Monster Beverage Corp (MNST, Financial) is set to release its Q2 2024 earnings on Aug 7, 2024. The consensus estimate for Q2 2024 revenue is $2,014.36 million, and the earnings are expected to come in at $0.47 per share. The full year 2024's revenue is expected to be $7.81 billion and the earnings are expected to be $1.79 per share. More detailed estimate data can be found on the Estimates page.
Monster Beverage Corp (MNST, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Monster Beverage Corp (MNST) for the full year 2024 have declined from $7.88 billion to $7.81 billion and for 2025 from $8.67 billion to $8.60 billion. Similarly, earnings estimates have decreased from $1.84 per share to $1.79 per share for the full year 2024 and from $2.10 per share to $2.06 per share for 2025.
Monster Beverage Corp (MNST, Financial) Reported History
In the previous quarter of March 31, 2024, Monster Beverage Corp's (MNST) actual revenue was $1,899.10 million, which missed analysts' revenue expectations of $1,901.39 million by -0.12%. Monster Beverage Corp's (MNST) actual earnings were $0.42 per share, which missed analysts' earnings expectations of $0.452 per share by -6.86%. After releasing the results, Monster Beverage Corp (MNST) was up by 3.02% in one day.
Monster Beverage Corp (MNST, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 23 analysts, the average target price for Monster Beverage Corp (MNST) is $59.02 with a high estimate of $70 and a low estimate of $46. The average target implies an upside of 16.93% from the current price of $50.47.
Based on GuruFocus estimates, the estimated GF Value for Monster Beverage Corp (MNST, Financial) in one year is $69.51, suggesting an upside of 37.73% from the current price of $50.47.
Based on the consensus recommendation from 26 brokerage firms, Monster Beverage Corp's (MNST, Financial) average brokerage recommendation is currently 2.2, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
