Energy drink company Monster Beverage (NASDAQ: MNST) will be reporting earnings this Thursday after the bell. Here’s what to expect.
Monster beat analysts’ revenue expectations last quarter, reporting revenues of $2.20 billion, up 16.8% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ EBITDA estimates and a solid beat of analysts’ revenue estimates.
Is Monster a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Monster’s revenue to grow 12.5% year on year, improving from the 4.7% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Monster has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Monster’s peers in the beverages, alcohol, and tobacco segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Vita Coco posted flat year-on-year revenue, beating analysts’ expectations by 6.2%, and Boston Beer reported a revenue decline of 4.1%, in line with consensus estimates. Vita Coco traded down 8.4% following the results.
Read our full analysis of Vita Coco’s results here and Boston Beer’s results here.
There has been positive sentiment among investors in the beverages, alcohol, and tobacco segment, with share prices up 3.7% on average over the last month. Monster is up 5.5% during the same time and is heading into earnings with an average analyst price target of $81.38 (compared to the current share price of $85.53).
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