Energy drink company Monster Beverage (NASDAQ: MNST) will be reporting earnings this Thursday after market close. Here’s what to expect.
Monster beat analysts’ revenue expectations last quarter, reporting revenues of $2.13 billion, up 17.6% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ revenue estimates but a slight miss of analysts’ gross margin 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 16% year on year, a reversal from the 2.3% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have 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 Q1 results, giving us a hint as to what we can expect. Vita Coco delivered year-on-year revenue growth of 37.3%, beating analysts’ expectations by 20.5%, and Molson Coors reported revenues up 2%, topping estimates by 0.7%. Vita Coco traded up 27.8% following the results while Molson Coors’s stock price was unchanged.
Read our full analysis of Vita Coco’s results here and Molson Coors’s results here.
Investors in the beverages, alcohol, and tobacco segment have had steady hands going into earnings, with share prices up 1.8% on average over the last month. Monster is up 2% during the same time and is heading into earnings with an average analyst price target of $85.03 (compared to the current share price of $75.66).
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