Earnings results for Monster Beverage (NASDAQ:MNST)
Monster Beverage Corporation is expected* to report earnings on 11/05/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.63. The reported EPS for the same quarter last year was $0.55.
Monster Beverage last posted its earnings results on August 4th, 2020. The reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.10. The firm earned $1.09 billion during the quarter, compared to analysts’ expectations of $1 billion. Its quarterly revenue was down .9% on a year-over-year basis. Monster Beverage has generated $2.03 earnings per share over the last year and currently has a price-to-earnings ratio of 38.8. Monster Beverage has confirmed that its next quarterly earnings report will be published on Thursday, November 5th, 2020.
Analyst Opinion on Monster Beverage (NASDAQ:MNST)
13 Wall Street analysts have issued ratings and price targets for Monster Beverage in the last 12 months. Their average twelve-month price target is $81.31, predicting that the stock has a possible downside of 1.71%. The high price target for MNST is $96.00 and the low price target for MNST is $52.00. There are currently 1 sell rating, 2 hold ratings and 10 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Monster Beverage has received a consensus rating of Buy. The company’s average rating score is 2.69, and is based on 10 buy ratings, 2 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $81.31, Monster Beverage has a forecasted downside of 1.7% from its current price of $82.72. Monster Beverage has only been the subject of 3 research reports in the past 90 days.
Dividend Strength: Monster Beverage (NASDAQ:MNST)
Monster Beverage does not currently pay a dividend. Monster Beverage does not have a long track record of dividend growth.
Insiders buying/selling: Monster Beverage (NASDAQ:MNST)
In the past three months, Monster Beverage insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $9,126,791.00 in company stock. Only 10.60% of the stock of Monster Beverage is held by insiders. 63.92% of the stock of Monster Beverage is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Monster Beverage (NASDAQ:MNST
Earnings for Monster Beverage are expected to grow by 13.72% in the coming year, from $2.26 to $2.57 per share. The P/E ratio of Monster Beverage is 38.84, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.27. The P/E ratio of Monster Beverage is 38.84, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 36.39. Monster Beverage has a PEG Ratio of 2.96. PEG Ratios above 1 indicate that a company could be overvalued. Monster Beverage has a P/B Ratio of 10.66. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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