Energy drink company Monster Beverage (NASDAQ:MNST) will be reporting earnings tomorrow after the bell. Here’s what investors should know.
Monster missed analysts’ revenue expectations by 1.7% last quarter, reporting revenues of $1.88 billion, up 1.3% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EBITDA estimates and a miss of analysts’ EPS estimates.
Is Monster a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Monster’s revenue to grow 4.2% year on year to $1.80 billion, slowing from the 14.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.40 per share.
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 six 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. Celsius’s revenues decreased 4.4% year on year, beating analysts’ expectations by 2.7%, and Coca-Cola reported revenues up 4.2%, topping estimates by 6.5%. Celsius traded up 27.8% following the results while Coca-Cola was also up 6.5%.
Read our full analysis of Celsius’s results here and Coca-Cola’s results here.
Investors in the beverages, alcohol, and tobacco segment have had steady hands going into earnings, with share prices flat over the last month. Monster is up 6.2% during the same time and is heading into earnings with an average analyst price target of $55.22 (compared to the current share price of $52.13).
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