Monster Beverage Corporation (MNST) published their Q3 2024 financial results, and earnings results missed analysts' estimates as well as their own targets. The company reported an EPS at $0.38, with revenue hitting $1.88 billion.
Analysts held expectations of better performances given MNST's strong financial prospects. High expectations were placed on the energy drink segment which failed to deliver contributing to a weaker overall demand for the company's products, causing the
stock to underperform throughout the week. However, it rose on some trading days despite the overall dip.
Wall Street maintains mixed insights about MNST's market valuation and financial outlook. Despite challenges with profit in Q3 2024, MNST saw record sales. Several shareholders have adjusted their stakes with some selling large portions and others - acquired additional shares.
Investment potential of MNST remains high due to stable returns on capital and good debt use, earning it a rating upgrade. Offering price targets have been raised by Wells Fargo and UBS Group, however, cautious guidance and a possible reversal in alcohol sales saw stock fall, hitting a 52-week low at $44.96.
Monster Beverage Corporation MNST News Analytics from Wed, 28 Feb 2024 08:00:00 GMT to Sat, 09 Nov 2024 13:18:48 GMT -
Rating -2
- Innovation 5
- Information 6
- Rumor 2
