Monster Beverage Corporation (NASDAQ: MNST) has reported earnings for its second fiscal quarter (ending June 30) of $0.54 versus $0.48 for the same period a year ago — an increase of 12%. However, this performance was $-0.02 short of the consensus estimate of $0.56. E.P.S. were $1.93 for the latest four quarters through June 30 versus $1.61 for the same period a year ago — an increase of 20%.
Recent Price Action
Monster Beverage Corporation (NASDAQ: MNST) stock rose modestly by 0.3% on 8/7/19. The stock closed at $60.39. Moreover, trading volume in this advance was unusually high at 193% of normal. The stock has been strong relative to the market over the last nine months but has declined -7.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MNST is expected to continue to be a major Value Builder.
Monster Beverage has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Monster Beverage has a poor Appreciation Score of 22 but a good Power Rating of 78, triggering the Neutral Value Trend Rating.
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.