Monster Beverage Corp (NASDAQ: MNST) has reported earnings for its first fiscal quarter (ending March 31) of $0.42 versus $0.38 for the same period a year ago — an increase of 11%. However, this result fell short of the consensus estimate of $0.49 by $-0.07. For the latest four quarters through March 31, E.P.S. were $1.60 versus $1.24 for the same period a year ago — an increase of 30%.
Recent Price Action
On 5/2/24, Monster Beverage Corp (NASDAQ: MNST) stock declined slightly by -0.3%, closing at $53.39. NORMAL trading volume accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -1.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, MNST is expected to continue to be a major Value Builder.
Monster Beverage has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Monster Beverage has a poor Appreciation Score of 19 but a neutral Power Rating of 57, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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