Monster Beverage Corp (NASDAQ: MNST) has reported earnings for its second fiscal quarter (ending June 30) of $0.41 versus $0.40 for the same period a year ago — an increase of 2%. However, this result fell short of the consensus estimate of $0.45 by $-0.04. For the latest four quarters through June 30, E.P.S. were $1.62 versus $1.38 for the same period a year ago — an increase of 18%.
Recent Price Action
Monster Beverage Corp (NASDAQ: MNST) stock closed at $50.53 on 8/7/24 after a slight decline of -0.5%. However, this decline was accompanied by below average trading volume at 69% of normal. The stock has been weak relative to the market over the last nine months and has declined -2.0% 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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Monster Beverage has a neutral Power Rating of 42 but a poor Appreciation Score of 21, and the Negative Value Trend Rating results.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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