For its third fiscal quarter (ending September 30), Monster Beverage Corp (NASDAQ: MNST) has reported a -30% decline in E.P.S. from $0.61 a year ago to $0.43 in the current quarter. However, this performance was $0.03 better than the consensus estimate of $0.40. E.P.S. were $1.50 for the latest four quarters through September 30 versus $2.29 for the same period a year ago — a decline of -34%.
Recent Price Action
On 11/2/23, Monster Beverage Corp (NASDAQ: MNST) stock increased 2.0%, closing at $52.66. The stock has risen 5.2% during the last week and has been strong relative to the market over the last nine months.
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 C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Monster Beverage has a poor Appreciation Score of 16 but a good Power Rating of 75, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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