Monster Beverage (Nasdaq: MNST ) is expected to report Q2 earnings on Aug. 8. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Monster Beverage's revenues will improve 29.0% and EPS will increase 35.6%.
The average estimate for revenue is $596.1 million. On the bottom line, the average EPS estimate is $0.61.
Last quarter, Monster Beverage booked revenue of $454.6 million. GAAP reported sales were 28% higher than the prior-year quarter's $356.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.41. GAAP EPS of $0.41 for Q1 were 41% higher than the prior-year quarter's $0.29 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 53.1%, 100 basis points better than the prior-year quarter. Operating margin was 27.3%, 250 basis points better than the prior-year quarter. Net margin was 16.7%, 130 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.13 billion. The average EPS estimate is $2.05.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,797 members rating the stock outperform, and 149 members rating it underperform. Among 546 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 515 give Monster Beverage a green thumbs-up, and 31 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Monster Beverage is outperform, with an average price target of $61.19.