Monster Beverage (Nasdaq: MNST ) is expected to report Q3 earnings on Nov. 7. 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 grow 21.7% and EPS will grow 25.0%.
The average estimate for revenue is $577.9 million. On the bottom line, the average EPS estimate is $0.55.
Last quarter, Monster Beverage booked revenue of $592.6 million. GAAP reported sales were 28% higher than the prior-year quarter's $462.1 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 $0.59. GAAP EPS of $0.59 for Q2 were 31% higher than the prior-year quarter's $0.45 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 51.8%, 100 basis points worse than the prior-year quarter. Operating margin was 28.6%, 10 basis points worse than the prior-year quarter. Net margin was 18.5%, 30 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $2.11 billion. The average EPS estimate is $1.99.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,849 members out of 2,016 rating the stock outperform, and 167 members rating it underperform. Among 526 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 491 give Monster Beverage a green thumbs-up, and 35 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 $76.11.
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