Monster Beverage Reports 2024 First Quarter Results
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Roth/MKM Comments on Monster Beverage (MNST)
May 3, 2024 6:25 AM EDTRoth/MKM analyst Sean McGowan reiterated a Neutral rating and $59.00 price target on Monster Beverage (NASDAQ: MNST).
The analyst comments "MNST's 1Q results showed solid revenue growth and improvement in gross margin and adjusted EBITDA. Yet, these results lagged consensus estimates,... More
Deutsche Bank Comments on Monster Beverage (MNST)
May 3, 2024 6:11 AM EDTDeutsche Bank analyst Steve Powers reiterated a Buy rating and $66.00 price target on Monster Beverage (NASDAQ: MNST)
The analyst comments "We expect MNST shares will be up tomorrow driven by (i) better-than-feared 1Q results, (ii) a confirmation of US pricing in 4Q (on the core Monster line and potentially other sub-brands, though the magnitude of pricing is yet to be determined), and especially (iii) a $3 billion Dutch tender auction repurchase announcement (likely transpiring later this month and resulting in MNST buying back ~5%... More
Goldman Sachs Comments on Monster Beverage (MNST)
May 3, 2024 5:54 AM EDTGoldman Sachs analyst Bonnie Herzog reiterated a Buy rating and $68.00 price target on Monster Beverage (NASDAQ: MNST)
The analyst comments "Our View - MNST delivered a solid quarter with healthy +DD% sales growth of 11.8% y/y (including impressive 15.9% volume growth) - albeit slightly below expectations given significant FX headwinds... More
Monster Beverage (MNST) Misses Q1 EPS by 2c
May 2, 2024 4:19 PM EDTMonster Beverage (NASDAQ: MNST) reported Q1 EPS of $0.42, $0.02 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $1.9 billion versus the consensus estimate of $1.9 billion.
Company Currently Intends to Commence Tender Offer to Repurchase up to $3.0 Billion of Common... More