For the quarter ended September 2023, Monster Beverage (MNST - Free Report) reported revenue of $1.86 billion, up 14.3% over the same period last year. EPS came in at $0.41, compared to $0.30 in the year-ago quarter.
The reported revenue represents a surprise of -0.37% over the Zacks Consensus Estimate of $1.86 billion. With the consensus EPS estimate being $0.40, the EPS surprise was +2.50%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Monster Beverage performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Geographic Revenue- United States and Canada: $1.17 billion versus the three-analyst average estimate of $1.16 billion. The reported number represents a year-over-year change of +10.3%.
- Geographic Revenue- Asia Pacific: $127.27 million versus the two-analyst average estimate of $136.05 million.
- Revenue- Outside United States: $733.70 million compared to the $706.91 million average estimate based on two analysts. The reported number represents a change of +20.2% year over year.
- Geographic Revenue- EMEA: $391.88 million versus the two-analyst average estimate of $358.21 million.
- Geographic Revenue- Latin America and Caribbean: $167.91 million versus the two-analyst average estimate of $145.71 million.
- Net Sales- Alcohol Brands: $42.33 million versus $51.44 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +57.8% change.
- Net Sales- Strategic Brands: $98.76 million versus $119.85 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.2% change.
- Net Sales- Monster Energy Drinks: $1.71 billion versus $1.67 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +13.7% change.
- Net Sales- Other: $6.70 million versus the three-analyst average estimate of $6.56 million. The reported number represents a year-over-year change of +3.9%.
View all Key Company Metrics for Monster Beverage here>>>Shares of Monster Beverage have returned +13.1% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
For the quarter ended September 2023, Monster Beverage (MNST - Free Report) reported revenue of $1.86 billion, up 14.3% over the same period last year. EPS came in at $0.41, compared to $0.30 in the year-ago quarter.
The reported revenue represents a surprise of -0.37% over the Zacks Consensus Estimate of $1.86 billion. With the consensus EPS estimate being $0.40, the EPS surprise was +2.50%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Monster Beverage performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Geographic Revenue- United States and Canada: $1.17 billion versus the three-analyst average estimate of $1.16 billion. The reported number represents a year-over-year change of +10.3%.
- Geographic Revenue- Asia Pacific: $127.27 million versus the two-analyst average estimate of $136.05 million.
- Revenue- Outside United States: $733.70 million compared to the $706.91 million average estimate based on two analysts. The reported number represents a change of +20.2% year over year.
- Geographic Revenue- EMEA: $391.88 million versus the two-analyst average estimate of $358.21 million.
- Geographic Revenue- Latin America and Caribbean: $167.91 million versus the two-analyst average estimate of $145.71 million.
- Net Sales- Alcohol Brands: $42.33 million versus $51.44 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +57.8% change.
- Net Sales- Strategic Brands: $98.76 million versus $119.85 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.2% change.
- Net Sales- Monster Energy Drinks: $1.71 billion versus $1.67 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +13.7% change.
- Net Sales- Other: $6.70 million versus the three-analyst average estimate of $6.56 million. The reported number represents a year-over-year change of +3.9%.
View all Key Company Metrics for Monster Beverage here>>>Shares of Monster Beverage have returned +13.1% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
Get the latest research report on MNST - FREE