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Beverage Stocks' Q4 Earnings Slated for Feb 23: MNST & COT
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The fourth-quarter earnings season is on its last leg with 90.6% consumer staples companies in the S&P 500 cohort having already released their quarterly numbers. According to the latest Earnings Preview, 58.6% of the companies have surpassed earnings and 37.9% have beat revenue expectations. Total earnings at these consumer staples companies increased 11% while revenues increased 3.5%.
Some of the key players in the sector – General Mills Inc. (GIS), The Procter & Gamble Company (PG) and The Hershey Company (HSY) – have already released their quarterly numbers. Hershey beat the Zacks Consensus Estimate for earnings by 8.3%, while sales missed the same in fourth-quarter 2016. General Mills’ second-quarter fiscal 2017 adjusted earnings and revenues missed the Zacks Consensus Estimate by 3.4% and 2.4%, respectively. Procter & Gamble’s second-quarter fiscal 2017 earnings and revenues exceeded expectations by a respective 1.9% and 0.3%.
Coming to the Beverage-soft drinks industry within the consumer staples sector, the industry has been adversely affected by changing consumer preferences. Consumers are particularly vigilant about the use of artificial sweeteners, high sugar content and related obesity concerns. Also, possible new taxes levied on sugar-sweetened beverages and growing regulatory pressures are affecting Carbonated Soft Drink (CSD) sales. The challenges in the CSD category have been felt by all major soft drink makers, leading to lower volumes and weak sales.
Given this backdrop, let’s try to determine how these players – Monster Beverage Corporation (MNST - Free Report) and Cott Corporation – are placed ahead of their earnings releases on Feb 23.
Monster Beverage, manufacturer of energy drinks, natural soft drinks and fruit drinks, is expected to report fourth-quarter 2016 results.
In the last reported quarter, the company had posted a negative 10.81% earnings surprise. Also, the company surpassed the Zacks Consensus Estimate in only one of the last four quarters, with an average miss of 6.76%.
Currently, the company – a Zacks Rank #4 (Sell) stock – has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 30 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Please note that we caution against Sell-rated stocks (Zacks Rank #4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.(read more: Monster Beverage (MNST - Free Report) Q4 Earnings: What's in the Cards?)
Monster Beverage Corporation Price and EPS Surprise
Notably, for the fourth quarter, the Zacks Consensus Estimate for earnings is pegged at 35 cents, reflecting a 35.6% year-over-year increase. Meanwhile, our estimate for revenues is pegged at $723.90 million, implying a 12.2% increase.
Cott Corporation, one of the largest non-alcoholic beverage companies, is expected to report fourth-quarter and 2016 results, before the opening bell.
Last quarter, the company posted a positive earnings surprise of 50%. The company surpassed earnings estimates in all of the past four quarters, with an average positive surprise of 120.5%.
Cott has an Earnings ESP of 0.00% and a Zacks #4. Our proven model does not show an earnings beat this quarter as a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat earnings.
For the fourth quarter, the Zacks Consensus Estimate for the bottom line is pegged at a loss of 3 cents, reflecting a 208.3% year-over-year decline, while the consensus for revenues is at $899.36 million, implying a 28.7% year-over-year increase.
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Beverage Stocks' Q4 Earnings Slated for Feb 23: MNST & COT
The fourth-quarter earnings season is on its last leg with 90.6% consumer staples companies in the S&P 500 cohort having already released their quarterly numbers. According to the latest Earnings Preview, 58.6% of the companies have surpassed earnings and 37.9% have beat revenue expectations. Total earnings at these consumer staples companies increased 11% while revenues increased 3.5%.
Some of the key players in the sector – General Mills Inc. (GIS), The Procter & Gamble Company (PG) and The Hershey Company (HSY) – have already released their quarterly numbers. Hershey beat the Zacks Consensus Estimate for earnings by 8.3%, while sales missed the same in fourth-quarter 2016. General Mills’ second-quarter fiscal 2017 adjusted earnings and revenues missed the Zacks Consensus Estimate by 3.4% and 2.4%, respectively. Procter & Gamble’s second-quarter fiscal 2017 earnings and revenues exceeded expectations by a respective 1.9% and 0.3%.
Coming to the Beverage-soft drinks industry within the consumer staples sector, the industry has been adversely affected by changing consumer preferences. Consumers are particularly vigilant about the use of artificial sweeteners, high sugar content and related obesity concerns. Also, possible new taxes levied on sugar-sweetened beverages and growing regulatory pressures are affecting Carbonated Soft Drink (CSD) sales. The challenges in the CSD category have been felt by all major soft drink makers, leading to lower volumes and weak sales.
Given this backdrop, let’s try to determine how these players – Monster Beverage Corporation (MNST - Free Report) and Cott Corporation – are placed ahead of their earnings releases on Feb 23.
Monster Beverage, manufacturer of energy drinks, natural soft drinks and fruit drinks, is expected to report fourth-quarter 2016 results.
In the last reported quarter, the company had posted a negative 10.81% earnings surprise. Also, the company surpassed the Zacks Consensus Estimate in only one of the last four quarters, with an average miss of 6.76%.
Currently, the company – a Zacks Rank #4 (Sell) stock – has an Earnings ESP of 0.00% as both the Most Accurate estimate and the Zacks Consensus Estimate stand at 30 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Please note that we caution against Sell-rated stocks (Zacks Rank #4 or 5) going into the earnings announcement, especially when the company is seeing negative estimate revisions.(read more: Monster Beverage (MNST - Free Report) Q4 Earnings: What's in the Cards?)
Monster Beverage Corporation Price and EPS Surprise
Monster Beverage Corporation Price and EPS Surprise | Monster Beverage Corporation Quote
Notably, for the fourth quarter, the Zacks Consensus Estimate for earnings is pegged at 35 cents, reflecting a 35.6% year-over-year increase. Meanwhile, our estimate for revenues is pegged at $723.90 million, implying a 12.2% increase.
Cott Corporation, one of the largest non-alcoholic beverage companies, is expected to report fourth-quarter and 2016 results, before the opening bell.
Last quarter, the company posted a positive earnings surprise of 50%. The company surpassed earnings estimates in all of the past four quarters, with an average positive surprise of 120.5%.
Cott has an Earnings ESP of 0.00% and a Zacks #4. Our proven model does not show an earnings beat this quarter as a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) to beat earnings.
You can see the complete list of today’s Zacks #1 Rank stocks here.
Cott Corporation Price and EPS Surprise
Cott Corporation Price and EPS Surprise | Cott Corporation Quote
For the fourth quarter, the Zacks Consensus Estimate for the bottom line is pegged at a loss of 3 cents, reflecting a 208.3% year-over-year decline, while the consensus for revenues is at $899.36 million, implying a 28.7% year-over-year increase.
Now See Our Private Investment Ideas
While the above ideas are being shared with the public, other trades are hidden from everyone but selected members. Would you like to peek behind the curtain and view them? Starting today, for the next month, you can follow all Zacks' private buys and sells in real time from value to momentum . . . from stocks under $10 to ETF and option moves . . . from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors.Click here for Zacks' secret trades >>