The firm was recently trading at a 52-week high of $58.8 on and set a 52-week low on at $41.07.īased in Corona California Monster Beverage Corporation is a holding company and conducts no operating business except through its consolidated subsidiaries. Before the report, Monster Beverage Cp received a Long-Term Technical Rank by InvestorsObserver of 62, putting it in the top half of stocks. Monster Beverage Cp has performed a little above average during the past few months.
InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading. The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data. Monster Beverage Cp's earnings expanded faster than revenues, signaling widening profit margins. The stock is up 3.63% to $60.20 after the report. Monster Beverage Cp achieved a higher earnings growth rate than revenue, signaling that the business has improved its profit margin. The firm managed 12% growth year-over-year due to Monster Beverage Cp reporting quarterly revenue of $1.5 billion in its year-ago quarter. The Consumer Defensive company managed to surpass those expectations for its first quarter with revenue of $1.7 billion, a positive revenue surprise of $9 million (1%). The positive annual growth shows the Consumer Defensive company is performing well amid recent economic conditions.Ĭonsensus analyst estimates were at $1.7 billion. Monster Beverage Cp's earnings rose 36% year-over-year as the firm reported an EPS of $0.28 in its year-ago quarter. Monster Beverage Corp ( MNST) reported better than expected earnings this afternoon for Q1 2023.Īnalyst expectations for Monster Beverage Cp earnings per share (EPS) were at $0.34, with the company surpassing those estimates with a reported EPS of $0.38, leading to a positive surprise of $0.04 per share (12%).
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