Monster Beverage Corp (MNST)

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Truist Securiti Comments on Monster Beverage Co.'s Q3 2021 Earnings (MNST)
By: MarketBeat | May 12, 2021

Monster Beverage Co. (NASDAQ:MNST) - Equities research analysts at Truist Securiti increased their Q3 2021 earnings per share estimates for shares of Monster Beverage in a note issued to investors on Thursday, May 6th. Truist Securiti analyst W. Chappell now expects that the company will earn $0.77 per share for the quarter, up from their prior estimate of $0.74. Truist Securiti also issued estimates for Monster Beverage's Q4 2021 earnings at $0.68 EPS, FY2021 earnings at $2.74 EPS, Q1 2022 earnings at $0.74 EPS, Q2 2022 earnings at $0.81 EPS, Q3 2022 earnings at $0.89 EPS, Q4 2022 earnings at $0.77 EPS, FY2022 earnings at $3.21 EPS and FY2023 earnings at $3.58 EPS. Monster Beverage (NASDAQ:MNST) last released its quarterly earnings data on Thursday, May 6th. The company reported $0.59 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.61 by ($0.02). The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.22 billion. Monster Beverage had a return on equity of 28.24% and a net margin of 26.99%. The firm's revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS.

Other analysts have also issued research reports about the stock. Sanford C. Bernstein began coverage on shares of Monster Beverage in a research report on Tuesday, January 19th. They set a "market perform" rating and a $100.00 price target on the stock. Truist Financial raised their price target on shares of Monster Beverage from $105.00 to $115.00 in a research report on Friday, May 7th. Argus raised their price target on shares of Monster Beverage from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Monday, March 8th. Truist Securities raised their price target on shares of Monster Beverage from $105.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, May 7th. Finally, Evercore ISI reaffirmed a "buy" rating on shares of Monster Beverage in a report on Sunday. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. The company presently has an average rating of "Buy" and an average price target of $100.10.

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