Monster Beverage Corp (MNST)

[DiscoverGold]

Jefferies Financial Group Equities Analysts Raise Earnings Estimates for Monster Beverage Co. (MNST)
By: MarketBeat | January 13, 2022

• Monster Beverage Co. (NASDAQ:MNST) - Research analysts at Jefferies Financial Group increased their FY2021 earnings per share estimates for shares of Monster Beverage in a note issued to investors on Monday, January 10th. Jefferies Financial Group analyst K. Grundy now expects that the company will earn $2.57 per share for the year, up from their previous estimate of $2.52. Jefferies Financial Group currently has a "Hold" rating and a $92.00 price objective on the stock. Jefferies Financial Group also issued estimates for Monster Beverage's Q4 2021 earnings at $0.59 EPS, FY2022 earnings at $2.78 EPS and FY2023 earnings at $3.26 EPS. Monster Beverage (NASDAQ:MNST) last announced its earnings results on Thursday, November 4th. The company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.67 by ($0.04). Monster Beverage had a net margin of 28.76% and a return on equity of 23.94%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the business earned $0.65 EPS. The company's quarterly revenue was up 13.2% compared to the same quarter last year...

Read Full Story »»»

DiscoverGold