Monster (MNST) Q4 Earnings Report Preview: What To Look For

Radek Strnad /
2024/02/27 2:01 am EST

Energy drink company Monster Beverage (NASDAQ:MNST) will be reporting results tomorrow after the bell. Here's what to look for.

Last quarter Monster reported revenues of $1.86 billion, up 14.3% year on year, missing analyst expectations by 0.6%. It was a slower quarter for the company, with a miss of analysts' revenue estimates.

Is Monster buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Monster's revenue to grow 16.1% year on year to $1.76 billion, improving on the 6.2% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.39 per share.

Monster Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates four times over the last two years.

Looking at Monster's peers in the beverages and alcohol segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. Molson Coors delivered top-line growth of 6.1% year on year, beating analyst estimates by 0.4% and Keurig Dr Pepper reported revenues up 1.7% year on year, missing analyst estimates by 1%. Both stocks (Molson Coors and Keurig Dr Pepper) traded flat on the results.

Read our full analysis of Molson Coors's results here and Keurig Dr Pepper's results here.

Investors in the beverages and alcohol segment have had steady hands going into the earnings, with the stocks down on average 0.2% over the last month. Monster is down 0.1% during the same time, and is heading into the earnings with analyst price target of $62.6, compared to share price of $55.51.

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