Monster Beverage Gears Up for Q3 Earnings: Here's What You Should Know

Core Viewpoint - Monster Beverage Corporation (MNST) is expected to report third-quarter 2024 results on November 7, with anticipated revenue and earnings growth [1]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for revenues is $1.92 billion, reflecting a growth of 3.2% year-over-year [2]. - The consensus estimate for earnings is 42 cents per share, indicating a rise of 2.4% from the previous year [2]. - The consensus estimate has decreased by one cent in the past 30 days [2]. Performance Insights - The Monster Energy Drinks segment is projected to generate net sales of $1.8 billion, representing a year-over-year growth of 5.9% [4]. - Net sales outside the United States are estimated at $722 million, indicating a year-over-year increase of 2.8% [5]. - The company has been focusing on expanding its distribution network internationally and has implemented pricing actions, which, along with lower freight-in costs and reduced aluminum can costs, are expected to enhance margins [5]. Challenges - The beverage industry is facing challenges, including a dynamic retail and consumer landscape, which may impact performance [6]. - The company has been experiencing higher operating costs for an extended period [6]. Earnings Prediction Model - The current model does not predict an earnings beat for Monster Beverage, with an Earnings ESP of -1.05% and a Zacks Rank of 3 [7].