Monster Beverage (MNST) Misses Q3 Earnings and Revenue Estimates

Group 1: Earnings Performance - Monster Beverage reported quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of$ 0.42 per share, and compared to earnings of $0.41 per share a year ago, representing an earnings surprise of -4.76% [1] - The company posted revenues of$ 1.88 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.77%, and compared to year-ago revenues of $1.86 billion [2] - Over the last four quarters, Monster Beverage has not been able to surpass consensus EPS estimates or revenue estimates [2] Group 2: Stock Performance and Outlook - Monster Beverage shares have lost about 5.5% since the beginning of the year, while the S&P 500 has gained 24.3% [3] - The company's earnings outlook, including current consensus earnings expectations for the coming quarters, will be crucial for investors [4] - The current consensus EPS estimate for the coming quarter is$ 0.41 on $1.81 billion in revenues, and$ 1.66 on $7.52 billion in revenues for the current fiscal year [7] Group 3: Industry Context - The Beverages - Soft drinks industry is currently in the top 26% of the Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The Zacks Rank for Monster Beverage is currently 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6]