Monster(US:MNST) Zacks Investment Researchยท2024-01-30 00:01Group 1: Company Performance - Monster Beverage's stock closed at $55.59, reflecting a +0.27% change from the previous trading day's closing, which lagged behind the S&P 500's 0.76% gain [1] - Over the past month, shares of Monster Beverage have decreased by 3.77%, while the Consumer Staples sector gained 4.52% and the S&P 500 gained 2.5% [1] - The upcoming earnings disclosure is projected to report earnings of $0.39 per share, representing a year-over-year growth of 34.48%, with revenue expected to be $1.75 billion, up 15.4% from the prior-year quarter [1] Group 2: Analyst Estimates and Ratings - Recent changes to analyst estimates for Monster Beverage indicate evolving short-term business trends, with positive revisions seen as a good sign for the company's outlook [2] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Monster Beverage at 3 (Hold), with a recent 0.02% fall in the Zacks Consensus EPS estimate [2] Group 3: Valuation Metrics - Monster Beverage has a Forward P/E ratio of 30.78, indicating a premium compared to its industry's Forward P/E of 18.73 [3] - The company has a PEG ratio of 1.48, which is lower than the average PEG ratio of 2.25 for the Beverages - Soft drinks industry [3] - The Beverages - Soft drinks industry is part of the Consumer Staples sector and currently holds a Zacks Industry Rank of 84, placing it in the top 34% of all industries [3]