Monster(US:MNST) Zacks Investment Researchยท2024-02-06 00:01Group 1 - Monster Beverage's stock closed at $55.12, reflecting a -0.42% change, which is less than the S&P 500's daily loss of 0.32% [1] - The company has seen a 3.81% decline in shares over the past month, while the Consumer Staples sector gained 1.08% and the S&P 500 increased by 4.59% [1] - Upcoming earnings are projected to show an EPS of $0.39, a 34.48% increase year-over-year, with revenue expected at $1.75 billion, up 15.85% from the previous year [1] Group 2 - Recent adjustments to analyst estimates indicate a positive outlook for Monster Beverage, with a 0.49% increase in the Zacks Consensus EPS estimate over the last 30 days [2] - The company currently holds a Zacks Rank of 3 (Hold), reflecting a neutral sentiment among analysts [2] Group 3 - Monster Beverage has a Forward P/E ratio of 30.58, significantly higher than the industry average of 18.84, indicating it is trading at a premium [3] - The company's PEG ratio stands at 1.47, compared to the Beverages - Soft drinks industry average of 2.24, suggesting a favorable growth outlook [3] - The Beverages - Soft drinks industry ranks in the top 22% of all industries, with a Zacks Industry Rank of 55 [3]