Monster Beverage Corp (NASDAQ:MNST) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 5.23%.
Monster Beverage Corp Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 9.76% to $0.37 in the quarter versus EPS of $0.41 in the year-earlier quarter.
Revenue: Rose 6.51% to $484.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.37 per share. By that measure, the company missed the mean analyst estimate of $0.46. It missed the average revenue estimate of $501.74 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 2.69% from $471.52 million in the previous quarter. EPS decreased 5.13% from $0.39 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.69 to a profit $0.68. For the current year, the average estimate has moved down from a profit of $2.33 to a profit of $2.26 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)