Earnings Outlook For Monster Beverage
Portfolio Pulse from Benzinga Insights
Monster Beverage (NASDAQ:MNST) is anticipated to release its quarterly earnings report on February 28, 2024, with an expected EPS of $0.38. Analysts and investors are keen on whether the company will surpass this estimate and provide optimistic guidance for the following quarter. Monster Beverage's stock performance has been positive over the last year, with a 12.03% increase, and its past earnings have shown a mix of beats and misses affecting stock prices variably.
February 27, 2024 | 3:01 pm
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Monster Beverage is expected to report an EPS of $0.38 for the upcoming quarter, with past performance indicating potential stock price movement post-announcement.
Given Monster Beverage's history of stock price movements following earnings announcements, especially after beating EPS estimates, there's a positive outlook for the short term. The anticipation of not only meeting but exceeding the EPS estimate and providing favorable future guidance could lead to an increase in stock price, mirroring past trends.
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