Monster Beverage Q4 2023 GAAP EPS $0.38, Inline, Sales $1.73B Miss $1.75B Estimate
Portfolio Pulse from Benzinga Newsdesk
Monster Beverage reported Q4 2023 earnings of $0.38 per share, meeting analyst estimates, but missed sales forecasts with $1.73B against the expected $1.75B, marking a 14.34% increase from the previous year.
February 28, 2024 | 9:13 pm
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NEUTRAL IMPACT
Monster Beverage's Q4 earnings per share matched expectations, but sales slightly missed estimates, showing a significant year-over-year growth.
While Monster Beverage met EPS estimates, the slight miss in sales forecasts could temper investor enthusiasm. However, the substantial year-over-year sales growth indicates strong underlying business performance, which might mitigate negative reactions. The neutral score reflects the balance between these factors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100