Monster Beverage Q1 2024 Adj EPS $0.42 Misses $0.43 Estimate, Sales $1.90B Inline
Portfolio Pulse from Benzinga Newsdesk
Monster Beverage (MNST) reported Q1 2024 adjusted EPS of $0.42, missing the consensus estimate of $0.43 by 2.33%. Quarterly sales were $1.90B, meeting estimates and marking an 11.83% increase from the previous year.
May 02, 2024 | 8:04 pm
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NEUTRAL IMPACT
Monster Beverage reported a slight miss on Q1 2024 EPS estimates but met sales expectations, with a significant year-over-year growth.
The slight miss in EPS might concern some investors, potentially putting short-term pressure on the stock. However, meeting sales estimates and showing strong year-over-year growth could offset negative sentiment, leading to a neutral short-term impact.
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