MNST-MONSTER BEVERAGE CORP
Monster Beverage Expected to Report Moderate Growth in Q3 2024 Revenue and Earnings Amid Mixed Projections
Tuesday
22 October, 2024
As Monster Beverage gears up to unveil its Q3 2024 results, analysts project a modest revenue increase of 3.2% to $1.92 billion and a 2.4% rise in earnings per share. Can the company overcome its recent earnings surprises and restore investor confidence in the booming energy drink market?
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Key Takeaways
- Analysts forecast a 3.2% revenue increase for Monster Beverage, reaching $1.92 billion in Q3 2024.
- Earnings per share are expected to rise by 2.4% to 42 cents.
- Ongoing consumer demand for energy drinks enhances the company's growth prospects.
- Despite some earnings misses, Monster Beverage holds a neutral Zacks Rank of 3.
- The energy drink market's positive outlook positions Monster Beverage as a potential growth investment.
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