Will Monster Beverage (MNST) Beat Earnings Estimates In Q3?
Zacks Investment Research | Nov 04, 2018 08:10PM ET
Monster Beverage Corporation (NASDAQ:MNST) is slated to release third-quarter 2018 results on Nov 7.
In the last reported quarter, the company delivered positive earnings surprise of 2.1%. However, it delivered an average negative earnings surprise of 0.8% in the trailing four quarters. The Zacks Consensus Estimate for third-quarter earnings of 46 cents remained unchanged in the last 30 days. It represents 15% year-over-year improvement.
Monster Beverage Corporation Price and EPS Surprise
industry ’s 1.3% decline.
However, higher raw material costs, mainly aluminum; and unfavorable product mix continue to remain hurdles. This, in turn, might dent the company’s margins in the upcoming quarter. Further, softness in the beverage industry due to growing consciousness regarding health and wellness is hurting performance. Further, better beverage alternatives like ready-to-drink tea and bottled water, as well as the shift in consumer preferences have been impacting volumes of sodas and energy drinks.
Zacks Model
Our proven model shows that Monster Beverage is likely to beat earnings estimates in the second quarter. This is because a stock needs to have both — a positive Zacks Investment Research
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