MNST Stock Recent News

-- Record Second Quarter Net Sales Rise 2.5 Percent to $1.90 Billion -- -- Net Sales, Excluding the Alcohol Brands Segment, Adjusted for Adverse Changes in Foreign Currency  of $67.7 Million, Rise 7.4 Percent -- -- Second Quarter Diluted EPS Increases 5.0 Percent -- CORONA, Calif., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) today reported financial results for the three- and six-months ended June 30, 2024.

Monster Beverage is one of the key players in the industry of energy drinks with solid market share of 24% in US sales. The company has no interest-bearing debt in its balance sheet and performs financially better than its peers. MNST stock is undervalued by historical P/E ratio method by 9%.

Monster Beverage's (MNST) second-quarter 2024 results are likely to reflect gains from strength in its energy drinks category and product launches.

Evaluate the expected performance of Monster Beverage (MNST) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

-- Company to Conduct Conference Call at 2 p.m. Pacific Time -- CORONA, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) announced today that results for its second quarter ended June 30, 2024, will be reported on Wednesday, August 7, 2024, after the close of the market. The company also said that Co-Chief Executive Officers, Rodney Sacks and Hilton Schlosberg, will host an investor conference call that same day at 2 p.m. Pacific Time to review the company's financial results and operations.

Monster Beverage Corporation is an industry leader in alternative drinks, with a strong go-to-market strategy and a diverse product portfolio. Recent acquisitions have positioned the company well for increased distribution within the Energy and Alcohol segments, which are expected to grow rapidly in Asian and Latin American emerging markets. With a projected 11%+ forward sales growth through 2027 despite an increasingly competitive market, we rate Monster a BUY at a target price of $62 per share.

Monster Beverage (MNST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Monster Beverage (MNST) looks well-poised for long-term growth, backed by strength in its energy drinks business, continued innovation and product launches.

In February, CNBC reported that a $1,000 investment in Monster Beverage (NASDAQ: MNST ) on Feb. 14, 1994, would have been worth approximately $2 million on its 30-year anniversary, a 200,000% return. It's these kinds of cheap stocks that can make you rich in the long run if you make the right play at the right time.

Monster Beverage (MNST) sees strength in its energy drinks category. In addition, the company's expansion strategy bodes well.