Monster Beverage (MNST) Earnings Preview - RBC

Credit Suisse analyst Kaumil Gajrawala reiterated an Outperform rating and $104.00 price target on Monster Beverage (NASDAQ: MNST) ahead of 4Q20 results.

The analyst stated "we are modeling net sales growth of +11.8% (Visible Alpha cons. +10.9%) and EPS of $0.72 (cons. $0.55). Our channel work points to continued momentum in the US, China, and LatAm, partially offset by a lockdown-related deceleration in Europe. It's worth noting that consensus EPS does not fully reflect the $165M deferred tax asset discussed on page 32 of MNST's latest 10-Q. We're expecting management to announce a non-alc seltzer launch and anticipate Jan LC gross sales growth in the range of +13-15%".

For an analyst ratings summary and ratings history on Monster Beverage click here. For more ratings news on Monster Beverage click here.

Shares of Monster Beverage closed at $89.17 yesterday.

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