Monster Beverage Reports 2016 Second Quarter Financial Results
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Monster Beverage (MNST) PT Raised to $185 at Stifel
August 5, 2016 7:53 AM EDTStifel analyst Mark Astrachan reiterated a Buy rating and lifted its price target on Monster Beverage (NASDAQ: MNST) to $185.00 (from $165.00) following Q2 beat.
Astrachan commented, "Monster Beverage Corp. reported 2Q16 results with EPS of $0.99, compared to consensus of $1.03. Net sales growth of 19.3% exceeded consensus of 15.9%, with the EPS miss driven by the exclusion of cost savings from the acquisition of American Fruits & Flavors. Using a normalized gross margin of... More
Monster Beverage (MNST) Misses Q2 EPS by 4c
August 4, 2016 4:07 PM EDTMonster Beverage (NASDAQ: MNST) reported Q2 EPS of $0.99, $0.04 worse than the analyst estimate of $1.03. Revenue for the quarter came in at $945.8 million versus the consensus estimate of $804.24 million.
For earnings history and earnings-related data on Monster Beverage (MNST) click here.
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