Monster Beverage (NASDAQ:MNST) reported its Q1 earnings results on Thursday, May 4, 2023 at 04:10 PM.
Here’s what investors need to know about the announcement.
Earnings
Monster Beverage beat estimated earnings by 11.76%, reporting an EPS of $0.38 versus an estimate of $0.34.
Revenue was up $180.00 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.03 which was followed by a 2.53% drop in the share price the next day.
Here’s a look at Monster Beverage’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.32 | 0.3 | 0.35 | 0.31 |
| EPS Actual | 0.29 | 0.3 | 0.26 | 0.28 |
| Revenue Estimate | 1.60B | 1.65B | 1.61B | 1.43B |
| Revenue Actual | 1.51B | 1.62B | 1.66B | 1.52B |
To track all earnings releases for Monster Beverage visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
