|Bid||83.16 x 1800|
|Ask||83.49 x 1000|
|Day's Range||82.42 - 83.84|
|52 Week Range||50.06 - 83.96|
|Beta (5Y Monthly)||1.07|
|PE Ratio (TTM)||39.26|
|Earnings Date||Nov 05, 2020 - Nov 09, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||86.27|
The energy-drink maker reported a relatively strong second quarter, showing that while Covid-19 is weighing on sales, it is seeing promising trends.
In spite of the worst that the coronavirus could throw at the food and beverage sector, Monster Beverage (NASDAQ: MNST) kept up a yearlong winning streak by surpassing analyst consensus estimates for the fourth consecutive quarter. Monster's net sales registered only a small year-over-year decrease, declining from $1.1 billion in Q2 2019 to $1.09 billion in Q2 2020. Monster added that its "e-commerce, club store, mass merchandiser, and grocery and related business continued to increase in the quarter."
Monster Beverage shares moved sharply higher following better-than-expected second quarter results and favorable analyst comments.