Image Source: Zacks Investment Research Factors Supporting Growth The stock also compared favorably with the Consumer Staples sector’s decline of 4.1% in the same period. The Zacks Rank #3 (Hold) stock has gained 2.7% in the past three months compared with the industry’s growth of 2.5%. For 2021, its earnings estimates stand at $2.62 per share, suggesting a rise of 10.6% from the year-ago reported figure. In the past 30 days, estimates for the company’s 20 earnings per share have been unchanged.
Robust year-over-year top-line comparisons mainly reflected more severe impacts of the pandemic in the year-ago quarter. In second-quarter 2021, net sales grew 33% year over year. This underlines the company’s operational excellence. The top line surpassed estimates in the last four quarters. Monster Beverage retained investors' bullish sentiments by maintaining a robust earnings beat streak, with an average trailing four-quarter surprise of 4.2%. It remains on track to launch a number of additional products and product lines in domestic and international markets later this year. The company has been well-placed amid competition, given its commitment to product launches and innovation. Monster Beverage Corporation MNST looks poised for growth in the long term, owing to the continued momentum in its energy drinks business.
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