You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. CHEF has a trailing four-quarter earnings surprise of 3.2%, on average. The Chef’s Warehouse CHEF, which engages in the distribution of specialty food products, currently carries a Zacks Rank #2 (Buy).

On a concluding note, Monster Beverage stock seems to be a decent investment bet given all the aforementioned positives. These estimates show corresponding growth of 11.5% and 16.8% year over year.

The Zacks Consensus Estimate for 2024 sales and earnings per share is currently pegged at $7.96 billion and $1.81, respectively. In fourth-quarter 2023, the gross margin expanded 240 basis points, driven by pricing actions, lower freight-in costs and reduced input costs.Īnalysts seem quite optimistic about the company. These factors have been aiding the company’s margins for a while now. Monster Beverage has been monitoring opportunities for further pricing actions across the United States and internationally. MNST continued to implement price hikes in the fourth quarter of 2023, with additional price hikes planned in several other markets ahead. Monster Beverage Corporation Price, Consensus and EPS SurpriseĪdditionally, the company continues to benefit from its pricing actions across various regions to negate the impacts of rising commodity costs and inflation. This marked the expansion of the distribution of The Beast Unleashed into additional markets, with further plans for nationwide distribution. It had earlier rolled out its unique flavored malt beverage alcohol product, The Beast Unleashed, in the United States and received positive feedback. In February this year, the company introduced Predator Gold Strike in Azerbaijan and the Philippines. Monster Beverage launched Monster Aussie Lemonade in Japan, Monster Ultra Paradise in Malaysia, Monster Mango Loco and Pipeline Punch in Kazakhstan, and Monster Mango Loco in the Philippines. Product innovation plays a significant role in the company's success. In fourth-quarter 2023, the Monster Energy Drinks segment's net sales increased 15.1% year over year. The company offers a wide range of energy drinks brands such as Monster Energy, Monster Energy Ultra, Monster Rehab, Monster Energy Nitro, Java Monster, Punch Monster, Juice Monster, Monster Hydro Energy Water, Monster Hydro Super Sport, Monster Super Fuel, Monster Dragon Tea, Reign Total Body Fuel, Reign Inferno Thermogenic Fuel, Reign Storm, True North, NOS, Full Throttle, Burn, Mother, Nalu, Ultra Energy, Play Relentless, BPM, BU, Gladiator, Samurai, Live+, Predator and Fury. Monster Beverage is experiencing strength in its energy drinks category, which has been driving performance for a while now. A Momentum Score of A further adds strength to this current Zacks Rank #3 (Hold) company. It has launched many products and expanded distribution in the international markets.īuoyed by such strengths, shares of this energy drinks and alternative beverages’ marketer have gained 18% compared with the industry’s 4.9% growth over the past year. The company has been gaining from the expansion of the energy drinks category and product launches. Monster Beverage Corporation MNST seems well-poised for growth, thanks to its robust business strategies.

Monster drink price