Monster Beverage Corp (NASDAQ:MNST) released its earnings for the three months through September after the market closed on Wall Street on Thursday November 7. The company showed earnings per share of 53 cents for the quarter on revenue totaling $686.6 million. On today’s market Monster stock trended down a fraction to finish the day’s trading at $57.20 per share.
In the run up to the release of this earnings report the company was expected to show earnings of 57 cents per share or the September quarter by analyst consensus. Consensus figures were calculated by Bloomberg in a survey of 10 analysts following Monster Beverage Corp (NASDAQ:MNST). Revenue was expected to come in at $602 million.
In the same three months of 2013 Monster Beverage Corp (NASDAQ:MNST) managed to earn 47 cents per share. Revenue in the third quarter of 2012 came in at $542 million. The energy drink maker has a history of disappointing Wall Street on the release of earnings. The company failed to meet expectations in each of the four quarters leading into this one.
One of the most important factors for the company going forward is the coming regulation of the energy drink industry from the Federal government of the United States. It is unclear what exact shape those regulations will take at this juncture, but they are unlikely to be a positive for Monster Beverage Corp (NASDAQ:MNST) going forward.
Since the start of the year shares in Monster Beverage Corp (NASDAQ:MNST) have had trouble making gains. 2013 has been a volatile year for the company’s stock, and it has underperformed the wider market by a significant margin. Shares have gained more than 8% in the year so far, below the 23% the S&P 500 gained in the year so far.
Shares in the firm are trading at more than 30 times 2012 earnings. That implies a belief that the firm will grow at a decent pace in the coming years, something it has shown little evidence of in 2013.
Executives from Monster Beverage Corp (NASDAQ:MNST) will host an earnings call in order to discuss this earnings report at 5 PM EST. Investors in the company ill be looking to hear management’s take on the outlook for the fourth quarter of the year, and the company’s plans to increase growth.