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Will Monster Beverage Deliver Energetic 3Q17 Results?

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Will Monster Beverage Deliver Energetic 3Q17 Results? PART 1 OF 5

Will Monster Beverage’s 3Q17 Results Boost Its Stock Further?

Upcoming 3Q17 results

Energy drink maker Monster Beverage (MNST) is scheduled to announce its 3Q17 results after the close of financial markets on November 8. Monster Beverage stock has risen by an impressive 30.4% on a YTD (year-to-date) basis as of November 1. The stock has outperformed its key nonalcoholic beverage peers and the broader market.

Will Monster Beverage’s 3Q17 Results Boost Its Stock Further?

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Outperforming peers

As of November 1, the stock prices of nonalcoholic beverage peers Coca-Cola (KO), PepsiCo (PEP), and Dr Pepper Snapple (DPS) have returned 10.5%, 5.3%, and -5.3%, respectively, on a YTD basis. Monster Beverage stock has also performed better than the S&P 500 Index, which has risen 15.2% since the start of 2017.

The Consumer Staples Select Sector SPDR Fund (XLP), which has 25.3% exposure to beverage stocks, has risen 3.0% on a YTD basis. Monster Beverage stock has moved up by 9.8% since the announcement of its 2Q17 results in August 2017. Monster Beverage missed the consensus analysts’ earnings estimate but exceeded the sales estimate for 2Q17.

Monster Beverage has been delivering better top-line growth than major nonalcoholic beverage peers like Coca-Cola and PepsiCo. The company’s extensive portfolio of energy drink brands has been experiencing continued demand in the domestic as well as international markets.

Series overview

This series on Monster Beverage’s upcoming 3Q17 results will focus on the expectations for the company’s sales and earnings. The series will also discuss the company’s margins and valuation. Let’s start with what analysts expect from the company’s third-quarter sales in the next part of this series.

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