The largest energy drink company in the United States, Hansen Natural Corp. (Nasdaq: HANS) is scheduled to report its first quarter FY 2011 financial results on Thursday, May 5, 2011 after the close of the market.
For the first quarter, analysts' EPS estimates range from a low of $0.41 to a high of $0.53 per share, compared with a consensus estimate of $0.35 per share to $0.49 per share in the year ago quarter. For this quarter, analysts' revenue estimates range from a low of $308.21 million to a high of $341 million, compared with a consensus estimate of $238.11 million to $324.54 million in the same quarter a year ago. For the first quarter, the consensus EPS forecast has been increased from $0.48 per share, estimated 30 days ago, to the current consensus estimate of $0.49 per share.
The company's flagship Monster Energy brand has the second-largest energy drink market share with 29 percent, only behind Red Bull, which has 40 percent of the market share. For the fourth quarter 2010, the company's reported EPS missed Wall Street's consensus estimate by 14.50 percent.
For Q4 FY 2010:
- The company's gross sales increased 10.5 percent to $364.1 million, from $329.6 million in the same quarter last fiscal year.
- Net sales were $318 million, up 10 percent, compared with net sales of $290 million in the fourth quarter FY 2009.
- Operating income decreased 7 percent to $79.8 million from $85.8 million in the comparable 2009 quarter.
- Net income decreased 7.9 percent to $49.1 million from $53.4 million in the same quarter last year. Net income per diluted share decreased 7.8 percent to $0.53 from $0.57 per diluted share in the 2009 comparable quarter.
For full year 2010, gross sales increased 13.7 percent to $1.489 billion from $1.309 billion a year earlier. Net sales for the year increased 14.1 percent to $1.304 billion from $1.143 billion a year ago. Gross profit as a percentage of net sales was 52.2 percent for the year ended December 31, 2010, compared with 53.6 percent for the 2009 year. Net income for the year was $212.0 million, or $2.28 per diluted share, compared with $208.7 million, or $2.21 per diluted share, for the same period last year. Gross sales to customers outside the United States were $240.6 million in the year ended December 31, 2010, compared with $168.0 million in the year ended December 31, 2009.
The last trading price of HANS was $63.46, down 1.65 points, or 2.53 percent on Tuesday. During the first quarter, analysts at Standpoint Research initiated HANS with a buy rating.
