Today's charts: Shake Shack, Broadcom, Monster Beverage earnings on tap
Yahoo Finance is tracking Shake Shack (SHAK), Broadcom (AVGO) and Monster Beverage (MNST) ahead of their earnings after the bell.
Shake Shack: Analysts are expecting earnings per share of 9 cents on revenue of $70.68 million. That’s up 38% from a year ago. Strong results could mean a big move to the upside for the stock. Some on Wall Street think it could push past $40 per share for the first time since August. Shake Shack’s same-store sales are expected to climb 3.2%. SunTrust, which has a buy rating on the stock, thinks store openings in 2016 will drive earnings in 2017 and 2018. Shares have fallen after five of the past seven earnings announcements.
Broadcom: The semiconductor is up 16% so far this year ahead of its earnings results. Analysts are expecting earnings per share of $3.48 on revenue of $4.08 billion. Cowen reiterated its outperform rating and $210 price target on the stock ahead of earnings, noting that it thinks results will be driven by strong growth from its enterprise storage segment.
Monster Beverage: Analysts are expecting Monster Beverage to report earnings per share of 30 cents on revenue of $723.39 million. The stock has been struggling to gain momentum over the past three months. Shares are down nearly 4% since December, compared to the S&P 500’s 9% gain.
For more on Shake Shack, Broadcom and Monster Beverage, check out the Final Round, live at 4 p.m. EST, right here on Yahoo Finance.