Monster(MNST) ZACKS·2024-08-02 14:21Core Insights - Wall Street analysts expect Monster Beverage (MNST) to report quarterly earnings of $0.45 per share, reflecting a year-over-year increase of 15.4% [1] - Revenue projections for the upcoming quarter are set at $2.02 billion, indicating a 9.1% increase from the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, suggesting stability in analysts' assessments [1] Revenue Estimates - Analysts predict 'Net Sales- Alcohol Brands' will reach $61.09 million, showing no change from the previous year [2] - 'Net Sales- Strategic Brands' are estimated to be $105.17 million, representing a 5.5% increase year-over-year [2] - 'Net Sales- Monster Energy Drinks' is projected at $1.87 billion, indicating a 10.6% increase from the prior-year quarter [2] Other Metrics - The estimate for 'Net Sales- Other' is $8.05 million, reflecting a 10.1% increase from the year-ago quarter [3] - Monster Beverage shares have increased by 4.5% over the past month, contrasting with a -0.4% change in the Zacks S&P 500 composite [3] - With a Zacks Rank 3 (Hold), MNST is expected to closely follow overall market performance in the near term [3]