• Monster Beverage Corp MNST.OQ reported quarterly adjusted earnings of 38 cents​​ per share for the quarter ended December 31, identical to the same quarter last year. The mean expectation of nineteen analysts for the quarter was for earnings of 40 cents per share. Wall Street expected results to range from 37 cents to 44 cents per share.

• Revenue rose 4.7% to $1.81 billion from a year ago; analysts expected $1.79 billion.

• Monster Beverage Corp's reported EPS for the quarter was 28 cents​.

• The company reported quarterly net income of $270.71 million.

• Monster Beverage Corp shares had fallen by 1.7% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.3% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 12 "hold" and 2 "sell" or "strong sell."

• The average consensus recommendation for the non-alcoholic beverages peer group is also "buy"

Wall Street's median 12-month price target for Monster Beverage Corp is $56.00

This summary was machine generated from LSEG data February 27 at 11:19 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)