Monster Beverage Corporation MNST is expected to have delivered solid top- and bottom-line growth when it reports third-quarter 2026 results. The results are expected to have been supported by resilient demand for energy drinks, effective pricing actions and continued expansion across international markets.
The Zacks Consensus Estimate for revenues is pegged at $2.48 billion, indicating growth of 13.1% from the figure reported in the year-ago quarter. The consensus estimate for earnings of 30 cents per share implies a rise of 7.1% from the year-ago quarter’s actual. The consensus mark has moved up by a penny in the past 30 days.
In the last reported quarter, the company registered a positive earnings surprise of 1.7%. It has delivered an average positive earnings surprise of 8% in the trailing four quarters.
Monster Beverage Corporation Price and EPS Surprise
Monster Beverage Corporation price-eps-surprise | Monster Beverage Corporation Quote
Key Factors to Note Ahead of MNST’s Q3 Results
Monster Beverage's third-quarter 2026 performance is likely to have benefited from sustained global energy drink demand, supported by expanding household penetration, broader consumption occasions and growing preference for functional beverages. Its diversified portfolio of premium, zero-sugar and affordable offerings may have supported sales growth across key markets.
Product innovation is expected to have bolstered performance, driven by new flavors across the Ultra and Juice Monster franchises, alongside portfolio expansion through FLRT and Storm. Continued zero-sugar momentum, promotional activities and packaging innovations may have strengthened consumer engagement and retail visibility.
Pricing initiatives implemented in late 2025 are likely to have supported revenue growth and helped mitigate inflationary pressures. International operations may have remained a key growth driver, aided by distribution expansion, market share gains and increasing penetration across EMEA, the Asia-Pacific and Latin America. Affordable brands, including Predator and Fury, likely supported growth in emerging markets.
However, elevated aluminum costs, reflecting higher tariff-related Midwest Premiums, alongside freight expenses and unfavorable geographic mix, could have pressured the gross margin. Continued investments in digital transformation, brand-building activities and higher stock-based compensation may also have increased operating expenses, partially offsetting revenue gains in the quarter.
What the Zacks Model Unveils for MNST
Our proven model does not conclusively predict an earnings beat for Monster Beverage this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Monster Beverage currently has an Earnings ESP of -3.05% and a Zacks Rank of 3.
Valuation Picture for MNST
From a valuation perspective, Monster Beverage’s stock is trading at a premium relative to the industry benchmarks. With a forward 12-month price-to-earnings ratio of 36.46X, the stock is trading above the Beverages - Soft Drinks industry’s average of 20.2X.
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The recent market movements show that MNST’s shares have gained 42.4% in the past year compared with the industry's 25.7% growth.
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Stocks With the Favorable Combination
Here are some other companies that, according to our model, also have the right combination of elements to beat on earnings this reporting cycle.
Sysco Corporation SYY has an Earnings ESP of +2.58% and a Zacks Rank of 3 at present. SYY is likely to register top- and bottom-line growth when it releases first-quarter fiscal 2027 results. The consensus estimate for Sysco's quarterly earnings stands at $1.17 per share, suggesting 1.7% growth from the year-ago quarter’s actual. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for its quarterly revenues is pegged at $22.2 billion, implying a rise of 4.9% from the year-ago quarter’s reported number. SYY has a trailing four-quarter average earnings surprise of 1%.
General Mills, Inc. GIS currently has an Earnings ESP of +0.26% and a Zacks Rank of 3. The Zacks Consensus Estimate for General Mills’ second-quarter fiscal 2027 revenues is pegged at $4.7 billion. The figure implies a 2.8% decline from the prior-year quarter’s actual.
The Zacks Consensus Estimate for General Mills’ quarterly EPS is pegged at 0.96, indicating a 12.7% decline from the year-ago period’s reported figure. GIS delivered a trailing four-quarter earnings surprise of 3.6%, on average.
The Kroger Co. KR currently has an Earnings ESP of +3.43% and a Zacks Rank of 3. The consensus estimate for Kroger’s quarterly revenues is pinned at $34.6 billion, which indicates 2.1% growth from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for the upcoming quarter’s EPS is pegged at $1.16, which implies a 10.5% year-over-year increase. KR delivered a trailing four-quarter earnings surprise of 2.7%, on average.
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Monster Beverage Corporation (MNST): Free Stock Analysis Report
General Mills, Inc. (GIS): Free Stock Analysis Report
The Kroger Co. (KR): Free Stock Analysis Report
Sysco Corporation (SYY): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).