Q3 EPS Forecast for Monster Beverage Lowered by Analyst

Key Points

• Roth Capital has lowered its Q3 2026 earnings estimate for Monster Beverage, projecting earnings per share at $0.53, down from $0.55.
• Multiple analysts have adjusted their price targets on Monster Beverage, with Roth Capital maintaining a neutral rating and a price objective of $60.00.
• Despite the earnings estimate revision, Monster Beverage reported $0.52 earnings per share for the last quarter, surpassing estimates and showing a revenue increase of 11.1% year-over-year.

Monster Beverage Corporation (NASDAQ:MNST - Free Report) - Research analysts at Roth Capital dropped their Q3 2026 earnings per share estimates for shares of Monster Beverage in a research note issued on Wednesday, August 13th. Roth Capital analyst S. Mcgowan now forecasts that the company will post earnings of $0.53 per share for the quarter, down from their previous estimate of $0.55. Roth Capital has a "Neutral" rating and a $60.00 price target on the stock. The consensus estimate for Monster Beverage's current full-year earnings is $1.62 per share. Roth Capital also issued estimates for Monster Beverage's Q4 2026 earnings at $0.50 EPS and FY2026 earnings at $2.11 EPS.

Monster Beverage (NASDAQ:MNST - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.04. Monster Beverage had a return on equity of 27.46% and a net margin of 20.54%. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period in the prior year, the company posted $0.41 EPS. Monster Beverage's quarterly revenue was up 11.1% on a year-over-year basis.

MNST has been the subject of a number of other reports. Rothschild & Co Redburn downgraded Monster Beverage from a "buy" rating to a "neutral" rating and set a $60.00 price objective for the company. in a research note on Wednesday, July 9th. Wall Street Zen upgraded Monster Beverage from a "hold" rating to a "buy" rating in a report on Saturday. Morgan Stanley upped their price objective on Monster Beverage from $70.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Bank of America upped their target price on Monster Beverage from $66.00 to $72.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, The Goldman Sachs Group lifted their price objective on shares of Monster Beverage from $67.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, June 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $65.10.

Monster Beverage Stock Performance

Shares of NASDAQ MNST traded down $0.69 during trading on Friday, reaching $63.44. The stock had a trading volume of 242,972 shares, compared to its average volume of 6,154,703. The stock has a market cap of $61.94 billion, a PE ratio of 39.44, a P/E/G ratio of 2.11 and a beta of 0.55. The firm's 50 day moving average price is $61.63 and its two-hundred day moving average price is $58.76. Monster Beverage has a one year low of $45.70 and a one year high of $66.75.

Institutional Investors Weigh In On Monster Beverage

Institutional investors have recently made changes to their positions in the stock. Ashton Thomas Securities LLC grew its stake in Monster Beverage by 1.0% in the second quarter. Ashton Thomas Securities LLC now owns 16,986 shares of the company's stock valued at $1,064,000 after acquiring an additional 174 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Monster Beverage by 13.4% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,490 shares of the company's stock valued at $93,000 after purchasing an additional 176 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of Monster Beverage by 4.0% in the first quarter. Pinnacle Associates Ltd. now owns 4,887 shares of the company's stock valued at $286,000 after purchasing an additional 189 shares in the last quarter. Accretive Wealth Partners LLC lifted its holdings in shares of Monster Beverage by 1.0% in the second quarter. Accretive Wealth Partners LLC now owns 20,170 shares of the company's stock valued at $1,263,000 after purchasing an additional 190 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its holdings in shares of Monster Beverage by 2.9% in the second quarter. Rehmann Capital Advisory Group now owns 6,704 shares of the company's stock valued at $420,000 after purchasing an additional 191 shares in the last quarter. 72.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Monster Beverage

In other news, Director Mark Vidergauz sold 10,000 shares of Monster Beverage stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $63.73, for a total value of $637,300.00. Following the completion of the sale, the director directly owned 51,191 shares of the company's stock, valued at approximately $3,262,402.43. This trade represents a 16.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas J. Kelly sold 27,000 shares of Monster Beverage stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $63.40, for a total value of $1,711,800.00. Following the sale, the chief financial officer directly owned 69,273 shares of the company's stock, valued at approximately $4,391,908.20. This trade represents a 28.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.30% of the stock is currently owned by company insiders.

Monster Beverage Company Profile

Monster Beverage Corporation, through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally. The company operates through three segments: Monster Energy Drinks, Strategic Brands, Alcohol Brands, and Other.