Monster Beverage (MNST) sees growth in the implied earrings growth rate and has recently become a Zacks #1 Rank (Strong Buy).

Company Description

Monster Beverage makes alternative beverage category beverages. The company's Direct Store Delivery segment offers carbonated energy drinks, non-carbonated dairy based coffee plus energy drinks and ready-to-drink iced teas. This segment sells its products through a distributor network. The company was formerly known as Hansen Natural Corporation and changed its name to Monster Beverage Corporation in January 2012. Monster Beverage Corporation was founded in 1985 and is based in Corona, California.

Monster Beverage Meets or Beats Estimates in Five of Last Seven Quarters

Monster Beverage has met or topped the Zacks Consensus Estimate in five of the last seven quarters. The four beats have come in on average more than $0.03 higher than the Zacks Consensus Estimate. Those three cents translate into positive earnings surprises of more than 9.5%. The stock has generally reacted positively when the company beats expectations. The stock was up 3.2% on average following the four beats.

The second largest price movement in the stock came the day after the company met estimates. The September 2011 quarter saw the company beat the topline estimate of $461 million by posting revenues of $475 million. EPS was in line with the Zacks Consensus Estimate and the stock moved higher by 8.3%.

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Brian Bolan is the Aggressive Growth Stock Strategist for Zacks.com. He is also the Editor in charge of the Zacks Home Run Investor service

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