Shares of Monster Beverage Corporation (NASDAQ:MNST) fell $-0.65 during today’s regular trading session, a -1.37% decrease from the previous closing price of $47.46. The company’s shares traded on weaker-than-usual volume today: $2.08M shares changed hands while the stock’s average volume is 2.66M shares per day. Monster Beverage Corporation (MNST) has gained $1.91, or +4.25%, in the last 30 days. This year-to-date, the company’s shares have increased $2.47, or +5.57%. Over the last 12 months, MNST’s stock price has declined $3.43, or -6.83%. The company’s 52-week range is $40.64 to $55.50.

Monster Beverage Corporation (MNST) Earnings Surprises

Monster Beverage Corporation announced its recent quarter financial results after the market close on 04/05/2017, crushing consensus estimates with both its revenue and earnings. Monster Beverage Corporation posted net revenue of 742.15M, beating Wall Street analysts who had forecast $742.43M. The company reported EPS of $0.32, above the consensus estimate calling for EPS of $0.32 – a positive surprise of 0.25%.

Before that, quarter ending December 2016, Monster Beverage Corporation also surprised analysts by beating the consensus estimate. The Wall Street forecast had projected $0.30 per share, and the company reported EPS of $0.36 – also a 19.01% positive surprise. Revenue during the period amounted to $753.02M, while analysts were anticipating $722.16M.

In the quarter ending September 2016, Monster Beverage Corporation delivered smaller earnings beat. Analysts, on average, were expecting $0.37 per share, and the company reported EPS of $0.34 – amounting to a positive surprise of 7.74%. Revenue during that quarter was posted at $787.95M , whereas the consensus estimate was predicting $818.84M.

The company is scheduled to announce its next quarterly financial results on 03/08/2017 after the market close. The average EPS estimate of 7 Wall Street analysts is $0.40 per share, compared to the company’s reported EPS of $0.33 per share in the year-ago quarter. Analysts are forecasting Monster Beverage Corporation to report revenue of about $903.39M, versus the $822.53M posted last year.

Monster Beverage Corporation (MNST) Consensus Estimates and Price Target

The company’s consensus rating is currently Strong Buy, with 4 analysts rating it a Strong Buy, and 3 analysts rating it with a Hold. The average 12-month price target, as forecast by analysts, is $55.59 , 18.76% higher than the company’s closing price today