Energy drink company Monster Beverage (NASDAQ:MNST) will be reporting earnings tomorrow after market close. Here's what to expect.

Monster missed analysts' revenue expectations by 1.5% last quarter, reporting revenues of $1.73 billion, up 14.4% year on year. It was a slower quarter for the company, with a miss of analysts' earnings estimates.

Is Monster a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Monster's revenue to grow 12.1% year on year to $1.90 billion, in line with the 11.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.43 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Monster has missed Wall Street's revenue estimates five times over the last two years.

Looking at Monster's peers in the beverages and alcohol segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Keurig Dr Pepper delivered year-on-year revenue growth of 3.4%, beating analysts' expectations by 1.6%, and Constellation Brands reported revenues up 7.1%, topping estimates by 2%. Keurig Dr Pepper traded up 4.3% following the results while Constellation Brands was down 1%.

Read our full analysis of Keurig Dr Pepper's results here and Constellation Brands's results here.

Stocks--especially those trading at higher multiples--had a strong end of 2023, but 2024 has seen periods of volatility. Mixed inflation signals have led to uncertainty around rate cuts, and while some of the beverages and alcohol stocks have fared somewhat better, they have not been spared, with share prices down 3.6% on average over the last month. Monster is down 6.2% during the same time and is heading into earnings with an average analyst price target of $62.5 (compared to the current share price of $53.39).

Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.