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Monster Earnings: Do Energy Drinks Still Have Buzz?

When Monster Beverage reports earnings this week, investors will be looking for signs of growth.

Monster Beverage reports earnings on Wednesday, and analysts are watching the results to see if the energy-drink industry can keep growing at a rapid rate. The growth for U.S. energy-drink sales has decelerated in the past few years from about 8% to 10%, to 5%, according to Credit Suisse analyst Laurent Grendet. Some now think it could decelerate further.

Sales data for Monster’s new carbonated beverage Mutant has not been promising, and Wells Fargo analyst Bonnie Herzog worries that...