Monarch Casino & Resort Inc expected to post earnings of $1.17 a share - Earnings Preview

Monarch Casino & Resort

14/07/2023 12:39

* Monarch Casino & Resort Inc  MCRI.OQ   MCRI.O  is expected
to show a rise in quarterly revenue when it reports  results on
July 19. 
    * The Reno Nevada-based  company is expected to report  a
6.9% increase in revenue to $123.87 million from $115.89 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Monarch Casino &
Resort
Inc is for earnings of $1.17 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Monarch
Casino &
Resort Inc is $84.5​, above​ its last closing price of $70.85.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.98        0.99       0.90      Missed  -8.6
 Dec. 31 2023  1.19        1.20       1.14      Missed  -4.9
 Sep. 30 2022  1.15        1.22       1.41      Beat    16​
 Jun. 30 2022  1.05        1.06       0.99      Missed  -6.4
 ​​Mar.        0.88        0.88       0.92      Beat    4.5
 31 2022                                                
 Dec. 31 2021  0.89        0.91       1.02      Beat    12.5​
 Sep. 30 2021  0.98        0.99       1.15      Beat    16.1
 Jun. 30 2021  0.69        0.93       0.93      Met     0.2
 This summary was machine generated July 14 at 11:38 GMT.  All
figures in US dollars  unless otherwise stated