Monarch Casino & Resort Inc expected to post earnings of $1.20 a share - Earnings Preview

Monarch Casino & Resort

03/02/2023 11:08

* Monarch Casino & Resort Inc  MCRI.OQ   MCRI.O  is expected
to show a rise in quarterly revenue when it reports  results on
February 7 (estimated). 
    * The Reno Nevada-based  company is expected to report  a
9.1% increase in revenue to $121.165 million from $111.07
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 $1.20 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 $79​, above​ its last closing price of $76.69. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  1.15        1.22       1.41      Beat    16
 Jun. 30 2022  1.05        1.06       0.99      Missed  -6.4
 Mar. 31 2022  0.88        0.88       0.92      Beat    4.5​
 Dec. 31 2021  0.89        0.91       1.02      Beat    12.5
 ​​Sep.        0.98        0.99       1.15      Beat    16.1
 30 2021                                                
 Jun. 30 2021  0.69        0.93       0.93      Met     0.2​
 Mar. 31 2021  0.41        0.40       0.42      Beat    5
 Dec. 31 2020  0.56        0.54       0.80      Beat    48.5
 This summary was machine generated February 3 at 11:08 GMT.  All
figures in US dollars  unless otherwise stated