Monarch Casino & Resort Inc reports results for the quarter ended in December - Earnings Summary
14/02/2024 22:55
* Monarch Casino & Resort Inc MCRI.OQ reported quarterly
adjusted earnings of 93 cents per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of $1.14. The mean expectation of
four analysts for the quarter was for earnings of $1.03 per
share. Wall Street expected results to range from 96 cents
to $1.08 per share.
* Revenue rose 6.3% to $128.19 million from a year ago;
analysts
expected $118.67 million.
* Monarch Casino & Resort Inc's reported EPS for the quarter
was
93 cents.
* The company reported quarterly net income of $18.2
million.
* Monarch Casino & Resort Inc shares had fallen by 0.8% this
quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the casinos &
gaming
peer group is "hold."
Wall Street's median 12-month price target for Monarch Casino &
Resort Inc is $73.50
This summary was machine generated from LSEG data February 14 at
10:55 p.m. UTC. All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Dec. 31 2023 1.03 0.93 Missed
Sep. 30 2023 1.43 1.23 Missed
Jun. 30 2023 1.17 1.14 Missed
Mar. 31 2023 0.99 0.90 Missed