Monarch Casino & Resort Inc reports results for the quarter ended in January 1 - Earnings Summary
24/10/2024 04:05
* Monarch Casino & Resort Inc MCRI.OQ reported quarterly
adjusted earnings of $1.47 per share for the quarter ended
January 1, higher than the same quarter last year, when the
company reported EPS of $1.23. The mean expectation of
four analysts for the quarter was for earnings of $1.37 per
share. Wall Street expected results to range from $1.30
to $1.42 per share.
* Revenue rose 3.7% to $137.87 million from a year ago;
analysts
expected $133.98 million.
* Monarch Casino & Resort Inc's reported EPS for the quarter
was
$1.47.
* The company reported quarterly net income of $27.6
million.
* Monarch Casino & Resort Inc shares had fallen by 7.0% this
quarter and gained 6.7% so far this year.
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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the casinos &
gaming
peer group is also "hold"
Wall Street's median 12-month price target for Monarch Casino &
Resort Inc is $76.50
This summary was machine generated from LSEG data October 24 at
03:05 a.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
Sep. 30 2024 1.37 1.47 Beat
Jun. 30 2024 1.11 1.19 Beat
Mar. 31 2024 0.96 0.93 Missed
Dec. 31 2023 1.03 0.93 Missed