Monarch Casino & Resort Inc reports results for the quarter ended in June - Earnings Summary

Monarch Casino & Resort

19/07/2023 21:31

* Monarch Casino & Resort Inc  MCRI.OQ  reported quarterly
adjusted earnings of $1.14​​ per share for the quarter ended in
June. The mean expectation of four analysts for the quarter was
for earnings of $1.17 per share.
    * Revenue rose 6.7% to $123.68 million from a year ago;
analysts
expected $123.87 million. 
    * Monarch Casino & Resort Inc's reported EPS for the quarter
was
$1.14​.
    * 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. 
    * Monarch Casino & Resort Inc shares had risen by 4.6% this
quarter and gained 2.3% so far this year.
    * The company reported quarterly net income of $22.41
million.
    * Wall Street's median 12-month price target for Monarch
Casino &
Resort Inc is $84.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data July
19 at 08:30 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.17           1.14           Missed
 Mar. 31 2023      0.99           0.90           Missed
 Dec. 31 2022      1.20           1.14           Missed
 Sep. 30 2022      1.22           1.41           Beat