Monarch Casino & Resort Inc reports results for the quarter ended in June - Earnings Summary
25/07/2024 24:14
* Monarch Casino & Resort Inc MCRI.OQ reported quarterly
adjusted earnings of $1.19 per share for the quarter ended in
June, higher 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 $1.11 per share. Wall Street
expected results to range from $1.09 to $1.14 per share.
* Revenue rose 3.6% to $128.14 million from a year ago;
analysts
expected $126.31 million.
* Monarch Casino & Resort Inc's reported EPS for the quarter
was
$1.19.
* The company reported quarterly net income of $22.68
million.
* Monarch Casino & Resort Inc shares had risen by 2.7% this
quarter and gained 1.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.
* In the last 30 days, one analyst negatively revised an
earnings
estimate
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 $73.00
This summary was machine generated from LSEG data July 24 at
11:14 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
Jun. 30 2024 1.11 1.19 Beat
Mar. 31 2024 0.96 0.93 Missed
Dec. 31 2023 1.03 0.93 Missed
Sep. 30 2023 1.43 1.23 Missed