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

Monarch Casino & Resort

19/04/2023 22:01

* Monarch Casino & Resort Inc  MCRI.OQ  reported quarterly
adjusted earnings of 90 cents​​ per share for the quarter ended
in March. The mean expectation of four analysts for the quarter
was for earnings of 99 cents per share.
    * Revenue rose 7.5% to $116.44 million from a year ago;
analysts
expected $114.17 million. 
    * Monarch Casino & Resort Inc's reported EPS for the quarter
was
90 cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.6%
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 2.0% this
quarter and gained 5.0% so far this year.
    * The company reported quarterly net income of $17.67
million.
    * Wall Street's median 12-month price target for Monarch
Casino &
Resort Inc is $86.00 
    * 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
April 19 at 09:00 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      1.06           0.99           Missed