Monarch Casino & Resort Inc reports results for the quarter ended in March - Earnings Summary
17/04/2024 22:01
* Monarch Casino & Resort Inc MCRI.OQ reported quarterly
adjusted earnings of 93 cents per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of 90 cents. The mean expectation of
four analysts for the quarter was for earnings of 96 cents per
share. Wall Street expected results to range from 92 cents
to $1.02 per share.
* Revenue rose 4.5% to $121.66 million from a year ago;
analysts
expected $122.32 million.
* Monarch Casino & Resort Inc's reported EPS for the quarter
was
93 cents.
* The company reported quarterly net income of $18.28
million.
* Monarch Casino & Resort Inc shares had fallen by 6.1% this
quarter and gained 1.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 0.9%
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 $73.00
This summary was machine generated from LSEG data April 17 at
09:00 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
Mar. 31 2024 0.96 0.93 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