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

Monarch Casino & Resort

18/10/2023 22:40

* Monarch Casino & Resort Inc  MCRI.OQ  reported quarterly
adjusted earnings of $1.23​​ per share for the quarter ended in
September. The mean expectation of four analysts for the quarter
was for earnings of $1.43 per share.
    * Revenue fell 0.6% to $132.97 million from a year ago;
analysts
expected $134.44 million. 
    * Monarch Casino & Resort Inc's reported EPS for the quarter
was
$1.23​.
    * The mean earnings estimate of analysts had fallen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Monarch Casino & Resort Inc shares had risen by 0.8% this
quarter and lost 13.0% so far this year.
    * The company reported quarterly net income of $24.16
million.
    * Wall Street's median 12-month price target for Monarch
Casino &
Resort Inc is $83.50 
    * 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
October 18 at 09:40 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.43           1.23           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