Monarch Casino Q1 revenue rises on hotel and casino strength

Monarch Casino & Resort

21/04/2026 21:19

Overview

US casino operator's Q1 revenue rose 8.9% yr/yr, beating analyst expectations

Q1 adjusted EBITDA grew 19%, beating analyst estimates

Company repurchased 181,258 shares for $17.6 mln during Q1

Outlook

Company expects to continue investing in properties and deploying technology to reduce costs

Monarch plans to continue share repurchases and quarterly dividend payments, subject to board review

Company is evaluating potential M&A transactions to drive long-term value

Result Drivers

SEGMENT GROWTH - Casino revenue rose 9.4%, hotel revenue grew 13.5%, and food and beverage revenue increased 5.6% yr/yr

HIGHER HOTEL OCCUPANCY - Hotel and F&B revenue benefited from more available rooms at Atlantis and improved convention and group business

OPERATING EFFICIENCY - Lower operating expenses as a percentage of revenue in casino, hotel, and F&B segments supported margin improvement

Company press release: ID:nGNX6Qjg38

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$136.55 mln
$128.49 mln (5 Analysts)
Q1 EPS
$1.52
Q1 Adjusted EBITDA
Beat
$48.95 mln
$42.92 mln (5 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the casinos & gaming peer group is "buy."

Wall Street's median 12-month price target for Monarch Casino & Resort Inc is $105.50, about 6.4% above its April 20 closing price of $99.13

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)