Monarch Casino Q2 revenue slightly beats estimates on growth in casino, F&B, hotel segments

Monarch Casino & Resort

20/07/2026 22:36

    

    Overview
  
US casino operator's Q2 revenue rose 4.2%, slightly beating analyst expectations
Q2 adjusted EBITDA up 3.3% but slightly missed analyst estimates
Diluted EPS for Q2 rose 23.6%, helped by lower effective tax rate
Monarch declared quarterly cash dividend of $0.30 per share, in line with annual plan

    

    Outlook
  
Company expects to continue investing in properties, share repurchases and paying cash dividends
Company continues to evaluate potential M&A transactions for long-term value creation

    

    Result Drivers
  
SEGMENT GROWTH - Casino, food and beverage, and hotel revenue all increased, driving overall Q2 revenue growth
HOTEL PERFORMANCE - Hotel revenue rose 13% on higher available rooms and expanded convention and group business at Atlantis
TAX BENEFIT - Net income and diluted EPS were positively impacted by excess tax benefit on stock options compensation, resulting in a lower effective tax rate

    
Company press release: ID:nGNX1sXFsD

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
Slight Beat*
$142.60 mln
$142.18 mln (6 Analysts)
Q2 EPS
 
$1.78
 
Q2 Adjusted EBITDA
Slight Miss*
$53 mln
$53.37 mln (6 Analysts)
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

    

    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 $121.00, about 1.7% below its July 17 closing price of $123.03
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 16 three months ago

    

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(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.)