Monarch Casino Q3 revenue misses estimates despite higher casino sales

Monarch Casino & Resort

27/10/2026 20:11

Overview
US casino operator's Q3 revenue rose 2.4% yr/yr but missed analyst expectations
Adjusted EBITDA for Q3 grew 2.1% yr/yr but slightly missed analyst expectations
Company repurchased $37 mln in shares during Q3

Outlook
Company plans continued investment in technology and property enhancements at both locations
Company expects to continue share repurchases and quarterly cash dividends
Company is evaluating potential M&A transactions for long-term value

Result Drivers
CASINO, F&B, HOTEL GROWTH - Co said Q3 revenue growth was driven by increases in casino, food and beverage, and hotel revenues
HIGH MARGINS - Adjusted EBITDA margin remained near record levels, supporting profitability
HIGHER SG&A EXPENSES - SG&A expense as a percentage of net revenue increased due to higher legal and employee-related costs

Company press release: ID:nGNX1LXsjD

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$146.27 mln
$147.96 mln (7 Analysts)
Q3 EPS
 
$1.76
 
Q3 Adjusted EBITDA
Slight Miss*
$56.02 mln
$56.34 mln (7 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", 5 "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 $125.00, about 7.6% above its October 26 closing price of $116.15
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 19 three months ago

Reuters Recommended Reads
Oct 27 - Australia's Star Entertainment surges 13% as cost cuts, casino strength drive profit
Oct 27 - Hilton misses quarterly revenue estimates, warns of Mideast impact

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.)