Monarch Casino & Resort Earnings Preview
Monarch Casino & Resort (NAS: MCRI) beat estimates by $0.09 last quarter and investors are hoping it can beat them again. The company will unveil its latest earnings on Wednesday. Monarch Casino & Resort, with its subsidiary, owns and operates the tropically themed Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada.
What analysts say:
- Buy, sell, or hold?: Analysts think investors should stand pat on Monarch Casino & Resort with two of three analysts rating it hold. Analysts don't like Monarch Casino & Resort as much as competitor Century Casinos overall. Two out of two analysts rate Century Casinos a buy compared to one of three for Monarch Casino & Resort. Analysts haven't adjusted their rating of Monarch Casino & Resort for the past three months.
- Revenue forecasts: On average, analysts predict $38 million in revenue this quarter. That would represent a rise of 0.8% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.17 per share. Estimates range from $0.15 to $0.20.
What our community says:
CAPS All-Stars are solidly backing the stock with 93.1% giving it an outperform rating. The community at large concurs with the All-Stars with 80.2% granting it a rating of outperform. Fools are bullish on Monarch Casino & Resort, though the message boards have been quiet lately with only 46 posts in the past 30 days. Monarch Casino & Resort's bearish CAPS rating of two out of five stars falls short of the Fool community sentiment.
Monarch Casino & Resort's profit has risen year over year by an average of more than twofold over the past five quarters.
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At the time this article was published