We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What Awaits Monarch Casino & Resort (MCRI) in Q2 Earnings?
Read MoreHide Full Article
Monarch Casino & Resort, Inc. (MCRI - Free Report) is scheduled to report second-quarter 2023 results on July 19. In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 10%.
Q2 Estimates
The Zacks Consensus Estimate for earnings is pegged at $1.18 per share, which indicates growth of 6.3% year over year. The consensus mark for revenues is pegged at $123.6 million, suggesting an improvement of 7.2% from the year-ago reported figure.
Factors to Note
MCRI’s results in the quarter under review is likely to benefit from robust casino, food and beverage, and hotel growth. The company is gaining from ongoing momentum in business at Monarch Black Hawk.
The Zacks Consensus Estimate for casino, hotel, and food and beverage revenues is pegged at $70 million, $18.6 million and $29.8 million, implying increases of 9.4%, 1.8% and 4.8% year over year, respectively. The consensus estimate for other revenues is pegged at $4.7 million, up 1% year over year. However, high operating expenses are likely to have marred margin in the quarter to be reported.
Monarch Casino & Resort, Inc. Price and EPS Surprise
Our proven model doesn’t conclusively predict an earnings beat for Monarch Casino & Resort this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Monarch Casino & Resort has an Earnings ESP of 0.00% and carries a Zacks Rank #3.
Stocks Poised to Beat Earnings Estimates
Here are some stocks you may also want to consider, as our model shows that these have the right combination of elements to post an earnings beat.
Shares of MGM Resorts have increased 8% in the past year. MGM’s earnings beat estimates in two of the trailing four quarters and missed twice, the average surprise being 81%.
Penn National Gaming, Inc. (PENN - Free Report) has an Earnings ESP of +13.44% and a Zacks Rank #3.
Shares of Penn National have declined 6.8% in the past three months. PENN’s earnings beat estimates in one of the trailing four quarters and missed thrice, the average negative surprise being 15%.
Hasbro, Inc. (HAS - Free Report) has an Earnings ESP of +16.67% and a Zacks Rank #3.
Shares of Hasbro have increased 23.9% in the past three months. HAS’ earnings beat estimates in two of the trailing four quarters and missed twice, the average negative surprise being 12.7%.
Image: Bigstock
What Awaits Monarch Casino & Resort (MCRI) in Q2 Earnings?
Monarch Casino & Resort, Inc. (MCRI - Free Report) is scheduled to report second-quarter 2023 results on July 19. In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 10%.
Q2 Estimates
The Zacks Consensus Estimate for earnings is pegged at $1.18 per share, which indicates growth of 6.3% year over year. The consensus mark for revenues is pegged at $123.6 million, suggesting an improvement of 7.2% from the year-ago reported figure.
Factors to Note
MCRI’s results in the quarter under review is likely to benefit from robust casino, food and beverage, and hotel growth. The company is gaining from ongoing momentum in business at Monarch Black Hawk.
The Zacks Consensus Estimate for casino, hotel, and food and beverage revenues is pegged at $70 million, $18.6 million and $29.8 million, implying increases of 9.4%, 1.8% and 4.8% year over year, respectively. The consensus estimate for other revenues is pegged at $4.7 million, up 1% year over year. However, high operating expenses are likely to have marred margin in the quarter to be reported.
Monarch Casino & Resort, Inc. Price and EPS Surprise
Monarch Casino & Resort, Inc. price-eps-surprise | Monarch Casino & Resort, Inc. Quote
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Monarch Casino & Resort this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Monarch Casino & Resort has an Earnings ESP of 0.00% and carries a Zacks Rank #3.
Stocks Poised to Beat Earnings Estimates
Here are some stocks you may also want to consider, as our model shows that these have the right combination of elements to post an earnings beat.
MGM Resorts International (MGM - Free Report) has an Earnings ESP of +38.00% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of MGM Resorts have increased 8% in the past year. MGM’s earnings beat estimates in two of the trailing four quarters and missed twice, the average surprise being 81%.
Penn National Gaming, Inc. (PENN - Free Report) has an Earnings ESP of +13.44% and a Zacks Rank #3.
Shares of Penn National have declined 6.8% in the past three months. PENN’s earnings beat estimates in one of the trailing four quarters and missed thrice, the average negative surprise being 15%.
Hasbro, Inc. (HAS - Free Report) has an Earnings ESP of +16.67% and a Zacks Rank #3.
Shares of Hasbro have increased 23.9% in the past three months. HAS’ earnings beat estimates in two of the trailing four quarters and missed twice, the average negative surprise being 12.7%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.