Monarch Casino & Resort (MCRI) Set to Announce Quarterly Earnings on Wednesday

Monarch Casino & Resort (NASDAQ:MCRI) is set to release its earnings data after the market closes on Wednesday, October 23rd. Analysts expect Monarch Casino & Resort to post earnings of $1.37 per share for the quarter.

Monarch Casino & Resort (NASDAQ:MCRI) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. Monarch Casino & Resort had a net margin of 16.31% and a return on equity of 17.05%. The company had revenue of $128.14 million during the quarter, compared to analysts’ expectations of $126.03 million. On average, analysts expect Monarch Casino & Resort to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Monarch Casino & Resort Stock Performance

Shares of NASDAQ MCRI opened at $75.92 on Monday. Monarch Casino & Resort has a 1 year low of $56.25 and a 1 year high of $80.22. The stock’s 50-day simple moving average is $75.79 and its 200-day simple moving average is $71.44. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 17.95 and a beta of 1.73.

Wall Street Analysts Forecast Growth

MCRI has been the topic of several analyst reports. Macquarie restated a “neutral” rating and set a $76.00 price objective on shares of Monarch Casino & Resort in a report on Thursday, July 25th. Truist Financial raised their price target on shares of Monarch Casino & Resort from $74.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th.

Monarch Casino & Resort Company Profile

Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company was incorporated in 1993 and is based in Reno, Nevada.