Monarch Casino & Resort

Monarch Casino & Resort, Inc. owns and operates the Atlantis Casino Resort Spa, a hotel & casino facility in Reno, Nevada and the Monarch Black Hawk Casino in Black Hawk, Colorado. The Atlantis features casino space, guest rooms, food outlets, espresso and pastry bars, health spas and salons, retail outlets offering clothing and traditional gift shop merchandise, family entertainment centers, banquets, and convention and meeting room spaces. The casino features slot and video poker machines, table games, including blackjack, craps, roulette, and others, a race and sports book, a 24-hour live keno lounge, and a poker room. The Monarch Casino Black Hawk features casino space, slot machines, table games, a buffet-style restaurant, a snack bar, and a parking structure. The company was founded in 1993 and is headquartered in Reno, NV.

Earnings data Q3 2023

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Monarch Casino & Resort, Inc. engages in the ownership and operation of the Atlantis Casino Resort Spa, a hotel and casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk, Colorado. The company was founded in 1993 and is headquartered in Reno, NV.

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Spa Monarch ranks 4th highlighting its Modern Mountain ambience as the only Spa awarded in the Mountain West Spa Monarch ranks 4th highlighting its Modern Mountain ambience as the only Spa awarded in the Mountain West

The votes are in and Spa Monarch is honored as one of the top spas in America by USA Today voters

Monarch Casino's (MCRI) second-quarter top line benefits from strong guest visitation and spending levels in the Atlantis and the expansion in Black Hawk.

Monarch Casino (MCRI) Q2 Earnings Miss Estimates, Revenues Top

While the top- and bottom-line numbers for Monarch Casino (MCRI) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Monarch Casino (MCRI) Q2 Earnings: A Look at Key Metrics

Monarch Casino (MCRI) came out with quarterly earnings of $1.14 per share, missing the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.11 per share a year ago.

Monarch Casino (MCRI) Q2 Earnings Lag Estimates

Declares Cash Dividend of $0.30 per Share Payable on September 15, 2023 Declares Cash Dividend of $0.30 per Share Payable on September 15, 2023

Monarch Casino & Resort Reports Record Second Quarter Financial Results

Monarch Casino & Resort's (MCRI) second-quarter results are likely to reflect robust casino, food and beverage, and hotel growth.

What Awaits Monarch Casino & Resort (MCRI) in Q2 Earnings?

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MCRI's financial profile has improved substantially following the finished construction of its Black Hawk property, resulting in structurally improved margins and cash conversion. Stronger cash generation and low debt allow the business to pursue new growth opportunities faster and/or return capital to shareholders. The current TTM EV/EBITDA is ~50% below its five-year average despite the improved business, creating an attractive entry point to the stock.

Monarch Casino & Resort: Current Valuation Does Not Reflect Structurally Improved Financial Profile

Monarch Casino (MCRI) came out with quarterly earnings of $0.90 per share, missing the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.92 per share a year ago.

Monarch Casino (MCRI) Q1 Earnings Lag Estimates

RENO, Nev., April 19, 2023 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch,” “we,” “our,” or “the Company”) today reported record Net revenue and Adjusted EBITDA for the first quarter ended March 31, 2023, as summarized below: ($ in thousands, except per share data and percentages)     Three Months Ended March 31,       2023       2022     Increase /(Decrease) Net revenue   $ 116,644     $ 108,318     7.7%   Net income (1)     17,670       18,118     (2.5%)   Adjusted EBITDA (3)   $ 36,480     $ 34,342     6.2%                 Basic EPS   $ 0.92     $ 0.96     (4.2%)   Diluted EPS (2)   $ 0.90     $ 0.92     (2.2%)                           (1) Net Income was impacted by the effective tax rate (21.7% in the first quarter of 2023 and 12.5% in the first quarter of 2022), which varies based on the amount of the excess tax benefit on stock compensation. The income tax deduction attributable to the excess tax benefit decreased from the first quarter of 2022 to the first quarter of 2023, which resulted in a $1.7 million increase in the income tax provision.

Monarch Casino & Resort Reports Record First Quarter Financial Results

RENO, Nev., April 05, 2023 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ: MCRI) announced today that it will release its 2023 first quarter financial results after the market closes on Wednesday, April 19, 2023.

Monarch Casino & Resort to Report 2023 First Quarter Results After Market Close on April 19

Monarch Casino (MCRI) delivered earnings and revenue surprises of -8.06% and 1.04%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Monarch Casino (MCRI) Misses Q4 Earnings and Revenue Estimates

RENO, Nev., Feb. 14, 2023 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch” or “the Company”) today reported operating results for the fourth quarter and full year ended December 31, 2022, as summarized below:

Monarch Casino & Resort Reports Record 2022 Fourth Quarter Financial Results

RENO, Nev., Feb. 07, 2023 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch” or “the Company”) today announced that its Board of Directors authorized a one-time cash dividend of $5.00 per share of its outstanding common stock. The one-time cash dividend is payable on March 15, 2023, to stockholders of record on March 1, 2023. In addition, commencing in the second quarter of 2023, the Board of Directors has approved the payment of an annual dividend in the amount of $1.20 per outstanding share of Common Stock, payable in quarterly amounts on the 15th day of the third month of each applicable calendar quarter (or, if such date is not a trading day, then the first trading day immediately thereafter such date) to those stockholders of record on the 1st day of the third month of each quarter (or, if such date is not a trading day, then the first trading day immediately thereafter such date), to be reviewed quarterly by the Board. As such, for all of calendar year 2023, the Company expects to pay total cash dividends of $5.90 per share.

Monarch Casino & Resort Declares One-Time Cash Dividend of $5.00 Per Share; Initiates Recurring Annual Cash Dividend of $1.20 Per Share, to Be Paid in Quarterly Amounts

Monarch Casino (MCRI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Monarch Casino (MCRI) to Report Q4 Results: Wall Street Expects Earnings Growth

Margins have improved. Funds are available for investments.

Monarch Casino & Resort: Proper Execution Could Bring A Huge Win

Monarch Casino (MCRI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Monarch Casino (MCRI) Beat Estimates Again in Its Next Earnings Report?

Here is how Monarch Casino (MCRI) and Perdoceo Education (PRDO) have performed compared to their sector so far this year.

Has Monarch Casino & Resort (MCRI) Outpaced Other Consumer Discretionary Stocks This Year?

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Are Consumer Discretionary Stocks Lagging Monarch Casino & Resort (MCRI) This Year?

On Nov.22, 2016, we guided higher on Reno-based Monarch as a solid bet on an excellent management with a clear vision of steady growth. We liked its approach to maximizing existing assets before moving on to a market expansion beyond its home state.

Monarch Casinos: This Small-Cap Operator Has Validated Our Bull Case Since 2016

Monarch Casino (MCRI) could produce exceptional returns because of its solid growth attributes.

News for Monarch Casino & Resort Stock (MCRI)