Monarch Casino & Resort Earnings Preview: Get Ahead of the Analysts
Monarch Casino & Resort (NASDAQ:MCRI) will report earnings after markets close on Thursday, April 25th. Monarch Casino & Resort, Inc., through its wholly owned subsidiary, owns and operates the tropically-themed Atlantis Casino Resort in Reno, Nevada. The resort features a casino, a hotel and motor lounge, restaurants, bars, a nightclub, a swimming pool and health club, a gift shop, a family entertainment center, banquet and meeting space, and surface parking spaces.
Here is your Cheat Sheet to Monarch Casino & Resort Earnings:
Earnings Expectations: Analysts expect earnings of $0.16 per share on revenues of $46.30 million. Currently, the company’s P/E ratio stands at 17.71.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.25 to a profit $0.23. For the current year, the average estimate is a profit of $0.8, which is worse than the estimate ninety days ago.
Here’s how Monarch Casino & Resort has been performing on an annual basis:
|Revenue ($) in millions||141.37||133.73||142.03||140.63||170.36|
|Diluted EPS ($)||0.56||0.30||0.51||0.35||0.55|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||34.01||34.63||45.84||47.86||42.02|
|Diluted EPS ($)||0.04||0.10||0.11||0.25||0.09|
Monarch Casino & Resort has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)