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.

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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.

Monarch Casino's (MCRI) first-quarter top line reflects strong contributions from Monarch Black Hawk.

Monarch Casino's (MCRI) Q1 Earnings & Revenues Lag Estimates

While the top- and bottom-line numbers for Monarch Casino (MCRI) give a sense of how the business performed in the quarter ended March 2024, 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) Q1 Earnings: A Look at Key Metrics

Monarch Casino (MCRI) came out with quarterly earnings of $0.93 per share, missing the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.90 per share a year ago.

Monarch Casino (MCRI) Q1 Earnings and Revenues Lag Estimates

RENO, Nev., April 17, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch,” “we,” “our,” or “the Company”) today reported operating results for the first quarter ended March 31, 2024, as summarized below: ($ in thousands, except per share data and percentages)       Three Months Ended March 31,     2024   2023   Increase Net revenue   $ 121,657     $ 116,644     4.3%   Net income     18,275       17,670     3.4%   Adjusted EBITDA (1)   $ 38,548     $ 36,480     5.7%                   Basic EPS   $ 0.95     $ 0.92     3.3%   Diluted EPS (1)   $ 0.93     $ 0.90     3.3%     (1) Definitions, disclosures and reconciliations of non-GAAP financial information are included later in the release.   CEO Comment John Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented: “In the first quarter of 2024 net revenue and adjusted EBITDA grew to all-time first quarter records of $121.7 million and $38.5 million, respectively, and the EBITDA margin improved to 31.7% from 31.3% in the same period of the prior year.

Monarch Casino & Resort Reports Record First Quarter 2024 Financial Results

Monarch Casino & Resort's (MCRI) fiscal first-quarter results are likely to reflect robust Casino as well as Food and Beverage growth.

What Awaits Monarch Casino & Resort (MCRI) in Q1 Earnings?

Beyond analysts' top -and-bottom-line estimates for Monarch Casino (MCRI), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.

Monarch Casino (MCRI) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates

RENO, Nev., April 10, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ: MCRI) announced today that it will release its 2024 first quarter financial results after the market closes on Wednesday, April 17, 2024.

Monarch Casino & Resort to Report 2024 FIRST Quarter Results AFTER MARKET CLOSE on APRIL 17

Monarch Casino & Resort provides gaming, hotel, and hospitality services in the USA through its Atlantis Casino Resort Spa and Black Hawk Resort Spa. Atlantis Casino Resort Spa has the highest payout rates in Northern Nevada, ensuring robust demand. Monarch has expansion plans for its Nevada unit and aims to target the thriving market in the Denver metropolitan area.

Monarch Casino & Resort: Stable Profitability With Acceptable Margins

Monarch Casino's (MCRI) fourth-quarter top line reflects strong contributions from Casino and food and beverage.

Monarch Casino's (MCRI) Q4 Earnings Miss Estimates, Fall Y/Y

Although the revenue and EPS for Monarch Casino (MCRI) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Monarch Casino (MCRI) Q4 Earnings

Monarch Casino (MCRI) came out with quarterly earnings of $0.93 per share, missing the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $1.14 per share a year ago.

Monarch Casino (MCRI) Lags Q4 Earnings Estimates

RENO, Nev., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch” or “the Company”) today reported operating results for the fourth quarter ended December 31, 2023, as summarized below: ($ in thousands, except per share data and percentages)     Three Months Ended December 31,   Twelve Months Ended December 31,     2023   2022   Change   2023   2022   Change Net revenue   $128,186   $120,536   6.3%   $501,478   $477,870   4.9%                           Net income (1)   $18,202   $22,433   (18.9%)   $82,448   $87,479   (5.8%)                           Adjusted EBITDA (3)   $43,003   $41,588   3.4%   $170,832   $167,085   2.2%                           Basic earnings per share   $0.94   $1.17   (19.7%)   $4.28   $4.60   (7.0%) Diluted earnings per share (2)   $0.93   $1.14   (18.4%)   $4.20   $4.47   (6.0%) (1) Net Income in the fourth quarter of 2023 was impacted by: a) the effective tax rate (28.6% in the fourth quarter of 2023 and 19.5% in the fourth quarter of 2022), which varies based on the amount of the excess tax benefit on stock compensation and drove a $2.9 million decrease in Net income; b) legal and consulting costs related to the ongoing litigation with the Monarch Black Hawk's general contractor which impacted Net income by $2.8 million and $0.8 million, respectively, in the fourth quarter of 2023 and 2022, resulting in $2.0 million decrease in Net income; and c) higher depreciation expense in the fourth quarter of 2023 compared to the fourth quarter of 2022 which resulted in a $1.0 million decrease in Net Income. (2) Diluted EPS in the fourth quarter of 2023 was impacted by: a) the effective tax rate (28.6% in the fourth quarter of 2023 and 19.5% in the fourth quarter of 2022), which varies based on the amount of the excess tax benefit on stock compensation and drove a $0.15 decrease in diluted EPS; b) legal and consulting costs related to the ongoing litigation with the Monarch Black Hawk's general contractor which impacted diluted EPS by $0.14 and $0.04, respectively, in the fourth quarter of 2023 and 2022, resulting in $0.10 decrease in diluted EPS; and c) higher depreciation expense in the fourth quarter of 2023 compared to the fourth quarter of 2022 which resulted in a $0.05 decrease in diluted EPS.

Monarch Casino & Resort Reports 2023 Fourth Quarter Financial Results

Beyond analysts' top -and-bottom-line estimates for Monarch Casino (MCRI), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

Stay Ahead of the Game With Monarch Casino (MCRI) Q4 Earnings: Wall Street's Insights on Key Metrics

RENO, Nev., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ: MCRI) announced today that it will release its 2023 fourth quarter financial results after the market closes on Wednesday, February 14, 2024.

Monarch Casino & Resort to Report 2023 Fourth Quarter Results After Market Close on February 14

Monarch Casino & Resort reports Q3'23 revenues of $132.97mn, a slight YoY decline. MCRI maintains a fourfold investment thesis centered around location advantage, growth opportunities, operations track record, and strong financial profile. The Company is undervalued and positioned for greater share price growth compared to peers due to consumer purchasing power and growth opportunities.

Monarch Casino Will Grow With The Eventual Reversion Of Consumer Spending

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WATSONVILLE, Calif.--(BUSINESS WIRE)-- #freshfood--Procurant, a cloud-based software company transforming the fresh food supply chain, today announced that Monarch Casino & Resort, Inc. (NASDAQ: MCRI), is using Procurant's suite of food safety solutions at resort facilities in Nevada and Colorado. Monarch owns and operates the Atlantis Casino Resort Spa and Monarch Casino Black Hawk. “Procurant's food safety technology has been a game-changer for us, and their team has consistently gone above and beyond.

Procurant Technology Enhances Food Safety and Quality at Atlantis and Monarch Casinos

Monarch Casino's (MCRI) third-quarter performance is affected by competitive pressure in Reno and the macroeconomic environment.

Monarch Casino's (MCRI) Q3 Earnings Miss Estimates, Fall Y/Y

The headline numbers for Monarch Casino (MCRI) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Monarch Casino (MCRI) Reports Q3 Earnings: What Key Metrics Have to Say

Monarch Casino (MCRI) came out with quarterly earnings of $1.38 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.41 per share a year ago.

Monarch Casino (MCRI) Lags Q3 Earnings and Revenue Estimates

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

Monarch Casino & Resort Reports 2023 Third Quarter Financial Results

Monarch Casino & Resort's (MCRI) third-quarter results are likely to reflect robust casino as well as food and beverage growth.

What Awaits Monarch Casino & Resort (MCRI) in Q3 Earnings?

RENO, Nev., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ: MCRI) announced today that it will release its 2023 third quarter financial results after the market closes on Wednesday, October 18, 2023.

Monarch Casino & Resort to Report 2023 Third Quarter Results After Market Close on October 18

Monarch Casino (MCRI) doesn't possess 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 Q3 Results: Wall Street Expects Earnings Growth

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