Examining the Future: Monarch Casino & Resort's Earnings Outlook

Monarch Casino & Resort (NASDAQ:MCRI) will release its quarterly earnings report on Wednesday, 2024-10-23. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Monarch Casino & Resort to report an earnings per share (EPS) of $1.37.

Investors in Monarch Casino & Resort are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Overview of Past Earnings

During the last quarter, the company reported an EPS beat by $0.08, leading to a 11.25% increase in the share price on the subsequent day.

Here's a look at Monarch Casino & Resort's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.11

0.96

1.03

1.44

EPS Actual

1.19

0.93

0.93

1.23

Price Change %

11.0%

-4.0%

-0.0%

-6.0%

Monarch Casino & Resort Share Price Analysis

Shares of Monarch Casino & Resort were trading at $73.83 as of October 21. Over the last 52-week period, shares are up 24.82%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Views on Monarch Casino & Resort

Understanding market sentiments and expectations within the industry is crucial for investors. ...