Analysts on Wall Street project that Monarch Casino (MCRI) will announce quarterly earnings of $1.22 per share in its forthcoming report, representing an increase of 2.5% year over year. Revenues are projected to reach $130.37 million, increasing 1.7% from the same quarter last year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some Monarch Casino metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Revenues- Other' should arrive at $5.37 million. The estimate points to a change of -4% from the year-ago quarter.
Analysts predict that the 'Revenues- Hotel' will reach $18.40 million. The estimate points to a change of -6.8% from the year-ago quarter.
The consensus among analysts is that 'Revenues- Food and beverage' will reach $32.20 million. The estimate indicates a year-over-year change of +1.1%.
Analysts forecast 'Revenues- Casino' to reach $74.47 million. The estimate indicates a year-over-year change of +4.9%.
View all Key Company Metrics for Monarch Casino here>>>
Shares of Monarch Casino have experienced a change of +5.6% in the past month compared to the +4.1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), MCRI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Monarch Casino & Resort, Inc. (MCRI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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