Monarch Casino & Resort: A Lock Demographic Play For Any Gaming Portfolio Now [Seeking Alpha]
Monarch Casino & Resort, Inc. (MCRI)
Last monarch casino & resort, inc. earnings: 4/22 04:03 pm
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US:NASDAQ Investor Relations:
monarchblackhawk.com
Company Research
Source: Seeking Alpha
SummaryWe have guided bullish on MCRI for over 4 years beginning with our SA call on November 22, 2016 when the stock was $24.In five follow-up articles since, we've guided strong BUY as stock has moved to $57.40 at writing.There's more ramp ahead as the strategic focus on population positive states continues with opening of first rooms at Monarch Black Hawk.Since my first bullish scenario on Monarch Casino & Resort (YChartsThird Quarter Financial results: A top line takeResults for the nine months ended September 30Clearly what we see here is the resilience of the MCRI business model that has already begun its early recovery in Q3 along with most of the regional casino sector. Gaming revenue was up, and more critically, EBITDA margins racked up 34.5% and produced a record Adj. EBITDA OF $20.7M. The takeaway here shows that judicious cost management in the light of the pandemic crisis and imposition of health protocols produced revenue recovery in 3Q20. SG&A expense decreased to 26.5%
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MCRI
News
- Should You Think About Buying Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Now? [Yahoo! Finance]Yahoo! Finance
- Monarch Casino & Resort, Inc. (NASDAQ: MCRI) had its price target raised by analysts at Macquarie from $75.00 to $76.00. They now have a "neutral" rating on the stock.MarketBeat
- Monarch Casino's (MCRI) Q1 Earnings & Revenues Lag Estimates [Yahoo! Finance]Yahoo! Finance
- Compared to Estimates, Monarch Casino (MCRI) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- Monarch Casino (MCRI) Q1 Earnings and Revenues Lag Estimates [Yahoo! Finance]Yahoo! Finance
MCRI
Earnings
- 4/17/24 - Miss
MCRI
Sec Filings
- 4/17/24 - Form 8-K
- 4/10/24 - Form DEF
- 4/10/24 - Form DEFA14A
- MCRI's page on the SEC website