Monarch Casino & Resort reports revenue growth across all segments [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
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Source: Seeking Alpha
The company noted that its Monarch Black Hawk operation continued to ramp up as ongoing revenue growth was converted into margin expansion and double-digit property-level EBITDA growth during the quarter. Overall, revenue grew across all segments and MCRI said it stayed on its market share growth trajectory among the market's mid- and upper-tier players. However, the company said it continues to face staffing challenges, driven by Colorado's low unemployment and competition with the City of Denver wage rates. In Reno, MCRI's Atlantis property was noted to be challenged by the continued growth of California tribal gaming and an extremely competitive promotional environment. The casino operator reported 19% drop in net income to $18.2M and adjusted EPS came in at $0.93 vs. $1.14 a year ago. CEO update: "With a strong balance sheet and no debt, we are favorably positioned to continue investing in our properties and paying cash dividends, and to consider share repurchases under our ex
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MCRI
News
- Monarch Casino & Resort First Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Monarch Casino & Resort (NASDAQ:MCRI) Has Affirmed Its Dividend Of $0.30 [Yahoo! Finance]Yahoo! Finance
- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Just Released Its First-Quarter Earnings: Here's What Analysts Think [Yahoo! Finance]Yahoo! Finance
- 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
MCRI
Earnings
- 4/17/24 - Miss
MCRI
Sec Filings
- 5/7/24 - Form 10-Q
- 5/6/24 - Form 4
- 5/2/24 - Form 144
- MCRI's page on the SEC website