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Compared to Estimates, Monarch Casino (MCRI) Q2 Earnings: A Look at Key Metrics
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Monarch Casino (MCRI - Free Report) reported $123.68 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 7.3%. EPS of $1.14 for the same period compares to $1.11 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $123.57 million, representing a surprise of +0.10%. The company delivered an EPS surprise of -3.39%, with the consensus EPS estimate being $1.18.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Monarch Casino performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Other: $5.21 million versus the three-analyst average estimate of $4.73 million. The reported number represents a year-over-year change of +11.6%.
Revenues- Hotel: $18.09 million versus the three-analyst average estimate of $18.63 million. The reported number represents a year-over-year change of -1.1%.
Revenues- Food and beverage: $31.53 million versus the three-analyst average estimate of $29.83 million. The reported number represents a year-over-year change of +10.8%.
Revenues- Casino: $68.86 million versus the three-analyst average estimate of $70.37 million. The reported number represents a year-over-year change of +7.8%.
Shares of Monarch Casino have returned +4.4% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Monarch Casino (MCRI) Q2 Earnings: A Look at Key Metrics
Monarch Casino (MCRI - Free Report) reported $123.68 million in revenue for the quarter ended June 2023, representing a year-over-year increase of 7.3%. EPS of $1.14 for the same period compares to $1.11 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $123.57 million, representing a surprise of +0.10%. The company delivered an EPS surprise of -3.39%, with the consensus EPS estimate being $1.18.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Monarch Casino performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Other: $5.21 million versus the three-analyst average estimate of $4.73 million. The reported number represents a year-over-year change of +11.6%.
- Revenues- Hotel: $18.09 million versus the three-analyst average estimate of $18.63 million. The reported number represents a year-over-year change of -1.1%.
- Revenues- Food and beverage: $31.53 million versus the three-analyst average estimate of $29.83 million. The reported number represents a year-over-year change of +10.8%.
- Revenues- Casino: $68.86 million versus the three-analyst average estimate of $70.37 million. The reported number represents a year-over-year change of +7.8%.
View all Key Company Metrics for Monarch Casino here>>>Shares of Monarch Casino have returned +4.4% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.