Monarch Casino & Resort First Quarter 2024 Earnings: EPS Misses Expectations

Monarch Casino & Resort (NASDAQ:MCRI) First Quarter 2024 Results

Key Financial Results

• Revenue: US$121.7m (up 4.3% from 1Q 2023).
• Net income: US$18.3m (up 3.4% from 1Q 2023).
• Profit margin: 15% (in line with 1Q 2023).
• EPS: US$0.95 (up from US$0.92 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Monarch Casino & Resort EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.4%.

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are down 7.9% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Monarch Casino & Resort you should know about.

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