Monarch Casino & Resort's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Monarch Casino & Resort (NASDAQ:MCRI) is set to release its latest quarterly earnings report on July 19, 2023. Analysts estimate an earnings per share (EPS) of $1.17. The company's past performance shows a correlation between EPS and share price. Last quarter, the company missed EPS by $0.08, resulting in a 4.81% drop in share price. The stock is currently trading at $72.42, up 19.39% over the last 52-week period.
July 18, 2023 | 4:02 pm
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Monarch Casino & Resort is expected to report an EPS of $1.17. Last quarter, a miss in EPS led to a 4.81% drop in share price. The stock is currently trading at $72.42, up 19.39% over the last 52-week period.
The company's earnings report is a significant event that can impact its stock price. Last quarter, the company missed its EPS estimate, which led to a drop in its share price. If the company meets or exceeds the EPS estimate this quarter, it could positively impact the stock price. However, if it misses the estimate, the stock price could potentially drop.
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