Monarch Casino & Resort Q2 EPS $1.14 Misses $1.17 Estimate, Sales $123.68M Miss $123.87M Estimate
Portfolio Pulse from vinayak@benzinga.com
Monarch Casino & Resort (NASDAQ:MCRI) reported Q2 earnings of $1.14 per share, missing the analyst consensus estimate of $1.17 by 2.56%. The company also reported quarterly sales of $123.68 million, missing the analyst consensus estimate of $123.87 million by 0.15%. Despite the misses, both earnings and sales show an increase compared to the same period last year.
July 19, 2023 | 8:11 pm
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Monarch Casino & Resort's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term.
Monarch Casino & Resort's Q2 earnings and sales missed analyst estimates. This could lead to a decrease in investor confidence and a potential short-term drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100