A Preview Of Monarch Casino & Resort's Earnings
Portfolio Pulse from Benzinga Insights
Monarch Casino & Resort (NASDAQ:MCRI) is scheduled to release its quarterly earnings report on February 14, 2024, with analysts predicting an EPS of $1.03. The company's past earnings performance shows a trend of not meeting EPS estimates, leading to subsequent drops in share price. Shares are currently trading at $70.26, marking a 12.85% decrease over the last 52 weeks. Investors are looking for positive guidance for the next quarter to potentially boost the stock's performance.
February 13, 2024 | 6:01 pm
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Monarch Casino & Resort is expected to announce an EPS of $1.03 in its upcoming earnings report, with a history of not meeting EPS estimates leading to stock price declines. The stock has decreased by 12.85% over the last year.
Given MCRI's history of not meeting EPS estimates and the subsequent negative impact on its stock price, it's likely that any deviation from the expected EPS could lead to a short-term decrease in stock price. The current downward trend in the stock's year-to-date performance further supports a cautious outlook.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100