Monarch Casino & Resort Q4 2023 GAAP EPS $0.93 Misses $1.07 Estimate, Sales $128.19M Beat $118.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Monarch Casino & Resort (MCRI) reported Q4 2023 earnings of $0.93 per share, missing the consensus estimate of $1.07. However, their quarterly sales of $128.19M exceeded the estimate of $118.67M, marking a 6.35% increase from the previous year.

February 14, 2024 | 9:14 pm
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Monarch Casino & Resort's Q4 earnings missed EPS estimates but beat revenue forecasts, showing a 6.35% YOY sales increase.
The miss in EPS estimates could negatively impact investor sentiment in the short term, but the beat on revenue forecasts and the year-over-year sales growth might offset this negative impact. Given the mixed results, the short-term impact on MCRI's stock price is likely to be neutral as investors weigh the earnings miss against the revenue beat.
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