Monarch Casino & Resort: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Monarch Casino & Resort (NASDAQ:MCRI) reported Q4 earnings with an EPS of $0.93, missing estimates by 9.71% against an expected $1.03. Revenue increased by $7.65 million from the previous year. The company's past earnings performance shows a pattern of missing EPS estimates, which previously led to a 5.67% drop in share price the day after the announcement.
February 14, 2024 | 9:15 pm
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Monarch Casino & Resort reported a Q4 EPS of $0.93, missing the $1.03 estimate, with revenue up $7.65M from last year. Historical data shows past misses have negatively impacted share price.
Given MCRI's history of share price decline following earnings misses, the Q4 miss on EPS estimates is likely to have a negative short-term impact on its stock price. The pattern of missing EPS estimates and the subsequent market reaction suggest a potential repeat of the negative trend.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100