Monarch Casino & Resort Q1 2024 GAAP EPS $0.93 Misses $0.98 Estimate, Sales $121.657M Miss $122.320M Estimate
Portfolio Pulse from Benzinga Newsdesk
Monarch Casino & Resort (MCRI) reported Q1 2024 earnings of $0.93 per share, missing the consensus estimate of $0.98 by 5.1%. Quarterly sales were $121.657M, slightly below the estimate of $122.320M by 0.54%, yet representing a 4.30% increase from the previous year.
April 17, 2024 | 8:32 pm
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NEGATIVE IMPACT
Monarch Casino & Resort reported lower-than-expected Q1 2024 earnings and sales, missing estimates slightly but showing year-over-year growth.
Missing both earnings and sales estimates can negatively impact investor sentiment in the short term, leading to potential downward pressure on MCRI's stock price. However, the year-over-year sales growth indicates underlying business strength, which might mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100