Monarch Casino & Resort Earnings Preview: Get Ahead of the Analysts

Monarch Casino & Resort (NASDAQ:MCRI) will report earnings after markets close on Thursday, April 25th. Monarch Casino & Resort, Inc., through its wholly owned subsidiary, owns and operates the tropically-themed Atlantis Casino Resort in Reno, Nevada. The resort features a casino, a hotel and motor lounge, restaurants, bars, a nightclub, a swimming pool and health club, a gift shop, a family entertainment center, banquet and meeting space, and surface parking spaces.

Here is your Cheat Sheet to Monarch Casino & Resort Earnings:

Earnings Expectations: Analysts expect earnings of $0.16 per share on revenues of $46.30 million. Currently, the company’s P/E ratio stands at 17.71.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.25 to a profit $0.23. For the current year, the average estimate is a profit of $0.8, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Monarch Casino & Resort has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 141.37 133.73 142.03 140.63 170.36
Diluted EPS ($) 0.56 0.30 0.51 0.35 0.55

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 34.01 34.63 45.84 47.86 42.02
Diluted EPS ($) 0.04 0.10 0.11 0.25 0.09

Past Performance:
Monarch Casino & Resort has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]