Core Insights - Monarch Casino (MCRI) reported revenue of $134.51 million for Q4 2024, marking a year-over-year increase of 4.9% and exceeding the Zacks Consensus Estimate by 4.27% [1] - The company's EPS for the same quarter was $1.36, up from $0.93 a year ago, representing an EPS surprise of 18.26% compared to the consensus estimate of $1.15 [1] Revenue Breakdown - Other Revenues: $6.63 million, exceeding the three-analyst average estimate of $5.53 million, with a year-over-year change of +13.5% [4] - Hotel Revenues: $18.21 million, surpassing the three-analyst average estimate of $17.40 million, reflecting a year-over-year increase of +8.3% [4] - Food and Beverage Revenues: $32.58 million, slightly above the estimated $31.83 million, but showing a year-over-year decline of -0.7% [4] - Casino Revenues: $77.09 million, exceeding the average estimate of $74.27 million, with a year-over-year increase of +6% [4] Stock Performance - Shares of Monarch Casino have returned +8.2% over the past month, outperforming the Zacks S&P 500 composite's +4.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Company Performance - Monarch Casino reported quarterly earnings of $1.36 per share, exceeding the Zacks Consensus Estimate of $1.15 per share, and up from $0.93 per share a year ago, representing an earnings surprise of 18.26% [1] - The company posted revenues of $134.51 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 4.27%, compared to $128.19 million in the same quarter last year [2] - Over the last four quarters, Monarch Casino has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] Stock Performance - Monarch Casino shares have increased approximately 8.3% since the beginning of the year, outperforming the S&P 500's gain of 3.1% [3] - The current consensus EPS estimate for the upcoming quarter is $1.05 on revenues of $123.8 million, and for the current fiscal year, it is $5.01 on revenues of $526.8 million [7] Industry Outlook - The Gaming industry, to which Monarch Casino belongs, is currently ranked in the top 17% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]

Financial Performance - Fourth quarter net revenue reached $134.5 million, a 4.9% increase from $128.2 million in Q4 2023[1] - Net income for the fourth quarter increased by 40.1% to $25.5 million, compared to $18.2 million in the same period last year[1] - Adjusted EBITDA for Q4 2024 was $47.3 million, reflecting a 9.9% increase from $43.0 million in Q4 2023[1] - Basic earnings per share rose to $1.39, a 47.9% increase from $0.94 in Q4 2023[1] - Net income for Q4 2024 was $25,495,000, an increase of 40.5% compared to $18,202,000 in Q4 2023[23] - Adjusted EBITDA for Q4 2024 reached $47,280,000, up 9.6% from $43,003,000 in Q4 2023[23] - Basic earnings per share for Q4 2024 was $1.39, compared to $0.94 in Q4 2023, reflecting a 47.8% increase[23] - Diluted earnings per share for the full year 2024 was $4.96, up from $4.20 in 2023, an increase of 18.1%[23] Revenue Breakdown - Casino revenue increased by 6.0% to $77.1 million in Q4 2024, while hotel revenue grew by 8.3% to $18.2 million[5] Expenses and Costs - Selling, general and administrative expenses decreased to $27.8 million, down from $28.7 million in Q4 2023, representing 20.7% of net revenue[6] - The company reported stock-based compensation expenses of $2,275,000 for Q4 2024, slightly down from $2,580,000 in Q4 2023[23] Capital Expenditures - Capital expenditures in Q4 2024 totaled $10.7 million, funded from operating cash flow, primarily for hotel room upgrades[8] Shareholder Returns - The company declared a cash dividend of $0.30 per share, payable on March 15, 2025, as part of an annual dividend of $1.20 per share[10] Strategic Initiatives - Monarch is evaluating potential M&A transactions to drive long-term value for shareholders[9] - The company anticipates completing the final phase of hotel room renovations at Atlantis by the second quarter of 2025[4] Asset and Equity Growth - Total current assets increased to $90,422,000 in 2024 from $74,966,000 in 2023, reflecting a growth of 20.5%[21] - Cash and cash equivalents rose to $58,760,000 in 2024, compared to $43,361,000 in 2023, marking a 35.5% increase[21] - Total assets grew to $691,583,000 in 2024, up from $680,873,000 in 2023, indicating a 1.0% increase[22] - Stockholders' equity increased to $539,032,000 in 2024 from $513,140,000 in 2023, representing a growth of 5.1%[22] - Total liabilities decreased to $152,551,000 in 2024 from $167,733,000 in 2023, a reduction of 9.0%[22]

Declares Cash Dividend of $0.30 per Share Payable on March 15, 2025RENO, Nev., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch” or “the Company”) today reported operating results for the fourth quarter and full year ended December 31, 2024, as summarized below: ($ in thousands, except per share data and percentages) Three Months Ended December 31, Twelve Months Ended December 31, 2024 2023 Change 2024 2023 <td colspan="2" style="border-top: solid black 1pt ...

RENO, Nev., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) announced today that it will release its 2024 fourth quarter financial results after the market closes on Tuesday, February 11, 2025. About Monarch Casino & Resort, Inc.Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Monarch Casino Resort Spa ("Monarch Black Hawk") in Black Hawk, Colorado, approximately 40 miles west of Denver and the Atlantis Casino Resort Spa ("Atlantis"), a hotel/casin ...

RENO, Nev., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ: MCRI) announced today that it will release its 2024 fourth quarter financial results after the market closes on Tuesday, February 11, 2025. About Monarch Casino & Resort, Inc.Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Monarch Casino Resort Spa ("Monarch Black Hawk") in Black Hawk, Colorado, approximately 40 miles west of Denver and the Atlantis Casino Resort Spa ("Atlantis"), a hotel/casi ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Monarch Casino (MCRI) , which belongs to the Zacks Gaming industry.When looking at the last two reports, this casino operator has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 7.25%, on average, in the last two quarters.For the most recent quarter, Monarch Casino was expected to post earnings of $1.37 per share ...

For the quarter ended September 2024, Monarch Casino (MCRI) reported revenue of $137.87 million, up 3.7% over the same period last year. EPS came in at $1.47, compared to $1.38 in the year-ago quarter.The reported revenue represents a surprise of +2.51% over the Zacks Consensus Estimate of $134.5 million. With the consensus EPS estimate being $1.37, the EPS surprise was +7.30%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

Monarch Casino (MCRI) came out with quarterly earnings of $1.47 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.30%. A quarter ago, it was expected that this casino operator would post earnings of $1.11 per share when it actually produced earnings of $1.19, delivering a surprise of 7.21%.Over the last four quarters, the com ...

EXHIBIT 99.1 Monarch Casino & Resort Reports Record Third Quarter 2024 Net Revenue and Net Income Declares Cash Dividend of $0.30 per Share Payable on December 15, 2024 RENO, Nev., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) ("Monarch" or "the Company") today reported operating results for the third quarter ended September 30, 2024, as summarized below: ($ in thousands, except per share data and percentages) | --- | --- | --- | --- | --- | --- | --- | |-------------------- ...