Monarch Casino (MCRI) Beats Q4 Earnings and Revenue Estimates

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]