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What To Expect From Monarch’s (MCRI) Q1 Earnings

StockStory - Tue Apr 16, 2:00AM CDT

MCRI Cover Image

Luxury casino and resort operator Monarch (NASDAQ:MCRI) will be reporting results tomorrow after the bell. Here's what investors should know.

Last quarter Monarch reported revenues of $128.2 million, up 6.3% year on year, beating analyst revenue expectations by 8.2%. It was a mixed quarter for the company, with an impressive beat of analysts' revenue estimates but a miss of analysts' earnings estimates.

Is Monarch buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Monarch's revenue to grow 4.9% year on year to $122.3 million, slowing down from the 7.7% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.96 per share.

Monarch Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates four times over the last two years.

Looking at Monarch's peers in the consumer discretionary segment, some of them have already reported Q1 earnings results, giving us a hint of what we can expect. Nike delivered top-line growth of 0.3% year on year, beating analyst estimates by 1.1% and Carnival reported revenues up 22% year on year, exceeding estimates by 0%. Nike traded up 3% on the results, and Carnival was flat on the results.

Read our full analysis of Nike's results here and Carnival's results here.

There has been a stampede out of high valuation technology stocks and while some of the consumer discretionary stocks have fared somewhat better, they have not been spared, with share price declining 3.4% over the last month. Monarch is up 0.1% during the same time, and is heading into the earnings with analyst price target of $72.5, compared to share price of $70.55.

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