
MCRI Stock Forecast & Price Target
MCRI Analyst Ratings
Bulls say
Monarch Casino & Resort Inc. has demonstrated a positive financial trajectory, with casino revenues increasing by 5% year-over-year, reflecting effective management and a strong market position. The company boasts an improved consolidated gaming flowthrough of 66% and expanded gaming operating margins, which rose by 20 basis points year-over-year, showcasing operational efficiency. Additionally, EBITDA margins exceeded both internal and consensus estimates by 80 and 60 basis points, with an EBITDA of $41 million representing a 3% to 4% outperformance against projections, further solidifying the company's robust financial health.
Bears say
Monarch Casino & Resort Inc is facing significant challenges that could negatively impact its financial outlook, primarily due to uncertain consumer spending and increased competitive pressures in the Reno market. The company is experiencing revenue declines from its Food & Beverage and Hotel Operations segments, attributed to lower available room nights and aggressive promotional behaviors from competitors, along with the adverse effects of inflation on discretionary spending. Additionally, ongoing renovations at its Atlantis property and potential disruptions from weather-related events further exacerbate the headwinds facing the company's performance in both Reno and Black Hawk.
This aggregate rating is based on analysts' research of Monarch Casino & Resort and is not a guaranteed prediction by Public.com or investment advice.
MCRI Analyst Forecast & Price Prediction
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