Monarch Casino & Resort, Inc. (MCRI, Financial) has reported impressive financial results for the first quarter. The company's revenue reached $125.39 million, surpassing analysts' expectations of $122.7 million and marking a 3.1% increase year-over-year, setting a new first-quarter record.
Alongside the revenue boost, Monarch also saw a remarkable rise in its Adjusted EBITDA, which increased by 6.7% from the same period last year, reaching $41.1 million. This growth coincides with an improvement in the company's operating margin, which climbed by 110 basis points to 32.8%, another record for the first quarter.
Monarch attributed its financial success to effective operational strategies that have driven sustained growth. The company remains committed to integrating innovative technologies and processes to enhance both operational efficiencies and guest experiences across its properties.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Monarch Casino & Resort Inc (MCRI, Financial) is $91.80 with a high estimate of $105.00 and a low estimate of $82.00. The average target implies an upside of 20.74% from the current price of $76.03. More detailed estimate data can be found on the Monarch Casino & Resort Inc (MCRI) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Monarch Casino & Resort Inc's (MCRI, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Monarch Casino & Resort Inc (MCRI, Financial) in one year is $81.59, suggesting a upside of 7.31% from the current price of $76.03. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Monarch Casino & Resort Inc (MCRI) Summary page.
