Monarch (MCRI) To Report Earnings Tomorrow: Here Is What To Expect

Luxury casino and resort operator Monarch (NASDAQ:MCRI) will be reporting results this Tuesday after market close. Here’s what to expect.

Monarch met analysts’ revenue expectations last quarter, reporting revenues of $140 million, up 4.1% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a miss of analysts’ adjusted operating income estimates.

Is Monarch a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Monarch’s revenue to grow 3.5% year on year, in line with the 3.1% increase it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Monarch has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Monarch’s peers in the consumer discretionary segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Levi's delivered year-on-year revenue growth of 14.1%, beating analysts’ expectations by 5.6%, and Nike reported flat revenue, in line with consensus estimates. Levi's traded up 10.7% following the results while Nike was down 15.5%.

Read our full analysis of Levi’s results here and Nike’s results here.

There has been positive sentiment among investors in the consumer discretionary segment, with share prices up 11.8% on average over the last month. Monarch is up 1.2% during the same time and is heading into earnings with an average analyst price target of $107.67 (compared to the current share price of $100.01).

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