MCRI News and Press, Monarch Casino & Resort Inc. From 07/20/22

Monarch Casino & Resort press release ( NASDAQ: MCRI ): Q2 GAAP EPS of $0.99 misses by $0.07 . Revenue of $115.29M (+17.7% Y/Y) misses by $0.27M . Company generated second quarter 2022 consolidated Adjusted EBITDA of $39.5 million, an increase of $4.3 mil...

RENO, Nev., July 20, 2022 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch,” “we,” “our,” or “the Company”) today reported operating results for the second quarter ended June 30, 2022, as summarized below:...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips If you’re looking for the best casino stocks to buy now, inflation hasn’t been good for many of them. The VanEck Gaming ETF (NYSEARCA: BJK ) is down more than 23% in 2022, about 400 basis points worse...

Investors bid down travel and leisure stocks once again as recession fears continue to weigh on the outlook for the back half of the year and 2023. With the second quarter earnings season set to start in a few weeks, anxiety has increased that guidance updates will disappoint. Selli...

Casino REITs have been among the best-performing property sectors this year as the positive tailwinds from the leisure demand recovery have offset inflation headwinds and economic growth concerns. Despite their ultra-long-term triple net lease structures, casino REITs are better prote...

We have been guiding buy on MCRI since 2016 when it traded at $24.19. Our core conviction remains: this is a management-skin-in-the-game stock guided by a record of smart decision-making. MCRI has beaten earnings and revenue estimates more than most and will accelerate when pandem...

CZR has many tailwinds working in its favor with increases in travel, relaxation of Covid-19 mandates, and continued expansion of room capacity. Casino/Resort companies generally performed better than expected during the Great Recession. When compared to industry averages and dire...

Does it take one to know one? Hedging analysis highlights the “Vegas Crowd” as high-risk stocks to own in this current eroding market. But there’s always one standout – this time it’s Monarch Casino. At Broad&Wall the odds have been winne...

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Jefferies cut its rating on Monarch Casino & Resort (NASDAQ:MCRI) to Hold from Buy in a call tied to valuation following the strong year-to-date rally. Analyst David Katz said a comparative valuation level on MCRI of >10X EBITDA is pricing in growth appropriately and early signs of eco...