Monarch Casino & Resort Inc (NASDAQ: MCRI) has reported earnings for its first fiscal quarter (ending March 31) of $0.95 versus $0.92 for the same period a year ago. E.P.S. were $4.31 for the latest four quarters through March 31 versus $4.56 for the same period a year ago.
Recent Price Action
On 4/17/24, Monarch Casino & Resort Inc (NASDAQ: MCRI) stock declined modestly by -1.2%, closing at $69.57. However, below average trading volume at 82% of normal accompanied the decline. The stock has declined -4.9% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
MCRI is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Monarch Casino & Resort has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Monarch Casino & Resort has a slightly negative Appreciation Score of 31 and a neutral Power Rating of 51, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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