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StockNews.com
StockNews.com
Business
Shweta Kumari

Monarch Casino & Resort, Inc. (MCRI): A Winning Bet for Investors?

Monarch Casino & Resort, Inc. (MCRI), a casino operator based in Reno, Nevada, unveiled its fiscal fourth-quarter and full-year earnings on February 11, 2025, comfortably above the consensus revenue and EPS estimates. In this piece, we look into the company’s fundamentals to see whether the odds are stacking up in its favor for investors.

In the fourth quarter ended December 31, 2024, MRCI reported a 4.9% year-over-year increase in net revenues, reaching $134.51 million, which was below Wall Street’s expectation of $128.63 million. The casino and hotel revenue increased 6% and 8.3% year-over-year, respectively, while the food and beverage business contributed $32.58 million in revenue.

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