NASDAQ$MCRI
Monarch Casino & Resort Inc · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Monarch's financial performance was impacted by the COVID-19 pandemic, with strong results in the first two months offset by mandated shutdowns in March.
Monarch Casino & Resort reported a decrease in net revenue and net income for Q1 2020 due to the temporary closure of its properties in mid-March as a result of the COVID-19 pandemic. The company is focused on preserving liquidity and preparing for reopening.
- Consolidated net revenue decreased by 13.2% compared to the prior year due to property closures in March.
- Net income declined by 71.2% as a result of the operational shutdown.
- Adjusted EBITDA decreased by 40.7% year-over-year.
- The company received limited covenant waivers under its amended credit facility and is in discussions for additional support.
Headline financials
Revenue & EPS history
Monarch · Revenue · Quarterly
$51M
Forward guidance
Monarch is managing through the uncertainty caused by COVID-19 and positioning the business for reopening. The company believes its cash position and modest leverage provide financial flexibility.
Tailwinds
- The company is working diligently to preserve liquidity.
- They are investing in preventative maintenance at both properties.
- Monarch has a solid cash position.
- They have modest leverage.
- The company is preparing its properties for re-opening and a return to normalized operations.
Headwinds
- The states of Colorado and Nevada have not yet provided clear dates or guidelines for the reopening of casinos.
- The COVID-19 outbreak has slowed some efforts on the Monarch Casino Resort Spa Black Hawk construction.
- There is no definitive timeline for the property opening.
- The company faces uncertainty and must properly position its business for when the country’s economy begins to re-open.
- The pandemic has presented serious challenges and setbacks for the entire gaming and hospitality industry.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+1.1%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+5.7%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+19.1%
Q3 2015
Best reaction
-34.0%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +15.8% | +19.3% | +18.3% | |
| Q4 2025 | +2.3% | +7.4% | +5.6% | |
| Q3 2025 | -4.2% | -4.2% | -0.6% | |
| Q2 2025 | -1.3% | -0.6% | +2.3% | |
| Q1 2025 | +2.4% | +1.6% | +7.7% | |
| Q3 2024 | +6.3% | +7.3% | +14.5% | |
| Q2 2024 | +9.4% | +11.6% | +6.1% | |
| Q1 2024 | -5.5% | -3.0% | -4.4% | |
| Q4 2023 | +0.6% | -0.8% | +3.3% | |
| Q3 2023 | -7.4% | -4.2% | +2.8% | |
| Q2 2023 | -5.1% | -4.6% | -10.5% | |
| Q1 2023 | -3.5% | -5.7% | -10.5% | |
| Q4 2022 | +0.1% | -0.5% | -8.4% | |
| Q3 2022 | +15.5% | +21.5% | +33.8% | |
| Q2 2022 | -1.0% | +0.2% | +7.8% | |
| Q1 2022 | -17.4% | -15.8% | -27.2% | |
| Q4 2021 | +10.3% | +7.7% | +16.3% | |
| Q3 2021 | +9.7% | +7.4% | +6.1% | |
| Q2 2021 | +6.8% | +6.2% | +9.4% | |
| Q1 2021 | +9.8% | +7.4% | +4.3% | |
| Q4 2020 | +6.4% | +10.6% | +4.0% | |
| Q3 2020 | +5.0% | +13.5% | +36.8% | |
| Q2 2020 | -0.3% | -0.5% | +24.0% | |
| Q1 2020 | +3.4% | +22.5% | +47.0% | |
| Q4 2019 | -34.0% | -46.4% | -10.8% | |
| Q3 2019 | -0.4% | -0.7% | +5.2% | |
| Q2 2019 | +4.0% | +5.8% | -3.2% | |
| Q1 2019 | -5.9% | -4.7% | -4.0% | |
| Q4 2018 | +2.6% | +2.3% | -1.4% | |
| Q3 2018 | -4.9% | -13.8% | -14.0% | |
| Q2 2018 | +1.0% | +0.1% | +1.3% | |
| Q1 2018 | -0.9% | -1.0% | +4.6% | |
| Q4 2017 | -4.7% | -4.8% | -4.6% | |
| Q3 2017 | +5.4% | +8.4% | +12.8% | |
| Q2 2017 | +14.4% | +13.4% | +14.9% | |
| Q1 2017 | +1.4% | +0.2% | +2.8% | |
| Q4 2016 | +5.7% | +7.9% | +19.2% | |
| Q3 2016 | -0.2% | -2.7% | +7.5% | |
| Q2 2016 | -0.8% | +1.2% | +2.9% | |
| Q1 2016 | -2.0% | — | — | |
| Q4 2015 | +8.4% | — | — | |
| Q3 2015 | +19.1% | — | — | |
| Q2 2015 | +1.9% | — | — | |
| Q1 2015 | +4.8% | — | — | |
| Q4 2014 | +3.8% | — | — | |
| Q3 2014 | +8.4% | — | — | |
| Q2 2014 | -5.6% | — | — | |
| Q1 2014 | +2.4% | — | — | |
| Q4 2013 | +1.9% | — | — | |
| Q3 2013 | -12.8% | — | — | |
| Q2 2013 | +6.5% | — | — | |
| Q1 2013 | +10.8% | — | — | |
| Q4 2012 | -4.1% | — | — | |
| Q3 2012 | +3.9% | — | — | |
| Q2 2012 | -0.8% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q1 2012 | +2.7% | — | — | |
| Q4 2009 | -4.9% | — | — | |
| Q4 2011 | -4.9% | — | — | |
| Q3 2011 | -5.5% | — | — | |
| Q3 2010 | -5.5% | — | — | |
| Q2 2011 | -3.6% | — | — | |
| Q2 2010 | -3.6% | — | — | |
| Q4 2010 | -3.6% | — | — | |
| Q1 2010 | +10.4% | — | — |
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