NASDAQ$MCRI
Monarch Casino & Resort Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Monarch reported record net revenue and Adjusted EBITDA, driven by growth in Black Hawk, Colorado, while Reno was impacted by weather disruptions.
Monarch Casino & Resort reported record first-quarter results, with net revenue reaching $116.6 million and Adjusted EBITDA at $36.5 million. The company's performance was primarily driven by growth in Black Hawk, Colorado, while Reno experienced weather-related challenges.
- Net revenue increased by 7.7% year-over-year to $116.6 million.
- Adjusted EBITDA grew by 6.2% year-over-year to $36.5 million.
- Black Hawk's performance drove healthy consolidated Adjusted EBITDA margin of 31.3%.
- The company paid a one-time cash dividend of $5.00 per share in Q1 and declared a $0.30 per share dividend for Q2.
Headline financials
Revenue & EPS history
Monarch · Revenue · Quarterly
$117M
Forward guidance
Monarch is positioned to evaluate acquisitions and invest in existing properties while returning capital to stockholders.
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 2023
+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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