NASDAQ$MCRI
Monarch Casino & Resort Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Monarch Casino & Resort reported second quarter operating results, showing a decrease in net revenue but positive Adjusted EBITDA due to cost mitigation measures and strong initial reopening performance.
Monarch Casino & Resort reported a significant decrease in net revenue due to property shutdowns but managed to achieve positive Adjusted EBITDA through cost-saving measures and initial reopening performance. The company is progressing with the Monarch Casino Black Hawk expansion, expecting to open parts of the new facilities in Q3 and Q4 2020.
- Second quarter revenue was $15.2 million, a 75.9% decrease year-over-year due to COVID-19 related shutdowns.
- The company generated positive Adjusted EBITDA of $0.5 million due to cost mitigation and strong initial reopening performance.
- June net revenue reached $15.0 million with Adjusted EBITDA of $6.9 million.
- Monarch is continuing construction on the new Monarch Casino Resort Spa Black Hawk, with openings expected in Q3 and Q4 2020.
Headline financials
Revenue & EPS history
Monarch · Revenue · Quarterly
$15.2M
Revenue by segment
Monarch · $7M total across 3 segments · Q2 2020
- Casino$5M-69.9%71.4%
- Food & Beverage$1M-83.3%14.3%
- Hotel$1M-83.3%14.3%
Forward guidance
Monarch anticipates opening the podium and some hotel floors in Q3 2020 and the balance of the hotel tower in Q4 2020.
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 Q2 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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