NASDAQ$MCRI
Monarch Casino & Resort Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Monarch reported record financial results benefiting from pandemic recovery, economic and population growth, and the removal of betting limits.
Monarch Casino & Resort reported record operating results for the third quarter ended September 30, 2021. Net revenue and Adjusted EBITDA reached all-time highs, with each property generating record net revenue and Adjusted EBITDA. The company also achieved a record Adjusted EBITDA margin.
- Net revenue reached $111.6 million, an increase of 86.5% year-over-year.
- Adjusted EBITDA was $40.3 million, an increase of 94.9% year-over-year.
- The company's Black Hawk operations are ramping up with the legacy facility transformation nearing completion.
- Atlantis results were negatively impacted by California fires and the reinstatement of mask mandates.
Headline financials
Revenue & EPS history
Monarch · Revenue · Quarterly
$112M
Forward guidance
With the Monarch Black Hawk construction project nearing completion, the company is evaluating acquisition opportunities to leverage its development expertise and operational excellence.
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 Q3 2021
+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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