NASDAQ$MCRI

Monarch Casino & Resort Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Monarch Casino & Resort reported Q4 2020 results with a net revenue of $58.4 million and a net income of $15.3 million.

Monarch Casino & Resort, Inc. reported a decrease in net revenue by 6.0% year-over-year to $58.4 million for the fourth quarter of 2020. Despite challenges from COVID-19 restrictions, the company saw an increase in casino revenue and a significant rise in net income due to a tax benefit. Adjusted EBITDA decreased slightly by 1.7% year-over-year to $13.9 million.

  • Net revenue decreased by 6.0% year-over-year to $58.4 million.
  • Casino revenue increased by 16.4% year-over-year.
  • Net income increased by 146.3% due to a tax benefit.
  • Adjusted EBITDA decreased by 1.7% year-over-year to $13.9 million.

Headline financials

Total Revenue

$58.4M

Previous: $62.1M-6.0%
EPS (adj)

$0.80

Previous: $0.40+100.0%
Capital Expenditures

$58.4M

Previous: $19M+207.2%
Free Cash Flow

-$46.3M

Previous: -$3.75M-1135.5%
Net Income

$15.3M

Previous: $6.2M+146.8%
Operating Income

$0.00

No prior period
Gross Profit

$31.3M

Previous: $31.4M-0.5%
Cash & Equivalents

$28.3M

Previous: $60.5M-53.2%
Total Assets

$672M

Previous: $611M+10.0%
Stock-Based Comp

$1.1M

Previous: $2.31M-52.2%

Revenue & EPS history

Monarch · Revenue · Quarterly

$58.4M

Q4 2020-6%vs Q4 2019
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Forward guidance

Monarch expects the cash position in the coming quarters to be impacted by construction retention payments related to the Monarch Black Hawk Expansion project and by the expected tax benefit.

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 Q4 2020

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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