Yahoo Finance What Are Analysts Saying About The Future Of Monarch Casino & Resort, Inc.’s (NASDAQ:MCRI)?
As Monarch Casino & Resort, Inc. (NASDAQ:MCRI) announced its earnings release on 31 December 2018, analyst forecasts seem in-line with its track record, as upcoming earnings growth is expected to be 17% next year, similar to the range of average earnings growth for the past five years of 17% per year. Presently, with latest-twelve-month earnings at US$34m, we should see this growing to US$40m by 2020. Below is a brief commentary around Monarch Casino & Resort’s earnings outlook going forward, which may give you a sense of market sentiment for the company. For those interested in more of an analysis of the company, you can research its fundamentals here.
View our latest analysis for Monarch Casino & Resort
What can we expect from Monarch Casino & Resort in the longer term?
The longer term view from the 4 analysts covering MCRI is one of positive sentiment. Generally, broker analysts tend to make predictions for up to three years given the lack of visibility beyond this point. To understand the overall trajectory of MCRI’s earnings growth over these next fews years, I’ve fitted a line through these analyst earnings forecast to determine an annual growth rate from the slope.
By 2022, MCRI’s earnings should reach US$63m, from current levels of US$34m, resulting in an annual growth rate of 21%. This leads to an EPS of $3.33 in the final year of projections relative to the current EPS of $1.91. Margins are currently sitting at 14%, which is expected to expand to 17% by 2022.
Next Steps:
Future outlook is only one aspect when you’re building an investment case for a stock. For Monarch Casino & Resort, I’ve put together three fundamental aspects you should look at:
Financial Health: Does it have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk.
Valuation: What is Monarch Casino & Resort worth today? Is the stock undervalued, even when its growth outlook is factored into its intrinsic value? The intrinsic value infographic in our free research report helps visualize whether Monarch Casino & Resort is currently mispriced by the market.
Other High-Growth Alternatives : Are there other high-growth stocks you could be holding instead of Monarch Casino & Resort? Explore our interactive list of stocks with large growth potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
