Monarch Casino Awaits Third-Quarter Results After $1.86-a-Share Earnings Forecast
Key Facts
Markets are awaiting Monarch Casino & Resort’s third-quarter 2026 results after Tuesday’s market close, October 27, in line with the date announced by the company on October 7. Ahead of the release, Wall Street analysts forecast earnings per share of $1.86 and revenue of $148 million for the quarter ended in September, according to Investing.com. However, the actual results could not be verified on the company’s open page or the open Seeking Alpha page. It therefore cannot be confirmed whether the company met or missed expectations. An earlier version of the article reported actual figures and gaps versus estimates, but those figures were not confirmed by an available official announcement.
Second-quarter results provide a recent benchmark ahead of the new report. Monarch then posted earnings per share of $1.78 and revenue of $142.6 million, according to Investing.com. In its official announcement, the company reported quarterly revenue of $142.597 million, compared with $136.914 million in the same period a year earlier, an annual increase of 4.2%. Net income was $32.523 million, compared with $27.008 million a year earlier, up 20.4%. These figures show the company’s second-quarter performance, but do not establish the third-quarter result or indicate whether analysts’ forecasts were met.
By business segment, hotel revenue rose 13.0% in the second quarter from the same period a year earlier, food and beverage revenue increased 3.1%, and casino revenue grew 2.5%, according to the company’s statement. Monarch attributed the increase in hotel and food and beverage revenue to a higher number of rooms available at the Atlantis resort during the quarter, alongside growth in convention and group business. Chief Executive John Farahi said growth in casino, food and beverage, and hotel revenue contributed to a 4.2% year-over-year increase in quarterly revenue. He added that adjusted earnings before interest, taxes, depreciation and amortization rose 3.3% from the same quarter a year earlier. These indicators provide context on the sources of second-quarter growth, without revealing on their own how those businesses performed in the third quarter.
The company owns and operates Atlantis Casino Resort Spa in Reno, Nevada, and Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado, according to its statement. Second-quarter data link the increase in available rooms and the expansion of convention and group business to growth in hotel and food and beverage revenue. Third-quarter forecasts published ahead of the announcement put earnings per share at $1.86 and revenue at $148 million, compared with second-quarter results of $1.78 a share and $142.6 million in revenue. The company’s open official page does not include a third-quarter results announcement; it shows the second-quarter results announcement dated July 20, 2026. Third-quarter results are scheduled for release after the market closes on October 27, according to the date announced by the company.