Zacks Industry Rank Analysis Highlights: Monarch Casino and Multimedia Game
CHICAGO, May 9, 2013
CHICAGO, May 9, 2013 /PRNewswire/ --Stocks featured in this week's Zacks
Industry Rank analysis include Monarch Casino (Nasdaq:MCRI) and Multimedia
(Logo: Photo - http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)
Zacks Industry Rank Analysis is written by John Blank, PhD, Chief Equity
Last week, the gaming industry wasn't attracting much attention at #182 on the
Zack's Industry Rank list. Warm-weather travel plans and increases in
discretionary spending, however, are giving many dealers a nice hand.
This week, the Gaming Industry has a Zacks Industry Rank of #75.
Within the Gaming Industry of 29 companies, there have been 72 recent positive
revisions to annual earnings estimates compared to 21 negative revisions.
Positive estimate revisions have been averaging +13%. While there are downward
earnings surprises, the sector as a whole is reflecting a trend and a few
choice players in the game should be watched.
The Gaming Industry benefits from consumer confidence and vacation planning.
We've also seen positive movement in related industries, such as Leisure and
Recreational Services (Zacks Industry Rank #9).
Given the positive market sentiment lately, there are reliable indicators that
this trend will continue and encourage future positive earnings estimate
revisions. More favorable analysis of the sector is a likely outcome.
Sizeable upward Zacks Rank company movement within a group, changing from a
Hold to either a Buy or Strong Buy rank is vital. Recent positive estimate
activity can be used to the advantage of the informed investor. Glance over
the brief descriptions of our two recent earnings surprise candidates. Each
was selected based on its current Zacks Rank #1 and the size of recent
positive earnings surprises.
Play your cards right, and you may have some earnings surprises of your own.
Monarch Casino (Nasdaq:MCRI)
MCRI is a Zacks Rank #1 (Strong Buy). It moved up from Zacks Rank #4 (Sell)
just last week. This company reports quarterly earnings on July 25, 2013.
Monarch Casino & Resort, Inc., through its wholly-owned subsidiary Golden Road
Motor Inn, Inc., owns and operates the tropically-themed Atlantis Casino
Resort in Reno, Nevada. This casino reported a recent +52% Q1 earnings
Multimedia Game (Nasdaq:MGAM)
MGAM is a Zacks Rank #1 (Strong Buy). It was raised to its #1 rating within
the last week. It reports earnings on August 6, 2013.
This developer and supplier of systems, content, electronic games and player
terminals for the Native American gaming market surprised on its Q1 EPS with a
Multimedia Game develops video lottery systems, sweepstakes markets and other
products for domestic and international markets, as well as promotional and
coupon gaming systems.
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