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
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 surprise.
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 +47% jump.
Multimedia Game develops video lottery systems, sweepstakes markets
and other products for domestic and international markets, as well
as promotional and coupon gaming systems.
MULTIMEDIA GAME (MGAM): Free Stock Analysis
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