Mandalay Resort Group ( MBG ) Monday said first-quarter earnings will be well above the consensus view of analysts.

The Las Vegas-based company said it expects EPS to exceed $1.10, compared with the 69 cents a share it earned a year ago. The consensus forecast of analysts is 84 cents a share for the period ending April 30.

Mandalay has "continued to achieve strong momentum in revenue per available room on the Las Vegas Strip, at a double-digit clip similar to recent quarters," the company said in a statement, adding that some hotels were on track for a record quarter.

Mandalay recently reported fourth-quarter net earnings of $22.8 million, or 35 cents a share, more than five times the net income of $4.2 million, or 6 cents a share, it had a year ago, which topped Wall Street expectations by 4 cents a share.

The company releases quarterly results June 3.

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