MGM (MGM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MGM (MGM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
Total gaming revenue in Macau climbs 19% in June from a year earlier.
Despite a positive update from BetMGM and aggressive stock buybacks, MGM Resorts stock (NYSE: MGM) appears to be a value trap rather than a value opportunity. MGM stock has seen a slight decline year-to-date, while the S&P 500 has increased by approximately 3%.
BetMGM CEO Adam Greenblatt discusses transactions during the NBA finals on 'The Claman Countdown.' #foxbusiness #usnews #sports #sportsbetting #nba
It's been a mostly bullish earnings season for casino stocks with names like MGM Resorts International NYSE: MGM and Las Vegas Sands Corp. NYSE: LVS having posted solid earnings. But the third time wasn't a charm for Bally's Corp. NYSE: BALY.
MGM operates some of the top resorts in the U.S., which have maintained occupancy rates above 90% over the past few years. Despite short-term macro headwinds, I think the long-term outlook remains positive for Las Vegas, iGaming, and sports betting. MGM is well-positioned to benefit from the overall growth, and many of the current risks can be mitigated by extending the investment time horizon.
MGM starts game changer mega casino in Osaka to debut in 2030. Estimates $5B in EBITDA. Casino projects will soar in scale with new demands by governments.
MGM's first-quarter top line reflects soft contributions from MGM China, Las Vegas Strip Resorts and regional operations.
MGM Resorts International (NYSE:MGM ) Q1 2025 Earnings Conference Call April 30, 2025 5:00 PM ET Company Participants Howard Wang - VP of IR Bill Hornbuckle - CEO and President Jonathan Halkyard - CFO and Treasurer Corey Sanders - COO Conference Call Participants Brandt Montour - Barclays Carlo Santarelli - Deutsche Bank David Katz - Jefferies Shaun Kelley - Bank of America Stephen Grambling - Morgan Stanley John DeCree - CBRE Barry Jonas - Truist Securities Chad Beynon - Macquarie Operator Good afternoon, and welcome to the MGM Resorts International First Quarter 2025 Earnings Conference Call. Joining the call from the company today are Bill Hornbuckle, Chief Executive Officer and President; Corey Sanders, Chief Operating Officer; Jonathan Halkyard, Chief Financial Officer and Treasurer; Gary Fritz, President of MGM Interactive; Kenneth Feng, Executive Director and President of MGM China Holdings; and Howard Wang, Vice President, Investor Relations.
Although the revenue and EPS for MGM (MGM) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.