Will James Bond finally return to action? The prospect for a new film in the long-running spy thriller series increased dramatically on Thursday with the announcement that Amazon MGM Studios had reached a new 007 deal.
MGM Resorts (MGM -1.39%) isn't a high-growth company, but it is a great value stock with improving markets in Macao and online gaming. Travis Hoium shows why the value and the company's buybacks are most compelling to investors today.
Major U.S. equities indexes moved higher as President Donald Trump signed an executive order instructing his administration to investigate reciprocal tariffs but stopped short of immediately imposing the taxes.
MGM's fourth-quarter top line reflects strong contributions from MGM China and regional operations.
MGM Resorts International (NYSE:MGM ) Q4 2024 Earnings Conference Call February 12, 2025 5:00 PM ET Company Participants Howard Wang - VP of IR Bill Hornbuckle - CEO and President Jonathan Halkyard - CFO and Treasurer Gary Fritz - President, MGM Interactive Corey Sanders - COO Kenneth Feng - Executive Director and President, MGM China Holdings Conference Call Participants Shaun Kelley - Bank of America Carlo Santarelli - Deutsche Bank Brandt Montour - Barclays David Katz - Jefferies Barry Jonas - Truist Securities John DeCree - CBRE Stephen Grambling - Morgan Stanley Dan Politzer - Wells Fargo Robin Farley - UBS Chad Beynon - Macquarie Operator Good afternoon, and welcome to the MGM Resorts International Fourth Quarter and Full Year 2024 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; Hubert Wang, COO and President of MGM China Holdings; and Howard Wang, Vice President of Investor Relations.
The headline numbers for MGM (MGM) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
MGM Resorts (MGM) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $1.06 per share a year ago.
MGM Resorts International (MGM 0.29%), a leading global hospitality and entertainment company, released its fourth-quarter results on Feb. 12. Significantly, its adjusted EPS came in at $0.45, surpassing expectations of $0.32, as revenues of $4.35 billion exceeded the expected $4.27 billion.
Besides Wall Street's top -and-bottom-line estimates for MGM (MGM), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
MGM's Q4 2024 performance is likely to have benefited from strategic customer pricing initiatives, omnichannel strategy and Marriott Bonvoy collaboration.
MGM Resorts International's stock is stable between $33.23 and $46.60, supported by strong revenue, EBITDA, and a value P/E of 10.63. Global expansion includes a $8 billion Japan project, financed by cheaper debt, showcasing a solid financial profile. BetMGM holds an 11% share in the U.S. sports betting market, trailing FanDuel (35%) and DraftKings (32%).
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