MGM vs. Las Vegas Sands: Which Casino Stock Is the Better Bet?
Casino and gaming stocks have been in recovery mode since the reopening after being hard hit by the COVID-19 pandemic. It's hard to believe, but the world's largest gaming destination, Macau, was only completely reopened in February of 2023 as China finally relaxed its zero-COVID restrictions after three years.
Down 12%, This Stock Is a Screaming Buy Today
The fundamentals are good for this entertainment company, but the market's reaction to earnings gets the potential wrong.
MGM Resorts' Q3 Earnings Miss Estimates, Revenues Increase Y/Y
MGM's third-quarter top line reflects strong contributions from MGM China, Las Vegas Strip Resorts and Regional operations.
MGM Resorts International (MGM) Q3 2024 Earnings Call Transcript
MGM Resorts International (NYSE:MGM ) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Andrew Chapman - Director of Investor Relations Jonathan Halkyard - Chief Financial Officer William Hornbuckle - Chief Executive Officer and President Gary Fritz - President, MGM Resorts International Interactive Corey Sanders - Chief Operating Officer Hubert Wang - COO and President, MGM China Holdings Kenneth Feng - Executive Director and President of MGM China Holdings Conference Call Participants Joseph Greff - JPMorgan Shaun Kelley - Bank of America Carlo Santarelli - Deutsche Bank David Katz - Jefferies Stephen Grambling - Morgan Stanley Daniel Politzer - Wells Fargo Brandt Montour - Barclays John Decree - CBRE Barry Jonas - Truist Securities Steven Wieczynski - Stifel Chad Beynon - Macquarie Operator Good afternoon, and welcome to the MGM Resorts International Third Quarter 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; Kenneth Feng, Executive Director and President of MGM China Holdings; Hubert Wang, COO and President of MGM China Holdings, and Andrew Chapman, Director of Investor Relations.
MGM (MGM) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for MGM (MGM) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
MGM Resorts (MGM) Q3 Earnings and Revenues Lag Estimates
MGM Resorts (MGM) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.64 per share a year ago.
Unveiling MGM (MGM) Q3 Outlook: Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for MGM (MGM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Analysts Estimate MGM Resorts (MGM) to Report a Decline in Earnings: What to Look Out for
MGM (MGM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
BetMGM wagers that new technology, football can lead to a resurgence
BetMGM is trying to regain market share after losing ground in sports betting and online casino games. It's banking on technology like modeling and predictive AI features, and a digital wallet that allows people to take home what they win in Nevada.
MGM Resorts CEO on Macao's revenue growth
MGM Resorts International CEO Bill Hornbuckle on Tuesday discussed and international growth through MGM Macau.
MGM Resorts International CEO Bill Hornbuckle on international growth and opportunity in sports
Bill Hornbuckle, MGM Resorceots International CEO, joins CNBC's 'Money Movers' to discuss China stimulus plan, the casino industry moving digital, opportunities for MGM in Las Vegas sports, and more.
Will MGM (MGM) Beat Estimates Again in Its Next Earnings Report?
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.
