Melco Resorts & Entertainment Ltd. - American Depositary Receipt (MLCO)
Melco Resorts (MLCO) Q3 Earnings and Revenues Miss Estimates
Melco Resorts (MLCO) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.09 per share. This compares to loss of $0.03 per share a year ago.
Should Value Investors Buy Melco Resorts & Entertainment Limited (MLCO) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Wall Street Analysts Predict a 30.89% Upside in Melco (MLCO): Here's What You Should Know
The average of price targets set by Wall Street analysts indicates a potential upside of 30.9% in Melco (MLCO). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Are Investors Undervaluing Melco Resorts & Entertainment Limited (MLCO) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Melco Resorts Has Been Left Financially Distressed
Melco Resorts & Entertainment has faced significant challenges in past years from China's response to COVID, as tourism in Macau has suffered greatly. While Macau's tourism has recovered and the Chinese economy looks to gain from stimulus measures, remaining strict VIP casino guidelines continue to pressure the overall performance. Melco's relatively low margin level and high debt leverage risks to investors, and pose a major risk. Melco's real estate holdings should still provide a good safety net.
Melco Resorts Stock's Big Boost From China's Stimulus Plans
China will provide "necessary fiscal spending" to kick-start a sluggish economy. The stock market in China has struggled recently, and this news brought it back to life.
Melco (MLCO) Q2 Earnings & Revenues Miss Estimates, Rise Y/Y
Melco's (MLCO) second-quarter 2024 results reflect improved performance in the mass market segment and non-gaming operations. Yet, high costs and expenses partially mar prospects.
Melco Resorts & Entertainment Limited (MLCO) Q2 2024 Earnings Call Transcript
Melco Resorts & Entertainment Limited (NASDAQ:MLCO ) Q2 2024 Earnings Conference Call August 13, 2024 8:30 AM ET Company Participants Jeanny Kim - Senior Vice President, Group Treasurer Evan Winkler - President Lawrence Ho - Chairman and CEO Geoff Davis - EVP and CFO Conference Call Participants George Choi - Citi Ricardo Chinchilla - Deutsche Bank John DeCree - CBRE Praveen Choudhary - Morgan Stanley Operator Ladies and gentlemen, thank you for participating in the Second Quarter 2024 Earnings Conference Call of Melco Resorts and Entertainment Limited. At this time, all participants are in listen-only mode.
Compared to Estimates, Melco (MLCO) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Melco (MLCO) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Melco Resorts (MLCO) Q2 Earnings and Revenues Lag Estimates
Melco Resorts (MLCO) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.02 per share a year ago.
Unveiling Melco (MLCO) Q2 Outlook: Wall Street Estimates for Key Metrics
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Melco (MLCO), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
Melco Resorts (MLCO) Earnings Expected to Grow: Should You Buy?
Melco (MLCO) 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.
