Why MGM Resorts Stock Cratered 14.8% Today
Revenue and earnings both topped expectations for the second quarter of 2024. Investors are worried about weaker demand this year during the F1 race.
Why MGM Resorts Stock Is Tumbling Despite an Earnings Beat
Shares of hotel and casino operator MGM Resorts International (MGM) dropped sharply Thursday after the company's top executive mentioned lackluster bookings for a big Formula 1 race-car event coming to Las Vegas in November.
MGM Resorts' (MGM) Q2 Earnings & Revenues Surpass Estimates
MGM Resorts' (MGM) second-quarter top line reflects strong contributions from MGM China. Also, growth in Las Vegas and a strategic partnership with Marriott added to the positives.
MGM Resorts International (MGM) Q2 2024 Earnings Call Transcript
MGM Resorts International (NYSE:MGM ) Q2 2024 Earnings Conference Call July 31, 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 Conference Call Participants Joseph Greff - JPMorgan Shaun Kelley - Bank of America Carlo Santarelli - Deutsche Bank David Katz - Jefferies Stephen Grambling - Morgan Stanley Brandt Montour - Barclays Daniel Politzer - Wells Fargo Barry Jonas - Truist Securities John DeCree - CBRE Robin Farley - UBS Chad Beynon - Macquarie Steven Wieczynski - Stifel Jordan Bender - Citizens JMP Operator Good afternoon, everyone, and welcome to the MGM Resorts International Second 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; 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 Andrew Chapman, Director of Investor Relations.
MGM (MGM) Reports Q2 Earnings: What Key Metrics Have to Say
The headline numbers for MGM (MGM) give insight into how the company performed in the quarter ended June 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) Beats Q2 Earnings and Revenue Estimates
MGM Resorts (MGM) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.66 per share. This compares to earnings of $0.59 per share a year ago.
MGM Resorts (MGM) Stock Before Q2 Earnings: To Buy or Not to Buy?
MGM Resorts (MGM) second-quarter performance is likely to have gained from strong MGM China performance, omnichannel marketing offerings and development efforts.
MGM (MGM) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
Evaluate the expected performance of MGM (MGM) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
MGM Resorts (MGM) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
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.
Is MGM Resorts International a Buy?
The recovery in Macao significantly boosted gaming revenue. MGM Resorts stock continues to outperform its peers.
MGM Resorts' (MGM) BetMGM Expands Reach in Washington DC
MGM Resorts' (MGM) BetMGM introduces mobile sports betting in Washington, D.C., offering new rewards and exclusive gaming experiences beyond Nationals Park.
6 Investment Firms Just Increased Their Stakes in MGM Resorts Stock. Should You Do the Same?
Through business collaborations, the company has a strong presence in Macao and in U.S. online and mobile gaming. It's also on track to build a splashy new resort in Japan.
