MGM Resorts' Q4 Earnings & Revenues Beat Estimates, Stock Rises
MGM's fourth-quarter top line reflects strong contributions from MGM China and regional operations.
MGM Resorts International (MGM) Q4 2024 Earnings Call Transcript
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.
Compared to Estimates, MGM (MGM) Q4 Earnings: A Look at Key Metrics
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) Surpasses Q4 Earnings and Revenue Estimates
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' Q4 EPS Outpaces Estimates
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.
Countdown to MGM (MGM) Q4 Earnings: Wall Street Forecasts for Key Metrics
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 Resorts to Post Q4 Earnings: What's in the Cards for the Stock?
MGM's Q4 2024 performance is likely to have benefited from strategic customer pricing initiatives, omnichannel strategy and Marriott Bonvoy collaboration.
MGM Resorts: Undervalued Too Long, It Needs To Spin Off Its Digital Unit To Build Real Value
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%).
MGM Resorts' BetMGM Offers a Glimpse of Its Fiscal 2024 Performance
BetMGM announces fiscal 2024 performance update. MGM envisions bright prospects thanks to the robust trends for its BetMGM brand.
MGM Resorts (MGM) Expected to Beat Earnings Estimates: Should You Buy?
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 Resorts settles lawsuits after millions of customer records stolen in data breaches
Hotel and casino giant MGM Resorts has agreed to pay $45 million to settle more than a dozen class action lawsuits after hackers stole personal data on millions of customers in two separate cyberattacks.
This Cheap Stock Has Huge Market Beating Potential
MGM Resorts (MGM 1.52%) is one of the dominant resort and casino companies in the U.S. and Macau with growth opportunities in online gaming an upcoming resort in Japan. But the market is pricing this like a value stock, which could be a major opportunity long-term.
