Melco Resorts (MLCO) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share. This compares to earnings of $0.04 per share a year ago.
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.
Melco Resorts & Entertainment aims to sell City of Dreams Manila to fund a new casino in Thailand, an emerging gambling market. Despite high debt and suspended dividends, MLCO's share buybacks and positive post-COVID recovery enhance shareholder value. Thailand's potential legalization of gambling offers significant growth, making it a strategic move and creating positive motivation to sell Manila.
Melco Resorts & Entertainment Limited (NASDAQ:MLCO ) Q4 2024 Earnings Conference Call February 27, 2025 8:30 AM ET Company Participants Jeanny Kim - Senior Vice President, Group Treasurer Lawrence Ho - Chairman & Chief Executive Officer Geoff Davis - Executive Vice President & Chief Financial Officer Evan Winkler - President Conference Call Participants George Choi - Citi Ricardo Chinchilla - Deutsche Bank John DeCree - CBRE Joe Stauff - Susquehanna Praveen Choudhary - MS Operator Ladies and Gentlemen, thank you for participating in the Fourth Quarter 2024 Earnings Conference Call of Melco Resorts and Entertainment Limited. At this time, all participants are in a listen-only mode.
The headline numbers for Melco (MLCO) 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.
Melco Resorts (MLCO) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.08. This compares to earnings of $0.13 per share a year ago.
Melco Resorts & Entertainment Limited (NASDAQ:MLCO ) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Jeanny Kim - Senior Vice President, Group Treasurer Evan Winkler - President Lawrence Ho - Chairman and CEO Geoffrey Davis - EVP and CFO Conference Call Participants George Choi - Citi John DeCree - CBRE Luis Ricardo Chinchilla - Deutsche Bank Praveen Choudhary - Morgan Stanley Simon Cheung - Goldman Sachs Operator Ladies and Gentlemen, thank you for participating in the Third Quarter 2024 Earnings Conference Call of Melco Resorts and Entertainment Limited. At this time, all participants are in a listen-only mode.
The headline numbers for Melco (MLCO) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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.
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.
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.
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.