Alert: New Earnings Report (11/8/23)-MGM Resorts International (NYSE: MGM).


MGM Resorts International (NYSE: MGM) has reported earnings for its third fiscal quarter (ending September 30) of $0.46 versus a loss $-1.45 for the same period a year ago. Relative to the consensus estimate of $0.49, this was a shortfall of $-0.03. For the latest four quarters through September 30, E.P.S. were $2.99 compared to $3.04 a year ago — a decline of -2%.


Recent Price Action

MGM Resorts International (NYSE: MGM) stock closed at $38.65 on 11/8/23 after a modest gain of 1.0%. The stock has risen 10.7% during the last week and has performed in line with the market over the last nine months.

Current PriceTarget Research Rating

MGM’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

MGM Resorts has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. MGM Resorts has a slightly positive Appreciation Score of 69 and a neutral Power Rating of 40, and the Neutral Value Trend Rating results.

Rating Review

In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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