Melco Resorts and Enter Earnings Preview
Portfolio Pulse from Benzinga Insights
Melco Resorts and Enter (NASDAQ:MLCO) is set to release its latest quarterly earnings report on Tuesday, 2023-08-01. Analysts estimate an earnings per share (EPS) of $-0.14. The company's past performance shows a pattern of beating EPS estimates but experiencing a drop in share price the following day. The stock is currently trading at $13.45 and has seen a 167.62% increase over the last 52-week period.
July 31, 2023 | 6:02 pm
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NEUTRAL IMPACT
Melco Resorts and Enter is expected to report an EPS of $-0.14 in its upcoming earnings report. Despite beating EPS estimates in the past, the company's share price has typically dropped the following day. The stock has seen significant growth over the past year.
The upcoming earnings report is highly relevant to MLCO's stock price. While the company has a history of beating EPS estimates, this has typically been followed by a drop in share price. However, the stock has seen significant growth over the past year, which may indicate investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100