Earnings Outlook For Melco Resorts and Enter
Portfolio Pulse from Benzinga Insights
Melco Resorts and Enter (NASDAQ:MLCO) is set to release its latest quarterly earnings report on November 7, 2023. Analysts estimate an earnings per share (EPS) of $0.03. 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 $8.57 and has seen a 39.53% increase over the last 52-week period.
November 06, 2023 | 4:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Melco Resorts and Enter is expected to report an EPS of $0.03 in its upcoming earnings report. Despite beating EPS estimates in the past, the company's share price has typically dropped the following day.
The company has a history of beating EPS estimates but experiencing a drop in share price the following day. This pattern, if repeated, could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100