Earnings Outlook For MGM Resorts Intl
Portfolio Pulse from Benzinga Insights
MGM Resorts Intl (NYSE:MGM) is scheduled to release its quarterly earnings report on February 13, 2024, with analysts estimating an EPS of $0.71. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. Historical data shows mixed reactions to past earnings reports, with the stock price sometimes dropping despite beating EPS estimates. Shares are currently trading at $46.74, reflecting a 6.48% increase over the last 52 weeks.
February 12, 2024 | 2:02 pm
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MGM Resorts Intl is expected to report an EPS of $0.71 for the upcoming quarter. Historical performance shows mixed reactions to earnings reports, with the stock sometimes dropping despite beating estimates. Shares have risen 6.48% over the last year.
Given MGM's history of mixed stock price reactions to earnings reports, the short-term impact of the upcoming earnings announcement is uncertain. While a beat on the EPS estimate and positive guidance could boost the stock, historical data suggests that investor reactions can be unpredictable. The 6.48% year-over-year increase in share price indicates a generally positive long-term sentiment, but the immediate reaction to the earnings report may vary.
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IMPORTANCE 75
RELEVANCE 100