Earnings Outlook For Melco Resorts and Enter
Portfolio Pulse from Benzinga Insights
Melco Resorts and Enter (NASDAQ:MLCO) is scheduled to release its quarterly earnings report on Thursday, 2024-02-29, with an estimated EPS of $0.04. The company's historical earnings performance shows mixed results, with a miss last quarter but a subsequent 4.24% increase in share price. Over the last year, MLCO shares have declined by 40.59%, indicating a bearish sentiment among long-term shareholders. Investors will be keenly watching for not only the earnings results but also the company's guidance for future growth.
February 28, 2024 | 3:01 pm
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Melco Resorts and Enter is expected to report an EPS of $0.04 for the upcoming quarter. Historical data shows a mixed earnings performance with a notable share price increase following last quarter's earnings miss. Shares have declined significantly over the past year, indicating a bearish long-term sentiment.
Given MLCO's mixed historical earnings performance and the significant decline in share price over the past year, the short-term impact of the upcoming earnings report is uncertain. While a positive earnings surprise and optimistic guidance could provide a short-term boost, the overall bearish sentiment may limit gains. The focus on guidance rather than just earnings beat/miss suggests that investors are looking for signs of sustainable growth.
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