MGM Resorts Intl Q1 2024 Adj EPS $0.74 Beats $0.56 Estimate, Sales $4.383B Beat $4.236B Estimate
Portfolio Pulse from Benzinga Newsdesk
MGM Resorts International reported Q1 2024 adjusted EPS of $0.74, surpassing the $0.56 estimate, with sales of $4.383B exceeding the $4.236B forecast. This represents a 13.16% increase in sales compared to the same period last year.
May 01, 2024 | 8:16 pm
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MGM Resorts International exceeded Q1 2024 earnings and sales estimates, indicating strong financial performance.
Beating both earnings and sales estimates significantly, especially by 32.14% for EPS and 3.48% for sales, indicates operational efficiency and market strength. This outperformance, coupled with a notable year-over-year sales increase of 13.16%, is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100