Will MGM going to beat the earnings significantly?
10/30/2024 02:40am
**MGM Resorts International is not expected to significantly exceed market expectations with its earnings report tomorrow.** The company's latest fiscal year is 2024, with the latest fiscal quarter being Q3. The estimated EPS for Q3 of 2024 is $0.58, indicating a decline from the previous year's EPS. The estimated revenue is $4.22 billion, representing an increase from the previous year's revenue.
While MGGM has reported strong leisure demand and strategic partnerships, such as with Marriott, the company's financial performance may be impacted by market conditions and operational challenges. Additionally, the estimated EPS for Q3 2024 has been revised lower, reflecting a broader consensus that the company may not significantly exceed expectations.
Given these factors, it is unlikely that MGM Resorts International will significantly exceed market expectations with its earnings report tomorrow. Investors should exercise caution and consider the potential risks before making any investment decisions regarding MGM stock.