MGM Resorts International
The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict MGM Resorts International's revenues will improve 30.6% and EPS will remain in the red.
The average estimate for revenue is $2.36 billion. On the bottom line, the average EPS estimate is -$0.14.
Last quarter, MGM Resorts International booked revenue of $2.29 billion. GAAP reported sales were 54% higher than the prior-year quarter's $1.43 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.09. GAAP EPS were -$0.44 for Q1 versus -$0.18 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 35.9%, 370 basis points worse than the prior-year quarter. Operating margin was 9.4%, 190 basis points better than the prior-year quarter. Net margin was -9.9%, 360 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $9.38 billion. The average EPS estimate is -$0.52.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,136 members out of 1,375 rating the stock outperform, and 239 members rating it underperform. Among 281 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 224 give MGM Resorts International a green thumbs-up, and 57 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MGM Resorts International is outperform, with an average price target of $16.15.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is the co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.