MGM Resorts International is a global hospitality and entertainment company that operates a diverse portfolio of destination resorts, casinos, and hotels, primarily in the United States and Macau
The company is renowned for its luxurious accommodations, expansive gaming facilities, and a wide range of dining, entertainment, and leisure options, catering to both leisure and business travelers. MGM Resorts focuses on providing a unique guest experience with its iconic properties, rich entertainment offerings, and commitment to sustainability and community engagement. Through its various brands and innovative experiences, the company aims to create memorable moments and a vibrant atmosphere for its guests.
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MGM Resorts currently trades at $38.09 per share and has shown little upside over the past six months, posting a small loss of 2.3%. The stock also fell short of the S&P 500’s 13.1% gain during that period.
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at MGM Resorts (NYSEMGM) and its peers.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at casino operator stocks, starting with Boyd Gaming (NYSEBYD).
Casino stocks MGM and Las Vegas Sands recover post-COVID. With MGM trading at a discount, we explore which stock may hold more upside for investors into 2025.
Shares of hospitality and casino entertainment company MGM Resorts (NYSEMGM)
fell 11.7% in the afternoon session after the company reported weak third-quarter earnings. Its Casino revenue missed, and its EBITDA fell short of Wall Street's estimates. Overall, this was a softer quarter.
Hospitality and casino entertainment company MGM Resorts (NYSEMGM) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 5.3% year on year to $4.18 billion. Its non-GAAP profit of $0.54 per share was 11% below analysts’ consensus estimates.
