Loading...
Market
MGM Resorts 2024 Performance Relative to Industry
5
Resolution / Starting Odds
Top performer • 25%
Above average • 25%
Average • 25%
Below average • 25%
Sector performance reports
Story
MGM Resorts Surpasses Q1 Forecasts; Record $4.83bn Revenue in China, Las Vegas
May 1, 2024, 08:49 PM
MGM Resorts International reported a strong performance in the first quarter of 2024, surpassing analyst expectations with adjusted earnings per share of $0.74 against estimates of $0.56, and generating sales of $4.383 billion, exceeding forecasts of $4.236 billion. The company attributed its record quarterly revenue of $4.83 billion (£3.85bn/€4.51bn) to robust performances in its China and Las Vegas operations. Additionally, MGM China achieved significant revenue growth, contributing to the company's highest ever market share. The positive results led to a 7.1% increase in MGM's stock price in pre-market trading, as Wall Street praised the company's earnings, particularly highlighting the momentum in Macau.
View original story
Similar markets
Top performer • 33%
Average performer • 34%
Below average performer • 33%
Decrease • 33%
No change • 34%
Increase • 33%
Outperforms all • 25%
Underperforms all • 25%
Outperforms some • 25%
Underperforms some • 25%
Underperforms • 33%
Performs on par • 34%
Outperforms • 33%
Below estimates • 33%
Meets estimates • 34%
Above estimates • 33%
Outperform S&P 500 • 33%
Match S&P 500 • 33%
Underperform S&P 500 • 33%
Gaming leads in revenue growth • 33%
Luxury retail leads in revenue growth • 33%
Hotel bookings lead in revenue growth • 33%
Dow Jones Industrial Average • 33%
S&P 500 • 33%
Nasdaq Composite • 33%
Decrease • 25%
Increase by up to 10% • 25%
Increase by 10-20% • 25%
Increase by over 20% • 25%