MGM Resorts (MGM) Surpasses Q4 Earnings and Revenue Estimates

Core Insights - MGM Resorts reported quarterly earnings of $0.45 per share, exceeding the Zacks Consensus Estimate of$0.32 per share, but down from $1.06 per share a year ago, indicating a 40.63$4.35 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.50%, although this represents a slight decline from $4.38 billion in the same quarter last year [2] Earnings Performance - Over the last four quarters, MGM has surpassed consensus EPS estimates three times, indicating a positive trend in earnings performance [2] - The company had an earnings surprise of -6.90$0.54 against an expectation of $0.58 [1][3] Future Outlook - The sustainability of MGM's stock price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3][4] - Current consensus EPS estimate for the upcoming quarter is$0.51 on revenues of $4.29 billion, and for the current fiscal year, it is$2.04 on revenues of $17.12 billion [7] Industry Context - The Gaming industry, to which MGM belongs, is currently ranked in the top 16% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact MGM's stock performance [5][6]