MGM Resorts (MGM) Beats Q2 Earnings and Revenue Estimates

Core Viewpoint - MGM Resorts reported quarterly earnings of $0.79 per share, exceeding the Zacks Consensus Estimate of $0.58 per share, but down from $0.86 per share a year ago, indicating an earnings surprise of +36.21% [1] - The company generated revenues of $4.4 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 2.42% and showing a slight increase from $4.33 billion year-over-year [2] Financial Performance - Over the last four quarters, MGM has surpassed consensus EPS estimates three times and topped revenue estimates three times as well [2] - The current consensus EPS estimate for the upcoming quarter is $0.42 on revenues of $4.17 billion, and for the current fiscal year, it is $2.15 on revenues of $17.09 billion [7] Market Position - MGM shares have increased by about 8% since the beginning of the year, which is slightly below the S&P 500's gain of 8.3% [3] - The Zacks Industry Rank indicates that the Gaming industry is currently in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] Future Outlook - The sustainability of MGM's stock price movement will largely depend on management's commentary during the earnings call and the revisions of earnings estimates in the near future [3][4] - The estimate revisions trend for MGM was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6]