Melco Resorts (MLCO) to Report Q3 Results: Wall Street Expects Earnings Growth

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Melco Resorts, driven by higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Melco Resorts is expected to report quarterly earnings of $0.11 per share, reflecting a year-over-year increase of 37.5% [3]. - Revenues are projected to reach $1.29 billion, representing a 9.4% increase from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 2.86% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Melco is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +9.09% [12]. Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [10]. - Melco's current Zacks Rank is 3, suggesting a likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Melco exceeded expectations by posting earnings of $0.23 per share against an expected $0.09, resulting in a surprise of +155.56% [13]. - Over the past four quarters, Melco has beaten consensus EPS estimates twice [14]. Industry Comparison - Another player in the gaming industry, Brightstar, is expected to report earnings of $0.21 per share, with a year-over-year change of 0% [18]. - Brightstar's consensus EPS estimate has been revised down by 25% in the last 30 days, leading to a negative Earnings ESP of -2.44% [19].