MGM Resorts (MGM) Q3 Earnings Miss Estimates

Core Insights - MGM Resorts reported quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.37 per share, and down from $0.54 per share a year ago, representing an earnings surprise of -35.14% [1] - The company posted revenues of $4.25 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.82% and up from $4.18 billion year-over-year [2] - MGM shares have underperformed the market, losing about 7.8% since the beginning of the year compared to the S&P 500's gain of 17.2% [3] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.66 on revenues of $4.4 billion, and for the current fiscal year, it is $2.40 on revenues of $17.29 billion [7] - The estimate revisions trend for MGM was unfavorable ahead of the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Gaming industry, to which MGM belongs, is currently in the top 24% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% of industries [8] - Another company in the same industry, Melco Resorts, is expected to report quarterly earnings of $0.11 per share, reflecting a year-over-year change of +37.5% [9]