Comment
0
Tweet
0
Print
RSS Feeds

Can MGM Resorts International Meet These Numbers?

Monday - 4/29/2013, 2:00am  ET

MGM Resorts International is expected to report Q1 earnings on May 2. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict MGM Resorts International's revenues will increase 2.2% and EPS will remain in the red.

The average estimate for revenue is $2.34 billion. On the bottom line, the average EPS estimate is -$0.11.

Revenue details
Last quarter, MGM Resorts International chalked up revenue of $2.29 billion. GAAP reported sales were 0.1% lower than the prior-year quarter's $2.21 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at -$0.23. GAAP EPS were -$2.51 for Q4 versus -$0.23 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 36.7%, 90 basis points better than the prior-year quarter. Operating margin was 8.5%, 20 basis points worse than the prior-year quarter. Net margin was -55.5%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $9.48 billion. The average EPS estimate is -$0.29.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,145 members out of 1,378 rating the stock outperform, and 233 members rating it underperform. Among 305 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 261 give MGM Resorts International a green thumbs-up, and 44 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MGM Resorts International is outperform, with an average price target of $12.72.

With hundreds of companies out there vying with MGM Resorts International for shoppers' dollars, strong brands matter, and they can provide growth for even boring, mature companies -- as long as they're the right ones. That's why we've compiled a special report on "3 American Companies Set to Dominate the World." Click here for instant access to this free report.

This article was originally published as Can MGM Resorts International Meet These Numbers?on Fool.com

Copyright © 2009 The Motley Fool, LLC. All rights reserved.