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