A month has gone by since the last earnings report for MGM Resorts (MGM). Shares have lost about 25.3% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is MGM due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
It turns out, estimates revision have trended upward during the past month.
Currently, MGM has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, MGM has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
MGM is part of the Zacks Gaming industry. Over the past month, Las Vegas Sands (LVS), a stock from the same industry, has gained 1.4%. The company reported its results for the quarter ended December 2024 more than a month ago.
Las Vegas Sands reported revenues of $2.9 billion in the last reported quarter, representing a year-over-year change of -0.7%. EPS of $0.54 for the same period compares with $0.57 a year ago.
For the current quarter, Las Vegas Sands is expected to post earnings of $0.62 per share, indicating a change of -17.3% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Las Vegas Sands. Also, the stock has a VGM Score of A.
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This article originally published on Zacks Investment Research (zacks.com).
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