MGM Resorts International reports results for the quarter ended September 30 - Earnings Summary

• MGM Resorts International MGM.N reported a quarterly adjusted loss of 11 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 24 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from -7 cents to 31 cents per share.

• Revenue fell 0.9% to $4.21 billion from a year ago; analysts expected $4.22 billion.

• MGM Resorts International's reported EPS for the quarter was a loss of 7 cents​.

• The company reported a quarterly loss of $17.11 million.

• MGM Resorts International shares had fallen by 9.9% this quarter and lost 23.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 63.4% in the last three months.​

• In the last 30 days, thirteen analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 11 "strong buy" or "buy," 12 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the casinos & gaming peer group is "buy."

• Wall Street's median 12-month price target for MGM Resorts International is $43.50, about 37.3% above its last closing price of $27.27

This summary was machine generated from LSEG data October 28 at 10:45 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)