Melco Resorts & Entertainment Ltd reports results for the quarter ended September 30 - Earnings Summary

• Melco Resorts & Entertainment Ltd reported quarterly breakeven results​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 19 cents. The mean expectation of six analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from -9 cents to 13 cents per share.

• Revenue fell 10.4% to $1.17 billion from a year ago; analysts expected $1.24 billion.

• Melco Resorts & Entertainment Ltd's reported EPS for the quarter was breakeven results​.

• The company reported quarterly net income of $34 thousand.

• Melco Resorts & Entertainment Ltd shares had fallen by 6.3% this quarter and lost 44.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 86.9% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the casinos & gaming peer group is also "buy"

• Wall Street's median 12-month price target for Melco Resorts & Entertainment Ltd is $5.60, about 25% above its last closing price of $4.20

This summary was machine generated from LSEG data November 4 at 03:07 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)