TILE - Factors Setting the Tone for MGM Resorts' Q1 Earnings | Benzinga
MGM Resorts International (NYSE: MGM) is scheduled to report first-quarter 2024 results on May 1, 2024, after the closing bell.
In the last reported quarter, the company's earnings and revenues topped the Zacks Consensus Estimate by 58.2% and 6.9%, respectively.
What Do the Estimates Say?
The Zacks Consensus Estimate for first-quarter earnings per share is pegged at 60 cents, indicating an increase of 36.4% from 44 cents reported in the year-ago quarter.
For revenues, the consensus mark is pegged at nearly $4.18 billion. The metric suggests an increase of 8% from the year-ago quarter's figure.
MGM Resorts International Price and EPS Surprise
MGM Resorts International price-eps-surprise | MGM Resorts International Quote
Let's take a look at how things have shaped up in the quarter.
Factors to Note
MGM Resorts' first-quarter top line is likely to have gained from pent-up consumer demand, high domestic casino spending and robust demand for sports betting. This and increased visitation in the Macau market are likely to have aided the company's performance in the to-be-reported quarter.
The company's domestic performance is likely to have gained profit from major ...