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Barchart
Barchart
Neha Panjwani

MGM Resorts Earnings Preview: What to Expect

MGM

MGM Resorts International (MGM), headquartered in Las Vegas, Nevada, owns and operates casino, hotel, and entertainment resorts. Valued at $12.7 billion by market cap, the company offers accommodation, dining, meeting, convention, and hospitality management services for casino and non-casino properties. The global hospitality and entertainment giant is expected to announce its fiscal second-quarter earnings for 2024 after the market closes on Wednesday, Oct. 30.

Ahead of the event, analysts expect MGM to report a profit of $0.59 per share on a diluted basis, down 7.8% from $0.64 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s EPS estimates in its last four quarterly reports. 

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