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Kritika Sarmah

What You Need to Know Ahead of MGM Resorts' Earnings Release

MGM MGM Resorts

Las Vegas-headquartered MGM Resorts International (MGM) is a prominent operator of hotels and casinos, offering state-of-the-art meeting and conference facilities as well as live and theatrical entertainment. With a market cap of $14.7 billion, MGM’s portfolio includes 31 distinct hotel and gaming destinations worldwide, featuring renowned resort brands like Bellagio, MGM Grand, Mandalay Bay, and The Mirage. The company is scheduled to release its fiscal 2024 Q2 earnings results after the market closes on Wednesday, Jul. 31.

Ahead of the event, analysts expect MGM to report a profit of $0.67 per share, up 13.6% from $0.59 per share in the year-ago quarter. The company has exceeded Wall Street’s EPS estimates in each of the last four quarters.

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