MGM MGM Resorts International

Looking for a stock that might be in a good position to beat earnings at its next report? Consider MGM Resorts International (MGM), a firm in the Resorts and Casinos space which could be a great candidate for another beat.

This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, MGM has beaten estimates significantly in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus

Two quarters ago, MGM expected to incur a loss of  3 cents  per share, while it actually produced earnings of 2 cents per share. Meanwhile, for the most recent quarter, the company looked to deliver loss of a penny  per share, when it actually saw earnings of 11 cents per share instead, representing a whooping positive surprise.

Thanks in part to this history, recent estimates have been moving higher for MGM Resorts. In fact, the Earnings ESP for MGM is positive, which is a great sign of a coming beat.

After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for MGM, as the firm currently has a Zacks Earnings ESP of 9.09%, so another beat could be around the corner.

This is particularly true when you consider that MGM has a great Zacks Rank #2 (Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70%, so it seems pretty likely that MGM could see another beat at its next report, especially if recent trends are any guide.

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MGM RESORTS INT (MGM): Free Stock Analysis Report
 
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