MGM Resorts International Future Growth
Future criteria checks 2/6
MGM Resorts International is forecast to grow earnings and revenue by 7.7% and 2.5% per annum respectively. EPS is expected to grow by 12.9% per annum. Return on equity is forecast to be 25.8% in 3 years.
Key information
7.7%
Earnings growth rate
12.9%
EPS growth rate
| Hospitality earnings growth | 19.0% |
| Revenue growth rate | 2.5% |
| Future return on equity | 25.8% |
| Analyst coverage | Good |
| Last updated | 13 May 2024 |
Recent future growth updates
Recent updates
Does MGM Resorts International (NYSE:MGM) Have A Healthy Balance Sheet?
May 22
MGM Resorts International: A Promising Investment Opportunity
May 07MGM Resorts International's (NYSE:MGM) Prospects Need A Boost To Lift Shares
Mar 22MGM Resorts International's (NYSE:MGM) Intrinsic Value Is Potentially 44% Above Its Share Price
Feb 15MGM Resorts: Super Bowl And Chinese New Year Together Pose Unprecedented Upside Catalyst For Q1
Jan 11We Think MGM Resorts International (NYSE:MGM) Is Taking Some Risk With Its Debt
Jan 01MGM Resorts: Shares Look Attractive Amid Recovery In Macau
Dec 07MGM Resorts: Despite Cyberattack, Best Recession-Resistant Play In The Sector
Nov 03MGM Resorts: A High-Risk High-Reward Opportunity
Oct 13MGM Resorts: Impact Of Ransomware Attack
Sep 25MGM Resorts: Pent-Up Demand Likely To Translate Into Higher Profits
Sep 01MGM Resorts: Trading At Attractive Multiples, Potential For +40% Price Appreciation
Aug 18MGM Resorts: BetMGM First Half Result Adds To Rationale To Buy It Now
Jul 28MGM Resorts International: Value, Growth, Deleveraging, And Buybacks
Jul 13Is MGM Resorts International (NYSE:MGM) Using Too Much Debt?
Jul 06MGM: A Dip Signals A Buy As Value Scenario Grows With Sector Recovery
Jun 08Is MGM Resorts International (NYSE:MGM) Weighed On By Its Debt Load?
Apr 03MGM Resorts: Smart Corporate Strategy Is The Engine For Much Higher Valuation
Feb 08Do MGM Resorts International's (NYSE:MGM) Earnings Warrant Your Attention?
Jan 16MGM Resorts added as a new long idea at Hedgeye
Jan 12Is MGM Resorts International (NYSE:MGM) Using Debt Sensibly?
Dec 29MGM Resorts: Raise Your Bet For 2023
Dec 25MGM Sees Vegas Recovery, Regional Resilience And BetMGM Growth
Nov 03MGM Resorts Is The Best Bet Among Casino Stocks Right Now
Oct 18MGM Resorts and ExteNet Systems enter national connectivity partnership
Sep 28MGM Resorts goes ex-dividend tomorrow
Sep 07BetMGM and SportsGrid expand multi-year betting content deal
Aug 23MGM Resorts: Hiding In Plain Sight, A Global Giant In The Making
Aug 08Does MGM Resorts International (NYSE:MGM) Have A Healthy Balance Sheet?
Aug 04MGM Resorts, Bet MGM renew and expand agreement with MLB
Jul 14MGM: The Bear Dip In Progress Has Put MGM In Bargain Range At $27
Jun 16MGM Resorts: IAC's Barry Diller Licensed In Nevada In Clear Swerve To Bigger Online Deals Ahead
May 25Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 17,765 | 1,099 | N/A | N/A | 8 |
| 12/31/2025 | 17,391 | 927 | 1,684 | 2,589 | 19 |
| 12/31/2024 | 17,148 | 820 | 1,434 | 2,223 | 19 |
| 3/31/2024 | 16,627 | 894 | 1,572 | 2,536 | N/A |
| 12/31/2023 | 16,119 | 1,144 | 1,759 | 2,691 | N/A |
| 9/30/2023 | 15,334 | 1,096 | 1,486 | 2,398 | N/A |
| 6/30/2023 | 14,778 | 366 | 1,183 | 2,105 | N/A |
| 3/31/2023 | 14,102 | 1,936 | 1,237 | 2,040 | N/A |
| 12/31/2022 | 13,082 | 1,441 | 991 | 1,756 | N/A |
| 9/30/2022 | 12,551 | 1,282 | 1,195 | 1,820 | N/A |
| 6/30/2022 | 11,769 | 3,194 | 1,394 | 1,938 | N/A |
| 3/31/2022 | 10,707 | 1,490 | 1,368 | 1,882 | N/A |
| 12/31/2021 | 9,454 | 1,176 | 883 | 1,373 | N/A |
| 9/30/2021 | 7,801 | 615 | 228 | 643 | N/A |
| 6/30/2021 | 6,271 | -1,261 | -353 | -39 | N/A |
| 3/31/2021 | 4,352 | -2,153 | -1,434 | -1,158 | N/A |
| 12/31/2020 | 4,917 | -997 | -1,764 | -1,493 | N/A |
| 9/30/2020 | 6,601 | 1,472 | -1,229 | -795 | N/A |
| 6/30/2020 | 8,714 | 1,964 | -801 | -243 | N/A |
| 3/31/2020 | 11,552 | 2,834 | 359 | 988 | N/A |
| 12/31/2019 | 12,463 | 2,046 | 1,071 | 1,810 | N/A |
| 9/30/2019 | 12,326 | 2 | 937 | 1,683 | N/A |
| 6/30/2019 | 12,042 | 181 | 651 | 1,597 | N/A |
| 3/31/2019 | 11,684 | 254 | 293 | 1,545 | N/A |
| 12/31/2018 | 11,338 | 445 | 236 | 1,723 | N/A |
| 9/30/2018 | 10,893 | 1,844 | 401 | 2,090 | N/A |
| 6/30/2018 | 10,698 | 1,854 | 507 | 2,360 | N/A |
| 3/31/2018 | 10,497 | 1,946 | 552 | 2,379 | N/A |
| 12/31/2017 | 10,395 | 1,934 | N/A | 2,206 | N/A |
| 9/30/2017 | 10,263 | 589 | N/A | 1,997 | N/A |
| 6/30/2017 | 9,951 | 976 | N/A | 1,859 | N/A |
| 3/31/2017 | 9,567 | 1,241 | N/A | 1,715 | N/A |
| 12/31/2016 | 9,081 | 1,100 | N/A | 1,534 | N/A |
| 9/30/2016 | 8,789 | 295 | N/A | 1,316 | N/A |
| 6/30/2016 | 8,556 | -174 | N/A | 1,171 | N/A |
| 3/31/2016 | 8,669 | -551 | N/A | 1,054 | N/A |
| 12/31/2015 | 8,791 | -448 | N/A | 1,005 | N/A |
| 9/30/2015 | 8,986 | -9 | N/A | 846 | N/A |
| 6/30/2015 | 9,191 | -95 | N/A | 774 | N/A |
| 3/31/2015 | 9,394 | -83 | N/A | 1,016 | N/A |
| 12/31/2014 | 9,699 | -150 | N/A | 1,131 | N/A |
| 9/30/2014 | 9,831 | 136 | N/A | 1,238 | N/A |
| 6/30/2014 | 9,815 | 134 | N/A | 1,384 | N/A |
| 3/31/2014 | 9,719 | -76 | N/A | 1,407 | N/A |
| 12/31/2013 | 9,445 | -172 | N/A | 1,310 | N/A |
| 9/30/2013 | 9,228 | -1,339 | N/A | 1,118 | N/A |
| 6/30/2013 | 9,024 | -1,498 | N/A | 1,127 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MGM's forecast earnings growth (7.7% per year) is above the savings rate (2.4%).
Earnings vs Market: MGM's earnings (7.7% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: MGM's earnings are forecast to grow, but not significantly.
Revenue vs Market: MGM's revenue (2.5% per year) is forecast to grow slower than the US market (8.4% per year).
High Growth Revenue: MGM's revenue (2.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MGM's Return on Equity is forecast to be high in 3 years time (25.8%)