MGM Resorts International Past Earnings Performance
Past criteria checks 2/6
MGM Resorts International has been growing earnings at an average annual rate of 3.6%, while the Hospitality industry saw earnings growing at 32.5% annually. Revenues have been growing at an average rate of 15.9% per year. MGM Resorts International's return on equity is 31.3%, and it has net margins of 5.2%.
Key information
3.6%
Earnings growth rate
11.3%
EPS growth rate
| Hospitality Industry Growth | 19.5% |
| Revenue growth rate | 15.9% |
| Return on equity | 31.3% |
| Net Margin | 5.2% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Investors Holding Back On MGM Resorts International (NYSE:MGM)
Dec 07
Why MGM Is A Buy: The Complete Guide
Nov 11Here's Why We Think MGM Resorts International (NYSE:MGM) Is Well Worth Watching
Oct 13Is MGM Resorts International (NYSE:MGM) A Risky Investment?
Sep 29Rolling The Dice With MGM Resorts: Growth On The Strip, But Risks Linger
Sep 25Not Many Are Piling Into MGM Resorts International (NYSE:MGM) Just Yet
Aug 16MGM: Buy On The Dip Despite Lingering Negative Sentiment
Aug 09Analyst Estimates: Here's What Brokers Think Of MGM Resorts International (NYSE:MGM) After Its Second-Quarter Report
Aug 02MGM: Could Be First Breakout Among Gaming Stocks From Current Undervalued Sector
Jul 02MGM Resorts International (NYSE:MGM) Shares Could Be 33% Below Their Intrinsic Value Estimate
Jun 21Does MGM Resorts International (NYSE:MGM) Have A Healthy Balance Sheet?
May 22MGM 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 13MGM: A Dip Signals A Buy As Value Scenario Grows With Sector Recovery
Jun 08MGM Resorts: Smart Corporate Strategy Is The Engine For Much Higher Valuation
Feb 08MGM Resorts added as a new long idea at Hedgeye
Jan 12MGM 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 07Revenue & Expenses Breakdown
How MGM Resorts International makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 17,222 | 903 | 5,338 | 0 |
| 30 Jun 24 | 17,012 | 880 | 5,350 | 0 |
| 31 Mar 24 | 16,627 | 894 | 5,276 | 0 |
| 31 Dec 23 | 16,119 | 1,144 | 5,213 | 0 |
| 30 Sep 23 | 15,334 | 1,096 | 5,179 | 0 |
| 30 Jun 23 | 14,778 | 366 | 5,195 | 0 |
| 31 Mar 23 | 14,102 | 1,936 | 5,082 | 0 |
| 31 Dec 22 | 13,082 | 1,441 | 4,708 | 0 |
| 30 Sep 22 | 12,551 | 1,282 | 4,254 | 0 |
| 30 Jun 22 | 11,769 | 3,194 | 3,661 | 0 |
| 31 Mar 22 | 10,707 | 1,490 | 3,199 | 0 |
| 31 Dec 21 | 9,454 | 1,176 | 2,935 | 0 |
| 30 Sep 21 | 7,801 | 615 | 2,683 | 0 |
| 30 Jun 21 | 6,271 | -1,261 | 2,565 | 0 |
| 31 Mar 21 | 4,352 | -2,153 | 2,440 | 0 |
| 31 Dec 20 | 4,917 | -997 | 2,489 | 0 |
| 30 Sep 20 | 6,601 | 1,472 | 2,527 | 0 |
| 30 Jun 20 | 8,714 | 1,964 | 2,506 | 0 |
| 31 Mar 20 | 11,552 | 2,834 | 2,533 | 0 |
| 31 Dec 19 | 12,463 | 2,046 | 2,573 | 0 |
| 30 Sep 19 | 12,326 | 2 | 2,357 | 0 |
| 30 Jun 19 | 12,042 | 181 | 2,368 | 0 |
| 31 Mar 19 | 11,684 | 254 | 2,340 | 0 |
| 31 Dec 18 | 11,338 | 445 | 2,335 | 0 |
| 30 Sep 18 | 10,893 | 1,844 | 2,409 | 0 |
| 30 Jun 18 | 10,698 | 1,854 | 2,320 | 0 |
| 31 Mar 18 | 10,497 | 1,946 | 2,214 | 0 |
| 31 Dec 17 | 10,395 | 1,934 | 2,107 | 0 |
| 30 Sep 17 | 10,263 | 589 | 1,939 | 0 |
| 30 Jun 17 | 9,951 | 976 | 1,911 | 0 |
| 31 Mar 17 | 9,567 | 1,241 | 1,898 | 0 |
| 31 Dec 16 | 9,081 | 1,100 | 1,831 | 0 |
| 30 Sep 16 | 8,789 | 295 | 1,735 | 0 |
| 30 Jun 16 | 8,556 | -174 | 1,655 | 0 |
| 31 Mar 16 | 8,669 | -551 | 1,624 | 0 |
| 31 Dec 15 | 8,791 | -448 | 1,655 | 0 |
| 30 Sep 15 | 8,986 | -9 | 1,625 | 0 |
| 30 Jun 15 | 9,191 | -95 | 1,633 | 0 |
| 31 Mar 15 | 9,394 | -83 | 1,613 | 0 |
| 31 Dec 14 | 9,699 | -150 | 1,597 | 0 |
| 30 Sep 14 | 9,831 | 136 | 1,574 | 0 |
| 30 Jun 14 | 9,815 | 134 | 1,556 | 0 |
| 31 Mar 14 | 9,719 | -76 | 1,534 | 0 |
| 31 Dec 13 | 9,445 | -172 | 1,509 | 0 |
Quality Earnings: MGM has high quality earnings.
Growing Profit Margin: MGM's current net profit margins (5.2%) are lower than last year (7.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MGM's earnings have grown by 3.6% per year over the past 5 years.
Accelerating Growth: MGM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MGM had negative earnings growth (-17.5%) over the past year, making it difficult to compare to the Hospitality industry average (14%).
Return on Equity
High ROE: Whilst MGM's Return on Equity (31.29%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 22:43 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
MGM Resorts International is covered by 55 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Bain | Aegis Capital Corporation |
| John Staszak | Argus Research Company |
| Alistair Scobie | Atlantic Equities LLP |