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MGM

MGM Resorts International

$35.2

Earnings Summary

Revenue
$3264.89Mn
Net Profits
$1783.94Mn
Net Profit Margins
54.64%
PE Ratio
5.06

Highlights

Revenue:

MGM Resorts International’s revenue jumped 43.96% since last year same period to $3264.89Mn in the Q2 2022. On a quarterly growth basis, MGM Resorts International has generated 14.38% jump in its revenue since last 3-months.

Net Profits:

MGM Resorts International’s net profit jumped 1602.99% since last year same period to $1783.94Mn in the Q2 2022. On a quarterly growth basis, MGM Resorts International has generated 10001.96% jump in its net profits since last 3-months.

Net Profit Margins:

MGM Resorts International’s net profit margin jumped 1082.99% since last year same period to 54.64% in the Q2 2022. On a quarterly growth basis, MGM Resorts International has generated 8756.73% jump in its net profit margins since last 3-months.

PE Ratio:

MGM Resorts International’s price-to-earnings ratio after this Q2 2022 earnings stands at 5.06.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the MGM Resorts International post its latest quarter earnings

EPS Estimate Current Quarter
0.23
EPS Estimate Current Year
0.23

Highlights

EPS Estimate Current Quarter:

MGM Resorts International’s earning per share (EPS) estimates for the current quarter stand at 0.23 - a 355.56% jump from last quarter’s estimates.

EPS Estimate Current Year:

MGM Resorts International’s earning per share (EPS) estimates for the current year stand at 0.23.

Key Ratios

Key ratios of the MGM Resorts International post its Q2 2022 earnings

Return on Assets (ROA)
0.01
Return on Equity (ROE)
0.33
Dividend Per Share (DPS)
0.01

Highlights

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. MGM Resorts International’s return on assets (ROA) stands at 0.01.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. MGM Resorts International’s return on equity (ROE) stands at 0.33.

Dividend Per Share (DPS):

MGM Resorts International declared 0.01 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-02
-0.09
0.01
111.11%

Company Information

MGM Resorts International is an S&P 500® global entertainment company with national and international locations featuring best-in-class hotels and casinos, state-of-the-art meetings and conference spaces, incredible live and theatrical entertainment experiences, and an extensive array of restaurant, nightlife and retail offerings. MGM Resorts creates immersive, iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts portfolio encompasses 29 unique hotel and destination gaming offerings in the United States and Macau, including some of the most recognizable resort brands in the industry such as Bellagio, MGM Grand, ARIA and Park MGM. The Company's 50/50 venture, BetMGM, LLC, offers U.S. sports betting and online gaming through market-leading brands, including BetMGM and partypoker. The Company is currently pursuing targeted expansion in Asia through the integrated resort opportunity in Japan. Through its 'Focused on What Matters: Embracing Humanity and Protecting the Planet' initiative, MGM Resorts commits to creating a more sustainable future, while striving to make a bigger difference in the lives of its employees, guests, and in the communities where it operates. The global employees of MGM Resorts are proud of their company for being recognized as one of FORTUNE® Magazine's World's Most Admired Companies®.

Organisation
MGM Resorts International
Headquarters
Las Vegas, Nevada, US
Employees
2.02K
Industry
Consumer Services
CEO
William Hornbuckle