MGM (MGM) delivered earnings and revenue surprises of 143.13% and 7.26%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
To make market-beating returns, investors need to find companies that are leaders in their industries, see a large potential market, and have solid financials. This is a cash-flow business, and the Las Vegas Strip is generating more revenue than ever. You can see below that this has helped drive $4.1 billion in EBITDA over the past year for MGM Resorts.
MGM Resorts (MGM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.