For its third fiscal quarter (ending September 30), MGM Resorts International (NYSE: MGM) has reported a 33% increase in E.P.S. from $0.46 a year ago to $0.61 in the current quarter. E.P.S. were $2.83 for the latest four quarters through September 30 versus $2.99 for the same period a year ago — a decline of -5%.
Recent Price Action
MGM Resorts International (NYSE: MGM) stock declined modestly by -1.4% on 10/30/24. The stock closed at $41.41. Moreover, above average trading volume at 148% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months but has risen 2.2% during the last week.
Current PriceTarget Research Rating
MGM’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
MGM Resorts has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. MGM Resorts has a neutral Appreciation Score of 46 but a poor Power Rating of 21, and the Negative Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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