MGM Stock - MGM Resorts International
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $17.24B | $16.16B | $13.13B | $9.68B | $4.92B |
| Gross Profit | $7.85B | $7.61B | $6.47B | $4.65B | $1.71B |
| Gross Margin | 45.5% | 47.1% | 49.3% | 48.0% | 34.8% |
| Operating Income | $1.49B | $1.89B | $1.44B | $2.28B | $-642,434,000 |
| Net Income | $746.56M | $1.14B | $1.47B | $1.25B | $-1,032,723,999 |
| Net Margin | 4.3% | 7.1% | 11.2% | 13.0% | -21.0% |
| EPS | $2.42 | $3.22 | $0.51 | $2.44 | $-2.67 |
MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and Macau. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. The company's casino operations include slots and table games, as well as online sports betting and iGaming through BetMGM. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company also owns and operates Las Vegas Strip Resorts and Fallen Oak golf course. Its customers include premium gaming customers; leisure and wholesale travel customers; business travelers; and group customers, including conventions, trade associations, and small meetings. The company was formerly known as MGM MIRAGE and changed its name to MGM Resorts International in June 2010. MGM Resorts International was incorporated in 1986 and is based in Las Vegas, Nevada.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 17th 2025 | Barclays | Downgrade | Equal Weight | $38 |
| November 21st 2025 | Citigroup | Downgrade | Neutral | $35 |
| November 18th 2025 | Wells Fargo | Initiation | Underweight | $29 |
| July 22nd 2025 | Seaport Research Partners | Downgrade | Neutral | - |
| July 7th 2025 | Goldman | Initiation | Sell | $34 |
| June 26th 2025 | Citizens JMP | Downgrade | Market Perform | - |
| June 23rd 2025 | JP Morgan | Initiation | Neutral | $38 |
| February 14th 2025 | Argus | Upgrade | Buy | $50 |
| February 3rd 2025 | BTIG Research | Downgrade | Neutral | - |
| July 3rd 2024 | BTIG Research | Initiation | Buy | $52 |
| May 2nd 2024 | Susquehanna | Upgrade | Positive | $54 |
| April 15th 2024 | Seaport Research Partners | Initiation | Buy | $56 |
| March 26th 2024 | Mizuho | Initiation | Buy | $61 |
| October 23rd 2023 | HSBC Securities | Initiation | Buy | $49 |
| October 12th 2023 | CapitalOne | Initiation | Overweight | $50 |
Earnings History & Surprises
MGMEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 28, 2026 | — | — | — | — |
Q1 2026 | Feb 11, 2026 | $0.65 | — | — | — |
Q4 2025 | Oct 29, 2025 | $0.37 | $0.24 | -35.1% | ✗ MISS |
Q3 2025 | Jul 30, 2025 | $0.58 | $0.79 | +36.2% | ✓ BEAT |
Q2 2025 | Apr 30, 2025 | $0.50 | $0.69 | +38.0% | ✓ BEAT |
Q1 2025 | Feb 12, 2025 | $0.37 | $0.45 | +21.6% | ✓ BEAT |
Q4 2024 | Oct 30, 2024 | $0.61 | $0.54 | -11.5% | ✗ MISS |
Q3 2024 | Jul 31, 2024 | $0.66 | $0.86 | +30.3% | ✓ BEAT |
Q2 2024 | May 1, 2024 | $0.56 | $0.74 | +32.1% | ✓ BEAT |
Q1 2024 | Feb 13, 2024 | $0.71 | $1.06 | +49.3% | ✓ BEAT |
Q4 2023 | Nov 8, 2023 | $0.55 | $0.64 | +16.4% | ✓ BEAT |
Q3 2023 | Aug 2, 2023 | $0.54 | $0.59 | +9.3% | ✓ BEAT |
Q2 2023 | May 1, 2023 | $0.10 | $0.44 | +325.1% | ✓ BEAT |
Q1 2023 | Feb 8, 2023 | $-1.60 | $0.69 | +143.1% | ✓ BEAT |
Q4 2022 | Nov 2, 2022 | $0.22 | $-1.39 | -731.8% | ✗ MISS |
Q3 2022 | Aug 3, 2022 | $0.24 | $0.03 | -87.5% | ✗ MISS |
Q2 2022 | May 2, 2022 | $-0.09 | $0.01 | +111.1% | ✓ BEAT |
Q1 2022 | Feb 9, 2022 | $0.02 | $0.12 | +477.5% | ✓ BEAT |
Q4 2021 | Nov 3, 2021 | $0.01 | $0.03 | +319.0% | ✓ BEAT |
Q3 2021 | Aug 4, 2021 | $-0.36 | $-0.13 | +63.9% | ✓ BEAT |
Latest News
Barclays Downgrades MGM Resorts International to Equal-Weight, Lowers Price Target to $38
📉 NegativeRealty Income Announces $800M Preferred Equity Investment In CityCenter Las Vegas Real Estate Assets; Blackstone Real Estate Will Retain 100% Of Common Equity Ownership Of Property, It Will Continue To Be Operated By MGM Resorts; Realty Income Corp Raises 2025 Investment Outlook To Over $6B
📈 PositiveMGM Resorts To Rebrand NoMad Las Vegas As The Reserve At Park MGM, Effective December 17
📈 PositiveCentury Casinos Announces Opening Of New BetMGM Retail Sportsbook At Century Casino & Hotel Cape Girardeau In Missouri
📈 PositiveShares of travel companies are trading higher ahead of the Thanksgiving holiday. Estimates indicate that the travel period may be the busiest in 15 years.
📈 PositiveCitigroup Downgrades MGM Resorts International to Neutral, Lowers Price Target to $35
📉 NegativeWells Fargo Initiates Coverage On MGM Resorts International with Underweight Rating, Announces Price Target of $29
📉 NegativeUBS Maintains Neutral on MGM Resorts International, Lowers Price Target to $37
➖ NeutralJP Morgan Maintains Neutral on MGM Resorts International, Lowers Price Target to $38
➖ NeutralCitigroup Maintains Buy on MGM Resorts International, Lowers Price Target to $47.5
➖ NeutralMGM stock has given up its prior loss. MGM Resorts International shares were trading lower after the company reported mixed Q3 financial results.
➖ NeutralBarclays Maintains Overweight on MGM Resorts International, Lowers Price Target to $42
📈 PositiveTruist Securities Maintains Buy on MGM Resorts International, Lowers Price Target to $47
➖ NeutralMGM Resorts International shares are trading lower after the company reported mixed Q3 financial results.
📉 NegativeMGM Resorts International shares are trading lower after the company reported mixed Q3 financial results.
📉 NegativeMGM Resorts Intl Q3 Adj. EPS $0.24 Misses $0.40 Estimate, Sales $4.250B Beat $4.230B Estimate
➖ NeutralWatching Sports Gambling Related Stocks; FBI Director Kash Patel Says More Than 30 Individuals Arrested Across Multiple States As Part Of Investigation Into Illegal Gambling; Portland Trailblazers Head Coach Chauncey Billups And Miami Heat Player Terry Rozier Among Those Arrested
📉 NegativeStifel Maintains Buy on MGM Resorts International, Lowers Price Target to $47
➖ NeutralTruist Securities Maintains Buy on MGM Resorts International, Lowers Price Target to $48
➖ NeutralMGM Resorts Agrees To Sell Operations Of MGM Northfield Park To Private Equity Funds Managed By Clairvest Group For $546M In Cash; Deal Expected To Close In H1 2026
📈 PositiveFrequently Asked Questions about MGM
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