MGM Resorts Q1 Adjusted EPS Misses Estimates at $0.49; Revenue Tops Forecasts
MGM sits 31% above its 52-week low of $29.185.
Summary
MGM Resorts International reported mixed first-quarter 2026 results, with adjusted earnings per share (EPS) of $0.49, falling short of the IBES estimate of $0.53. However, the company's Q1 revenue of $4.5 billion exceeded analyst forecasts of $4.366 billion. Net income for the quarter was $125 million, translating to $0.48 in unadjusted EPS. This mixed performance, particularly the EPS miss, could introduce some near-term pressure on the stock, despite the stronger-than-expected revenue growth. Traders will be closely watching for management's commentary on the drivers behind the profitability miss and any updated guidance during the upcoming earnings call.
At the time of this announcement, MGM was trading at $38.09 on NYSE in the Trade & Services sector, with a market capitalization of approximately $10B. The 52-week trading range was $29.19 to $40.94. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.