MGM Resorts International (MGM) Outlook And Short Term Estimates

MGM Resorts International (NYSE:MGM) has a beta value of 2.24 and has seen 0.74 million shares traded in the recent trading session. The company, currently valued at $12.69B, closed the recent trade at $40.44 per share which meant it lost -$0.37 on the day or -0.91% during that session. The MGM stock price is -26.98% off its 52-week high price of $51.35 and 15.63% above the 52-week low of $34.12. The 3-month trading volume is 3.34 million shares.

MGM Resorts International (NYSE:MGM) trade information

Sporting -0.91% in the red today, the stock has traded in the red over the last five days, when the MGM stock price touched $40.44 or saw a rise of 4.03%. Year-to-date, MGM Resorts International shares have moved -9.49%, while the 5-day performance has seen it change -2.67%. Over the past 30 days, the shares of MGM Resorts International (NYSE:MGM) have changed -5.62%.

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MGM Resorts International (MGM) estimates and forecasts

Figures show that MGM Resorts International shares have underperformed across the wider relevant industry. The company’s shares have gained 0.32% over the past 6 months, with this year growth rate of 5.62%, compared to 11.30% for the industry. Revenue growth from the last financial year stood is estimated to be 6.40%.

16 analysts offering their estimates for the company have set an average revenue estimate of 4.2B for the current quarter. 16 have an estimated revenue figure of 4.21B for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 31.55% over the past 5 years. Earnings growth for 2024 is a modest 2.38% while over the next 5 years, the company’s earnings are expected to increase by 11.90%.

MGM Dividends

MGM Resorts International is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.