The Latest Breaking News from MGM Resorts Intl

A Relative Strength Rating upgrade for MGM Resorts stock shows improving performance.

MGM Resorts Intl shows improving price performance, earning an upgrade to its IBD Relative Strength Rating

MGM Resorts Intl (NYSE:MGM) brought in sales totaling $2.85 billion during Q1 according to data provided by Benzinga Pro. However, earnings decreased 129.97%, resulting in a loss of $34.79 million.

MGM Resorts Intl (NYSE:MGM) has outperformed the market over the past 10 years by 1.35% on an annualized basis producing an average annual return of 13.19%. Currently, MGM Resorts Intl has a market capitalization of $17.75 billion.

MGM Resorts Intl (NYSE:MGM) reported its Q1 earnings results on Monday, May 2, 2022 at 04:15 PM. Here's what investors need to know about the announcement.

MGM Resorts Intl (NYSE:MGM) is set to give its latest quarterly earnings report on Monday, 2022-05-02. Here's what investors need to know before the announcement. Analysts estimate that MGM Resorts Intl will report an earnings per share (EPS) of $-0.07.

Over the past 3 months, 5 analysts have published their opinion on MGM Resorts Intl (NYSE:MGM) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Wells Fargo has decided to maintain its Overweight rating of MGM Resorts Intl (NYSE:MGM) and lower its price target from $60.00 to $56.00. Shares of MGM Resorts Intl are trading up 4.92% over the last 24 hours, at $41.49 per share.

If history is any guide, there may be trouble ahead for shares of MGM Resorts Intl (NYSE:MGM). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.