MGM Resorts International Fourth Quarter Earnings Sneak Peek

MGM Resorts International (NYSE:MGM) will unveil its latest earnings on Wednesday, February 22, 2012. MGM Resorts International is a holding company which, through its wholly-owned subsidiaries, owns and operates casino resorts.

MGM Resorts International Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 19 cents per share, a narrower loss from the year-earlier quarter net loss of 20 cents. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting net loss of 53 cents per share versus profit of $1.01 last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting a loss of 14 cents per share against a mean estimate of net loss of 15 cents per share.

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?

Wall St. Revenue Expectations: Analysts predict a rise of 47.6% in revenue from the year-earlier quarter to $2.17 billion.

Analyst Ratings: Analysts are bullish on this stock, with 15 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

A Look Back: In the third quarter, the company’s loss narrowed to a loss of $123.8 million (25 cents a share) from a loss of $318 million (72 cents) a year earlier, beating analyst expectations. Revenue rose 43.4% to $2.23 billion from $1.56 billion.

Key Stats:

For four quarters in a row, revenue has increased. Revenue rose 17.4% in the second quarter from the year earlier, climbed 3.3% in the first quarter from the year-ago quarter and 1% in the fourth quarter of the last fiscal year.

Stock Price Performance: Between December 19, 2011 and February 16, 2012, the stock price had risen $5.72 (63.4%), from $9.02 to $14.74. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 20, 2011, when shares rose for eight straight days, increasing 9.3% (+94 cents) over that span. It saw one of its worst periods between April 20, 2011 and April 29, 2011 when shares fell for seven straight days, dropping 5.5% (-74 cents) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Additional Hot Stories:

Why Are Gas Prices Climbing?

Organic Farming: The New Frontier

Will Gold Cleanse The World From Dirty Fiat Currencies?

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com