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Apr 23, 2020
MGM Resorts (MGM, $13.81) anticipates almost -30% y-o-y drop in Q1 revenue

MGM Resorts (MGM, $13.81) anticipates almost -30% y-o-y drop in Q1 revenue

MGM Resorts International   warned of a nearly -30% year-over-year decline in its first-quarter revenue, as a result of coronavirus crisis-induced shutdown.

The Casino and hotel operator  mentioned in a regulatory filing that its preliminary anticipation for first-quarter consolidated revenue was $2.3 billion – which represents a -29% drop from the year-ago quarter’s figure. It is also behind FactSet consensus estimate of $2.48 billion.

Net revenue at the Las Vegas Strip resorts is expected to come in at $1.1 billion, which is -21% lower from the year ago. Period.

 Net revenue at MGM China is expected to be $272 million, which represents a -63% year-over-year decline.

The company mentioned that the global pandemic have had, and is expected to continue to have a substantial impact on its business.

Related Ticker: MGM

MGM sees its Stochastic Oscillator climbs out of oversold territory

On July 16, 2026, the Stochastic Oscillator for MGM moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 55 instances where the indicator left the oversold zone. In of the 55 cases the stock moved higher in the following days. This puts the odds of a move higher at over .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MGM advanced for three days, in of 298 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for MGM moved out of overbought territory on June 30, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 similar instances where the indicator moved out of overbought territory. In of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on July 08, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on MGM as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for MGM turned negative on June 17, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MGM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

MGM broke above its upper Bollinger Band on June 26, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MGM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.931) is normal, around the industry mean (8.185). P/E Ratio (64.247) is within average values for comparable stocks, (64.393). Projected Growth (PEG Ratio) (1.254) is also within normal values, averaging (1.731). MGM has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.022). P/S Ratio (0.714) is also within normal values, averaging (1.213).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MGM’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock better than average.

Notable companies

The most notable companies in this group are Las Vegas Sands Corp (NYSE:LVS), MGM Resorts International (NYSE:MGM), Wynn Resorts Limited (NASDAQ:WYNN), Melco Resorts & Entertainment Limited (NASDAQ:MLCO).

Industry description

The industry includes companies that operate and manage one or more of the following: lodging facilities (e.g. hotels and motels), resorts (e.g. ski resorts), spas, cruise ships and timeshare facilities. Marriott International, Inc., Carnival Corporation, Hilton Worldwide Holdings Inc. and Royal Caribbean Cruises Ltd. are some of the biggest names in this industry.

Market Cap

The average market capitalization across the Hotels/Resorts/Cruiselines Industry is 5.32B. The market cap for tickers in the group ranges from 1.24M to 30.28B. LVS holds the highest valuation in this group at 30.28B. The lowest valued company is SOST at 1.24M.

High and low price notable news

The average weekly price growth across all stocks in the Hotels/Resorts/Cruiselines Industry was 2%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 7%. BALY experienced the highest price growth at 19%, while FLL experienced the biggest fall at -7%.

Volume

The average weekly volume growth across all stocks in the Hotels/Resorts/Cruiselines Industry was -10%. For the same stocks of the Industry, the average monthly volume growth was -23% and the average quarterly volume growth was -44%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 59
P/E Growth Rating: 58
Price Growth Rating: 54
SMR Rating: 73
Profit Risk Rating: 85
Seasonality Score: -18 (-100 ... +100)
Related Portfolios: THE GAMING INDUSTRY
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General Information

a holding company that is primary engaged in the ownership and operation of casino resorts

Industry HotelsResortsCruiselines

Profile
Details
Industry
Casinos Or Gaming
Address
3600 Las Vegas Boulevard South
Phone
+1 702 693-7120
Employees
63000
Web
https://www.mgmresorts.com
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