에 대한 최신 뉴스 MGM Resorts Intl (NYSE:MGM) 주식

MGM Resorts Intl

MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented a low 20s share of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and i-gaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.

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MGM 리조트 인터내셔널(NYSE:MGM)은 수요일 시장 마감 후 3분기 실적을 발표했다. 이 발표로 주가는 시간외 거래에서 5% 이상 하락했다. 3분기 실적의 세부사항을 살펴보겠다.

MGM 리조트의 주식은 부진한 3분기 실적 발표 후 시간외 거래에서 5% 이상 하락

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이들 12개 대형주는 지난주 최악의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 심보틱(NASDAQ:SYM)의 주가는 예상보다 나쁜 3분기 실적에 따라 지난주 39.23% 하락했고, 4분기 매출 전망도 부진했다. 

마이크로스트레티지 및 인텔은 지난주 최악의 성과를 보인 12개 대형주 중 일부 (7월 28일-8월 3일)

MGM 리조트 인터내셔널(NYSE:MGM)은 수요일 2분기 재무 결과를 발표했다. 보고서의 세부 내용은 다음과 같다. 주요 내용: MGM 리조트는 분기별 주당 순이익을 86센트로 보고했는데, 이는 분석가들의 합의 추정치인 62센트를 38.71%나 웃도는 수치이다.

MGM 리조트는 예상을 상회하는 2분기 매출 및 EPS에도 시간외 거래에서 주가 하락

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Casinos and bookmakers in Great Britain will be forced to pay a £100m-a-year levy to fund research, education and treatment of gambling harms, under government plans to be announced as soon as this week.
Labour is understood to be poised to <a href="https://www.theguardian.com/society/article/2024/jul/21/labour-urged-to-follow-through-on-tories-promised-100m-gambling-levy">rubber-stamp the previous government's proposal</a> to do away with a voluntary system that allows industry operators to choose how much to donate to tackle damage caused by gambling and which organisations should receive the money.
<a href="https://www.theguardian.com/society/2024/nov/25/labour-poised-announce-ratify-100m-gambling-levy-addiction-charity#:~:text=Casinos%20and%20bookmakers%20in%20Great,as%20soon%20as%20this%20week" title="https://www.theguardian.com/society/2024/nov/25/labour-poised-announce-ratify-100m-gambling-levy-addiction-charity#:~:text=Casinos%20and%20bookmakers%20in%20Great,as%20soon%20as%20this%20week">https://www.theguardian.com/society/2024/nov/25/labour-poised-announce-ratify-100m-gambling-levy-addiction-charity#:~:text=Casinos%20and%20bookmakers%20in%20Great,as%20soon%20as%20this%20week</a>.

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'Labour poised to announce £100m levy on gambling companies' - The Guardian

MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) underwent analysis by 11 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">7</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">2</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $51.09, a high estimate of $56.00, and a low estimate of $43.00. A 4.59% drop is evident in the current average compared to the previous average price target of $53.55. 
<img src="https://www.benzinga.com/files/images/story/2024/1732550456_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The standing of MGM Resorts Intl among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$50.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$54.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Brandt Montour</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$50.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Ben Chaiken</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$56.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Barry Jonas</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$56.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Stephen Grambling</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$44.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Daniel Politzer</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$47.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Brandt Montour</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$54.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$56.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Carlo Santarelli</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Buy</td>
<td>$52.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Stephen Grambling</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$43.00</td>
<td>$44.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to MGM Resorts Intl. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of MGM Resorts Intl compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of MGM Resorts Intl's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into MGM Resorts Intl's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/MGM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on MGM Resorts Intl analyst ratings.</a>
<h2>Delving into MGM Resorts Intl's Background</h2>
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented a low 20s share of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and i-gaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.
<h3>MGM Resorts Intl's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Over the 3 months period, MGM Resorts Intl showcased positive performance, achieving a revenue growth rate of 5.28% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: MGM Resorts Intl's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 4.41%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): MGM Resorts Intl's ROE stands out, surpassing industry averages. With an impressive ROE of 5.72%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): MGM Resorts Intl's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.44%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 9.9, caution is advised due to increased financial risk.
<h2>What Are Analyst Ratings?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

11 Analysts Assess MGM Resorts Intl: What You Need To Know

JMP Securities analyst Jordan Bender maintains MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) with a Market Outperform and lowers the price target from $54 to $50.

Price Target

JMP Securities Maintains Market Outperform on MGM Resorts Intl, Lowers Price Target to $50

Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) inked a 5.5-year Whole Portfolio Agreement (WPA) with MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), granting MGM access<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n42042991/cisco-and-mgm-resorts-international-sign-multi-year-agreement" rel="noreferrer noopener"> to Cisco&#8217;s software portfolio</a>.
The portfolio includes cybersecurity, software-defined networking, WAN, digital experience assurance, and data center services.
This collaboration aims to enhance the guest and employee experience across all MGM Resorts properties.
The agreement will automate MGM Resorts&#8217; network, enabling future location services and next-gen machine learning applications in gaming and hospitality, enhancing guest engagement.
Cisco&#8217;s technology will also ensure uptime and security, critical for delivering exceptional guest experiences in MGM&#8217;s 24/7 operations.
Branden Newman, Chief Technology Officer, MGM Resorts International, said, &#8220;The new agreement with Cisco will give our employees the technology, speed and agility they need as we continue to deliver amazing guest experiences at all MGM Resorts&#8217; destinations.&#8221;
Marco Mohajer, President, Technologent added, &#8220;Equipped with data from across the business, we can predict and proactively address MGM Resorts&#8217; technology and communication needs to deliver an exceptional customer experience.&#8221;
Last week, Cisco reported revenue of $13.84 billion for the quarter, beating analyst estimates of $13.77 billion. Adjusted earnings per share came in at 91 cents, exceeding the expected 87 cents per share, <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/24/11/41981019/cisco-shares-are-dropping-today-whats-going-on" rel="noreferrer noopener">according to&nbsp;Benzinga Pro</a>.
This marks the tenth consecutive quarter that Cisco has topped estimates for revenue and earnings.
Investors can gain exposure to the stock via&nbsp;iShares U.S. Telecommunications ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYZ#BATS">IYZ</a>) and&nbsp;First Trust NASDAQ Cybersecurity ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIBR#NASDAQ">CIBR</a>).
Price Action: CSCO shares are up 0.59% at $57.80 at the last check Monday.
Image via Shutterstock
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Cisco's 5.5-Year Pact With MGM Resorts Brings Next-Gen Tech To The Casino Floor And Beyond

Cisco And MGM Resorts Sign 5.5-Year Agreement To Deliver Next-Gen Guest Experiences With Cisco's Software Portfolio, Including Cybersecurity And Machine Learning Solutions Across MGM Properties; Financial Terms Not Disclosed

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Shares of companies within the broader consumer discretionary sector are trading higher. Investors may be reacting to the US presidential election and its impact on consumer spending.

The Los Angeles Dodgers won its eighth World Series title in 2024 with a comeback victory over the New York Yankees in Game 5. While the win could be great for Dodgers fans because it is the team's second title in four years, it could also help predict the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
What Happened: The Dodgers and Yankees — the two most valuable teams in key television markets — having faced off in the 2024 World Series <a href="https://www.benzinga.com/general/sports-betting/24/10/41521768/world-series-yankees-dodgers-showdown-could-boost-fox-betting-odds-how-to-watch-matchup-of">could help</a> the quarterly financial results of Fox Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>). The World Series saw strong <a href="https://sports.yahoo.com/world-series-ratings-dodgers-win-in-game-5-draws-largest-audience-in-7-years-003748091.html">viewership </a>thanks to the matchup and strong interest from Japanese fans thanks to Dodgers star Shohei Ohtani, who is from the country.
Similar to the Dodgers winning two championships in the past four years, the National Football League's (NFL) Kansas City Chiefs have had<a href="https://www.benzinga.com/news/24/02/37062134/kansas-city-chiefs-win-super-bowl-lviii-patrick-mahomes-says-we-are-not-done"> success in recent years</a>. The NFL team has Super Bowl wins in 2020, 2023 and 2024.
The Chiefs&#8217; Super Bowl <a href="https://www.benzinga.com/news/20/02/15233906/mahomes-shines-as-kansas-city-chiefs-clinch-first-super-bowl-title-in-50-years">win in 2020 </a>was its first Super Bowl championship in 50 years and kicked off a run that has the team considered one of the most recent NFL dynasties with three Super Bowl wins in four years.
Taking a look at the stats above, there's something in common, as pointed out by Ally Sammarco on <a href="https://x.com/Ally_Sammarco/status/1851981226892001530">X</a>.
In 2020, the Chiefs won the Super Bowl, the Dodgers won the World Series and Donald Trump lost the presidential election. In 2024, the Chiefs won the Super Bowl, the Dodgers won the World Series and Trump is running for president again, with the outcome to be determined.
Sammarco's post went viral on X with over two million views as the outcomes of the sports championships could be a precursor to the 2024 election and good news for the Democratic Party and Kamala Harris.
With 30 Major League Baseball (MLB) teams and 32 NFL teams, each season there is a 1/30 chance of a team winning the World Series and a 1/32 chance of a team winning the Super Bowl. Add the two outcomes together and there is a 1/960 chance of a specific MLB team and a specific NFL team each winning titles in the same year.
Of course in the case of the Chiefs and Dodgers, the teams have been good in recent years and among the favorites to win championships.
Tuesday's presidential election will determine whether the sports championships helped predict the winner or if the stat will go down only in sports history for the same two teams winning four years later.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent110124">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
 What's Next: Trump is currently the betting favorite to win the 2024 presidential election, with odds of -182 at BetMGM UK, which is a unit of a joint venture owned by MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) and Entain. Harris is the underdog at odds of +150. Trump has a 61.74% implied chance of winning the election based on the odds, with Harris having a 38.26% chance, according to <a href="https://www.actionnetwork.com/politics/2024-presidential-election-odds-and-predictions-what-are-candidates-chances-entering-final-weekend">data </a>from Action Network.
While there won't be a presidential election in 2025, the Dodgers and Chiefs could share in a championship stat again.
The Dodgers, fresh off their 2024 World Series title, are currently the favorites to win the 2025 World Series with odds of +400 at sportsbook DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), ranking ahead of the Yankees at +700.
The Chiefs, the only unbeaten team in the NFL for the 2024 season with a 7-0 record, are the favorites to win Super Bowl LIX in 2025. The Chiefs have odds of +400, edging out the Detroit Lions who are the next highest with odds of +600.
A Super Bowl win by the Chiefs in 2025 would make the team the first<a href="https://www.benzinga.com/general/entertainment/24/02/37080383/three-peat-super-bowl-lix-odds-kansas-city-chiefs-back-to-back-to-back-payout"> in NFL history</a> to win three consecutive Super Bowls.
Read Next: 
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<li><a href="https://www.benzinga.com/general/sports-betting/24/10/41589659/trump-vs-harris-state-by-state-2024-election-betting-odds-which-candidate-is-favored-to-wi">Trump Vs. Harris: State-By-State 2024 Election Betting Odds, Which Candidate Is Favored To Win In Your Community?</a></li>
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Kansas City Chiefs, Los Angeles Dodgers Championships Could Predict 2024 Presidential Election: Here's Who Has The Edge In Trump Vs. Harris

JMP Securities analyst Jordan Bender maintains MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) with a Market Outperform and lowers the price target from $56 to $54.

JMP Securities Maintains Market Outperform on MGM Resorts Intl, Lowers Price Target to $54

Barclays analyst Brandt Montour maintains MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) with a Overweight and lowers the price target from $54 to $50.

Barclays Maintains Overweight on MGM Resorts Intl, Lowers Price Target to $50

Mizuho analyst Ben Chaiken maintains MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) with a Outperform and lowers the price target from $57 to $56.

Mizuho Maintains Outperform on MGM Resorts Intl, Lowers Price Target to $56

MGM Resorts shares are trading lower after the company reported worse-than-expected Q3 financial results.

MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) reported its third-quarter results after Wednesday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/10/n41636337/mgm-resorts-international-reports-third-quarter-2024-financial-and-operating-results">details from the quarter. </a>
The Details: MGM Resorts reported quarterly earnings of 54 cents per share, which missed the analyst consensus estimate of 61 cents. Quarterly revenue came in at $4.2 billion, which missed the analyst consensus estimate of $4.21 billion.
<ul>
<li>Las Vegas Strip Resorts recorded net revenues of $2.1 billion in the quarter, an increase of 1% compared to the prior year quarter due primarily to an increase in non-gaming revenue, partially offset by a decrease in casino revenue. </li>
<li>Regional Operations recorded net revenues of $952&nbsp;million in the current quarter, compared to $925&nbsp;million in the prior year quarter, an increase of 3%, due primarily to an increase in casino revenue. </li>
<li>MGM China recorded net revenues of $929 million in the current quarter compared to $813 million in the prior year quarter, an increase of 14%. The current quarter was positively affected by the recovery of operations after the removal of COVID-19-related travel and entry restrictions in the first quarter of 2023.</li>
</ul>
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&#8220;We are pleased to report record consolidated net revenues for the third quarter, driven by record results from MGM China. In Las Vegas, we drove sequential improvement throughout the quarter and many key metrics are demonstrating strength including growth in ADR and occupancy,&#8221; said Bill Hornbuckle, CEO of MGM Resorts International.
&#8220;MGM Resorts is well positioned for long-term growth driven by the positive inflection to come in our digital investments alongside the enviable integrated resorts pipeline of development that we have in Japan as well as opportunities in New York and beyond,&#8221; Hornbuckle added. 
MGM Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, MGM Resorts shares are down 5.82% after-hours at $39 at the time of publication Wednesday.
Read Also:&nbsp;
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41497160/starbucks-analysts-bullish-on-ceo-brian-niccol-after-tough-preannouncement-zeroing-">Starbucks Analysts Bullish On CEO Brian Niccol After Tough Preannouncement: &#8216;Zeroing In&#8217; On Right Issues</a></li>
</ul>
Image: Pixabay

MGM Resorts Shares Slide After Worse-Than-Expected Q3 Results: Details

<h3>Gainers</h3>
<ul>
<li>Carvana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) shares rose 20.6% to $250.0 during Wednesday's after-market session. The company's market cap stands at $30.9 billion. The company's, Q3 earnings came out today. </li>
<li>Mister Car Wash (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCW#NYSE">MCW</a>) shares rose 13.68% to $7.56. The market value of their outstanding shares is at $2.4 billion. The company's, Q3 earnings came out today. </li>
<li>Etsy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>) shares increased by 10.58% to $53.07. The company's market cap stands at $6.0 billion. The company's, Q3 earnings came out today. </li>
<li>Floor &amp; Decor Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FND#NYSE">FND</a>) shares moved upwards by 9.29% to $110.26. The company's market cap stands at $11.8 billion. The company's, Q3 earnings came out today. </li>
<li>J-Long Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JL#NASDAQ">JL</a>) stock increased by 7.89% to $0.82. The market value of their outstanding shares is at $25.7 million. </li>
<li>Junee (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JUNE#NASDAQ">JUNE</a>) shares increased by 5.38% to $5.28. The market value of their outstanding shares is at $68.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Rocky Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCKY#NASDAQ">RCKY</a>) shares fell 13.2% to $24.13 during Wednesday's after-market session. The company's market cap stands at $179.7 million. As per the press release, Q3 earnings came out today. </li>
<li>eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) stock fell 9.79% to $56.5. The market value of their outstanding shares is at $27.6 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Sleep Number (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNBR#NASDAQ">SNBR</a>) shares fell 7.79% to $12.2. The market value of their outstanding shares is at $272.3 million. As per the press release, Q3 earnings came out today. </li>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) stock fell 7.66% to $0.1. </li>
<li>MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) shares decreased by 6.43% to $38.75. The market value of their outstanding shares is at $11.7 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Greenlane Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) stock fell 6.25% to $2.85. The market value of their outstanding shares is at $1.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CVNA

DBGI

EBAY

ETSY

GNLN

JUNE

RCKY

SNBR

12 Consumer Discretionary Stocks Moving In Wednesday's After-Market Session

MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) reported quarterly earnings of $0.54 per share which missed the analyst consensus estimate of $0.61 by 11.48 percent. The company reported quarterly sales of $4.20 billion which missed the analyst consensus estimate of $4.21 billion by 0.16 percent. This is a 5.71 percent increase over sales of $3.97 billion the same period last year.

Earnings Misses

MGM Resorts Intl Q3 2024 Adj EPS $0.54 Misses $0.61 Estimate, Sales $4.20B Miss $4.21B Estimate

Donald Trump and VIce President Kamala Harris are expected to see a close race and outcome in the head-to-head battle to win the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
Here's an update look at the betting odds in the race.
What Happened: The 2024 presidential election is expected to be close according to election polls, <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41576378/donald-trumps-election-odds-improve-to-66-after-viral-joe-rogan-podcast-and-controversial-">while prediction markets </a>are leaning in the opposite direction and have Trump winning.
Sportsbooks that offer betting on the 2024 presidential election see a result somewhere in the middle.
Trump is currently favored with odds of -192 at BetMGM UK, which is a unit of a joint venture from MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) and Entain. Harris ranks as the underdog with odds of +150, as <a href="https://www.actionnetwork.com/politics/presidential-election-odds-predictions-donald-trump-kamala-harris-days-until-election">reported </a>by Action Network.
The current odds give Trump implied odds of 62.18% to win the 2024 presidential election.
Here's a look at the current betting odds on a state-by-state basis to see where your home state ranks and which candidate is favored. 
Betting odds shown with a "-" are the favorite and the candidate with a "+" is the underdog. The chart also lists the implied percentage chance of winning.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>State</td>
<td>Donald Trump Odds, Percent Chance</td>
<td>Kamala Harris Odds, Percent Chance</td>
</tr>
<tr>
<td>Alabama </td>
<td>-10000, 97.12% </td>
<td>+3300, 2.88% </td>
</tr>
<tr>
<td>Alaska</td>
<td>-10000, 92.79% </td>
<td>+1200, 7.21% </td>
</tr>
<tr>
<td>Arizona</td>
<td>-455, 75.46% </td>
<td>+275, 24.64% </td>
</tr>
<tr>
<td>Arkansas</td>
<td>-10000, 96.84% </td>
<td>+3000, 3.16% </td>
</tr>
<tr>
<td>California</td>
<td>+3000, 3.16% </td>
<td>-10000, 96.84% </td>
</tr>
<tr>
<td>Colorado</td>
<td>+1400, 6.31% </td>
<td>-10000, 93.69% </td>
</tr>
<tr>
<td>Connecticut</td>
<td>+2000, 4.59% </td>
<td>-10000, 95.41% </td>
</tr>
<tr>
<td>Delaware</td>
<td>+2500, 3.74% </td>
<td>-10000, 96.26% </td>
</tr>
<tr>
<td>Florida</td>
<td>-2500, 90.58% </td>
<td>+900, 9.42% </td>
</tr>
<tr>
<td>Georgia</td>
<td>-286, 67.48% </td>
<td>+180, 32.52% </td>
</tr>
<tr>
<td>Hawaii</td>
<td>+2500, 3.74% </td>
<td>-10000, 96.26% </td>
</tr>
<tr>
<td>Idaho</td>
<td>-10000, 96.26% </td>
<td>+2500, 3.74% </td>
</tr>
<tr>
<td>Illinois</td>
<td>+2500, 3.74% </td>
<td>-10000, 96.26% </td>
</tr>
<tr>
<td>Indiana</td>
<td>-10000, 96.26% </td>
<td>+2500, 3.74% </td>
</tr>
<tr>
<td>Iowa</td>
<td>-10000, 93.69% </td>
<td>+1400, 6.31% </td>
</tr>
<tr>
<td>Kansas</td>
<td>-10000, 96.26% </td>
<td>+2500, 3.74% </td>
</tr>
<tr>
<td>Kentucky</td>
<td>-10000, 96.84% </td>
<td>+3000, 3.16% </td>
</tr>
<tr>
<td>Louisiana</td>
<td>-10000, 96.26% </td>
<td>+2500, 3.74% </td>
</tr>
<tr>
<td>Maine</td>
<td>+800, 10.22% </td>
<td>-4000, 89.78% </td>
</tr>
<tr>
<td>Maryland</td>
<td>+3300, 2.88% </td>
<td>-10000, 97.12% </td>
</tr>
<tr>
<td>Massachusetts</td>
<td>+3000, 3.16% </td>
<td>-10000, 96.84% </td>
</tr>
<tr>
<td>Michigan</td>
<td>-118, 50.00% </td>
<td>-118, 50.00% </td>
</tr>
<tr>
<td>Minnesota</td>
<td>+700, 11.50% </td>
<td>-2500, 88.50% </td>
</tr>
<tr>
<td>Mississippi</td>
<td>-10000, 98.06% </td>
<td>+5000, 1.94%</td>
</tr>
<tr>
<td>Missouri</td>
<td>-10000, 96.26% </td>
<td>+2500, 3.74% </td>
</tr>
<tr>
<td>Montana</td>
<td>-10000, 93.69% </td>
<td>+1400, 6.31% </td>
</tr>
<tr>
<td>Nebraska</td>
<td>-10000, 95.41% </td>
<td>+2000, 4.59% </td>
</tr>
<tr>
<td>Nevada</td>
<td>-182, 59.75% </td>
<td>+130, 40.25% </td>
</tr>
<tr>
<td>New Hampshire</td>
<td>+500, 15.29% </td>
<td>-1200, 84.71% </td>
</tr>
<tr>
<td>New Jersey</td>
<td>+1400, 6.37% </td>
<td>-5000, 93.63% </td>
</tr>
<tr>
<td>New Mexico</td>
<td>+1200, 10.36% </td>
<td>-5000, 89.64% </td>
</tr>
<tr>
<td>New York</td>
<td>+2500, 3.74% </td>
<td>-10000, 96.26% </td>
</tr>
<tr>
<td>North Carolina</td>
<td>-286, 67.48% </td>
<td>+180, 32.52% </td>
</tr>
<tr>
<td>North Dakota</td>
<td>-10000, 97.12% </td>
<td>+3300, 2.88% </td>
</tr>
<tr>
<td>Ohio</td>
<td>-10000, 93.69% </td>
<td>+1400, 6.31% </td>
</tr>
<tr>
<td>Oklahoma</td>
<td>-10000, 97.12% </td>
<td>+3300, 2.88% </td>
</tr>
<tr>
<td>Oregon</td>
<td>+1600, 5.61% </td>
<td>-10000, 94.39% </td>
</tr>
<tr>
<td>Pennsylvania</td>
<td>-137, 61.81% </td>
<td>+100, 38.19% </td>
</tr>
<tr>
<td>Rhode Island</td>
<td>+2500, 3.74% </td>
<td>-10000, 96.26% </td>
</tr>
<tr>
<td>South Carolina</td>
<td>-10000, 96.26% </td>
<td>+2500, 3.74% </td>
</tr>
<tr>
<td>South Dakota</td>
<td>-10000, 98.06% </td>
<td>+5000, 1.94% </td>
</tr>
<tr>
<td>Tennessee</td>
<td>-10000, 98.06% </td>
<td>+5000, 1.94% </td>
</tr>
<tr>
<td>Texas</td>
<td>-10000, 93.69% </td>
<td>+1400, 6.31% </td>
</tr>
<tr>
<td>Utah</td>
<td>-10000, 96.26% </td>
<td>+2500, 3.74% </td>
</tr>
<tr>
<td>Vermont</td>
<td>+5000, 1.94% </td>
<td>-10000, 98.06% </td>
</tr>
<tr>
<td>Virginia</td>
<td>+500, 15.29% </td>
<td>-1200, 84.71%</td>
</tr>
<tr>
<td>Washington</td>
<td>+2000, 4.59% </td>
<td>-10000, 95.41% </td>
</tr>
<tr>
<td>West Virginia</td>
<td>-10000, 97.12% </td>
<td>+3300, 2.88% </td>
</tr>
<tr>
<td>Wisconsin</td>
<td>-133, 53.31% </td>
<td>+100, 46.69% </td>
</tr>
<tr>
<td>Wyoming</td>
<td>-10000, 98.06% </td>
<td>+5000, 1.94% </td>
</tr>
</tbody>
</table>
</figure>
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent102824">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The betting odds above illustrate the importance of the seven swing states that have lower odds of one candidate winning.
The majority of the states have a huge favorite to win the 2024 presidential election based on past voting history.
Odds of -10000 mark a huge betting favorite as a $100 bet would profit $1 betting on this outcome.
The implied odds vary for each state with -10000 the highest betting odds, but the highest implied odds for Trump listed at 98.06%. Trump has a 98.06% chance of winning four different states (Mississippi, South Dakota, Tennessee, Wyoming).
Harris's top state by betting implied odds is Vermont at 98.06% followed by Maryland at 97.12%.
There is one state with split odds even of -118 betting odds and a 50% chance of each candidate winning and that is the key swing state of Michigan.
The next tightest market predicted by the betting odds above is Wisconsin with Trump the favorite at -133 and Harris the underdog at +100.
Based on the odds above, Trump is predicted to win at least six of the seven swing states (Arizona, Georgia, Nevada, North Carolina, Pennsylvania, Wisconsin), with Michigan a current coin-flip in the betting odds.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports-betting/24/10/41534317/if-trump-wins-2024-election-in-landslide-bettors-could-make-5x-20x-their-bets-at-uk-sports">If Trump Wins 2024 Election In Landslide, Bettors Could Make 5X, 20X Their Bets At UK Sportsbook</a></li>
</ul>
Photo: Shutterstock

Trump Vs. Harris: State-By-State 2024 Election Betting Odds, Which Candidate Is Favored To Win In Your Community?

<a href="https://news.bloomberglaw.com/antitrust/doj-backs-suit-accusing-vegas-hotels-of-algorithmic-price-fixing">https://news.bloomberglaw.com/antitrust/doj-backs-suit-accusing-vegas-hotels-of-algorithmic-price-fixing</a>
<ul>
<li>DOJ says use of algorithms can have anticompetitive effects</li>
<li>Plaintiffs filed appeal after district court dismissed case</li>
</ul>
The Justice Department filed an amicus brief supporting customers who accused Ceasars Entertainment Inc. and other Las Vegas hotel companies of using algorithms to fix prices.
"Pricing algorithms can process more information more rapidly than humans aided by prior communications technologies," the DOJ said in a brief <a href="https://www.bloomberglaw.com/public/document/GibsonetalvCendynGroupLLCetalDocketNo2435769thCirJun072024CourtDo/1?doc_id=X1C3FTC0O19985PKTQSAR19NQ0H">filed</a> Thursday in the US Court of Appeals for the Ninth Circuit. "For this reason, such algorithms can increase the means and opportunities for collusion among competitors."
The Vegas case is the first of its kind to reach a federal appeals court and is expected to impact similar suits going forward.
A group of consumer plaintiffs who stayed at various Vegas hotels filed an <a href="https://www.bloomberglaw.com/public/document/GibsonetalvCendynGroupLLCetalDocketNo2435769thCirJun072024CourtDo?doc_id=XN44RIOULS87MRO4N2HPLUJE1C">appeal</a> to the Ninth Circuit after Judge Miranda Du of the US District Court for the District of Nevada <a href="https://news.bloomberglaw.com/antitrust/caesars-other-vegas-hotels-win-dismissal-of-price-fixing-suit">dismissed</a> the case in May, saying they failed to plausibly allege a tacit agreement between the hotels to inflate room prices using algorithms built by the Rainmaker Group, a Cendyn Group LLC subsidiary.
In her ruling, Du said she reached her <a href="https://news.bloomberglaw.com/antitrust/las-vegas-ruling-offers-roadmap-for-ai-clashes-with-antitrust">decision</a> because the hotel-casinos signed up for the pricing software services at different times and the hotels weren't bound by the software's recommendations. A nearly identical suit accusing Atlantic City hotel-casinos was <a href="https://news.bloomberglaw.com/antitrust/hotel-casino-rulings-reveal-flaws-in-ai-price-fixing-allegations">dismissed</a> late last month on similar grounds.
The DOJ rejected Du's notion that the freedom to reject the software's pricing recommendations meant no collusion took place.

Legal

'DOJ Backs Suit Accusing Vegas Hotels Of Algorithmic Price-Fixing' - Bloomberg Law

The head-to-head matchup between Donald Trump and Vice President Kamala Harris is expected to be close according to election polls, but prediction markets and betting odds are favoring a higher likelihood of a landslide win in the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
What Happened: With less than two weeks until Election Day, <a href="https://www.benzinga.com/topic/election-poll">election polls show</a> a close race between Trump and Harris, as past months have predicted.
As the election nears, <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41518070/donald-trump-leads-but-harris-field-goal-could-win-the-game-says-analyst-who-thinks-predic">prediction markets </a>and sportsbooks have Trump with a better chance of winning with the latest odds showing his victory could be more decisive than the previously expected close race.
While betting on the outcome of U.S. elections is illegal at sportsbooks in the U.S., other countries offer betting options.
Odds from BetMGM UK, which is part of the BetMGM joint venture owned by MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) and Entain, offers betting on the presidential election.
The sportsbook currently lists Trump as the betting favorite to win the 2024 election at -182 and an implied chance of 58.71% to win the election. Harris is listed as the underdog with odds of +130 and an implied chance of 41.29% to win, as <a href="https://www.actionnetwork.com/politics/presidential-election-odds-presidential-election-predictions-kamala-harris-donald-trump">reported </a>by Action Network.
In money terms, this means a $100 bet on Trump to win would pay out a profit of $54.95 if he wins, while a $100 bet on Harris to win would pay out a profit of $130 if she wins.
Bettors have other options available on the sportsbook including individual states and the number of electoral college votes for each candidate.
Here are the current betting odds for Trump's electoral college vote totals and the implied percentage chance of the outcome happening:
<ul>
<li>179 or fewer: +2,000, 3.37%</li>
<li>180 to 209: +1,000, 6.43%</li>
<li>240-269: +350, 15.73%</li>
<li>270-299: +225, 21.78%</li>
<li>300-329: +175, 25.73%</li>
<li>330-359: +500, 11.79%</li>
<li>360+: +2,000, 3.37%</li>
</ul>
For Harris the most likely outcome according to the betting odds is winning 210 to 239 electoral college votes with a 25.77% chance.
With Trump now the more likely favorite to win the 2024 election, bettors could wager on the former president winning a specific range of electoral college votes. Getting between 300 and 329 electoral college votes is currently the favorite at +175.
Outcomes of 270 to 299 and 330 to 359 payout better odds of +225 and +500, respectively.
Here are the current profit payouts of several outcomes for $100 bet:
<ul>
<li>270-299: $225</li>
<li>300 to 329: $175</li>
<li>330 to 359: $500</li>
</ul>
While each of the outcomes could be bet, a person could also bet on Trump to win with the first and third ranges and hope that Trump doesn't fall in the 300 to 329 electoral college votes range.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent102424">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Landslide Victory?: The definition of a landslide victory will vary by source. There are a total of 538 electoral college votes available and a candidate needs 270 to win the election. Some of the most dominant wins in presidential election history have been Ronald Reagan securing 489 and 525 electoral college votes in 1980 and 1984, respectively. Richard Nixon secured 520 electoral college votes in the 1972 election.
While the odds for Trump getting over 450 electoral college votes is unlikely, he could potentially secure the most electoral college votes since the 426 won by George H.W. Bush in the 1988 election.
A map on <a href="https://www.270towin.com/">270towin.com</a> shows Republicans likely to win at least 219 votes and the Democrats to win at least 226 votes. This is based on the states that typically lead one way or the other historically.
What's left are the seven swing states of Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin. These states represent 93 votes total in the election and are likely to determine the outcome of the race.
Biden won six of the seven swing states in the 2020 election, including several flipping from Trump's win in the 2016 election.
If Trump is able to win all seven swing states, he would likely sit at a total of 312 electoral college votes, falling into the 300 to 329 window. This could be one likely betting option. If Trump does not win all seven swing states, the more likely outcome is falling into the 270 to 299 window, which pays out more to bettors.
Winning 312 and all seven swing states will still likely be considered a landslide and would be more than the 304 won by Trump in 2016 and the 306 won by Joe Biden in 2020.
To win the 360+ needed for a $2,000 profit on a $100 bet, Trump would need to win all Republican-favored states, all seven swing states and flip some typical Democrat-winning states red.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/10/41477318/trump-vs-harris-vice-president-holds-slim-lead-losing-momentum-in-key-demographics-favorability-">Trump Vs. Harris: Vice President Holds Slim Lead, Losing Momentum In Key Demographics, Favorability After Media Blitz</a></li>
</ul>
Photo: Shutterstock

Global

If Trump Wins 2024 Election In Landslide, Bettors Could Make 5X, 20X Their Bets At UK Sportsbook

12 analysts have shared their evaluations of MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">7</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated MGM Resorts Intl and provided 12-month price targets. The average target is $52.92, accompanied by a high estimate of $63.00 and a low estimate of $43.00. A decline of 2.9% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1729699247_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of MGM Resorts Intl among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Barry Jonas</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$56.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Stephen Grambling</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$44.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Daniel Politzer</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$47.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Brandt Montour</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$54.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$56.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Carlo Santarelli</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Buy</td>
<td>$52.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Stephen Grambling</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$43.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>Chad Beynon</td>
<td>Macquarie</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$55.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$57.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Steven Wieczynski</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$63.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Daniel Politzer</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$53.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Joseph Stauff</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$55.00</td>
<td>$54.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to MGM Resorts Intl. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of MGM Resorts Intl compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for MGM Resorts Intl's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
For valuable insights into MGM Resorts Intl's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/MGM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on MGM Resorts Intl analyst ratings.</a>
<h2>Delving into MGM Resorts Intl's Background</h2>
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.
<h3>Financial Insights: MGM Resorts Intl</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Positive Revenue Trend: Examining MGM Resorts Intl's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 9.77% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: MGM Resorts Intl's net margin excels beyond industry benchmarks, reaching 4.33%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 5.61%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): MGM Resorts Intl's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.45%, the company may face hurdles in achieving optimal financial performance.
Debt Management: MGM Resorts Intl's debt-to-equity ratio surpasses industry norms, standing at 9.77. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>How Are Analyst Ratings Determined?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

MGM Resorts Intl Stock: A Deep Dive Into Analyst Perspectives (12 Ratings)

Truist Securities analyst Barry Jonas maintains MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) with a Buy and lowers the price target from $58 to $56.

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