20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
MGM Resorts Intl (NYSE:MGM) is set to give its latest quarterly earnings report on Wednesday, 2022-02-09. Here's what investors need to know before the announcement.
Analysts estimate that MGM Resorts Intl will likely report an Earnings Per Share (EPS) of $0.02.
MGM Resorts Intl bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Historical Earnings Performance
Last quarter the company beat EPS by $0.04, which was followed by a 2.67% drop in the share price the next day.
Here's a look at MGM Resorts Intl's past performance and the resulting price change:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | -0.01 | -0.44 | -0.85 | -0.9 |
| EPS Actual | 0.03 | -0.13 | -0.68 | -0.9 |
| Price Change % | -2.67% | 6.44% | -3.81% | -3.21% |
Stock Performance
Shares of MGM Resorts Intl were trading at $45.61 as of February 07. Over the last 52-week period, shares are up 27.47%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
If you want to track all upcoming earnings announcements, check out our Earnings Calendar here
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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