MGM Stock Fair Value Calculator – MGM RESORTS INTERNATIONAL Reports Third Quarter Earnings Results for 2023

🌥️Earnings Overview

On November 8, 2023, MGM ($NYSE:MGM) Resorts International reported its financial results for the quarter ending September 30, 2023. Total revenue for this period totaled USD 3973.2 million, a 16.3% increase compared to the same quarter of the previous year. Net income for the third quarter was USD 161.1 million, representing an increase of 127.9% year-over-year.

Price History

On Wednesday, MGM RESORTS INTERNATIONAL reported its third quarter earnings results for 2023. The company’s stock opened at $38.6 and closed at the same price, up by 1.0% from the prior closing price of $38.3. With its new growth initiatives, strategic initiatives, and strong financial performance, investors are optimistic about the future of MGM RESORTS INTERNATIONAL. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for MGM. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for MGM. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for MGM. More…

Key Ratios Snapshot

Some of the financial key ratios for MGM are shown below. More…

Analysis – MGM Stock Fair Value Calculator

At GoodWhale, we recently conducted an analysis of MGM RESORTS INTERNATIONAL’s wellbeing. Through our proprietary Valuation Line, we calculated that the fair value of MGM RESORTS INTERNATIONAL share is around $79.5. Unfortunately, MGM RESORTS INTERNATIONAL stock is currently being traded at $38.6, which is undervalued by 51.5%. This discrepancy provides an interesting opportunity for investors to purchase MGM RESORTS INTERNATIONAL stock at a discounted price. By doing so, the investor can benefit from the potential appreciation of MGM RESORTS INTERNATIONAL share if the company’s wellbeing improves in the future. More…

Peers

MGM Resorts International is one of the world’s leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay, The Mirage, and more. The company’s competitors include SkyCity Entertainment Group Ltd, Wyndham Hotels & Resorts Inc, and Cruzani Inc.

– SkyCity Entertainment Group Ltd ($NZSE:SKC)

SkyCity Entertainment Group Ltd is a casino and hospitality company based in New Zealand. The company has a market cap of 2B as of 2022 and a Return on Equity of 3.48%. SkyCity operates four casinos in New Zealand, two in Australia, and one in Chile. The company also has a number of hotels, restaurants, and bars.

– Wyndham Hotels & Resorts Inc ($NYSE:WH)

Wyndham Hotels & Resorts, Inc. is one of the largest hotel companies in the world, with over 9,000 hotels across more than 80 countries. The company offers a variety of hotel brands, including Wyndham, Ramada, Days Inn, Super 8, and Howard Johnson. Wyndham Hotels & Resorts is headquartered in Parsippany, New Jersey. The company’s market cap is 6.2B as of 2022 and its ROE is 30.65%.

Summary

MGM Resorts International reported strong financial earnings for the third quarter of 2023, with total revenue of USD 3973.2 million and net income of USD 161.1 million, both representing significant increases compared to the same quarter of the previous year. These figures reflect positive investor sentiment in MGM Resorts International, who have seen their stock price steadily increase throughout the year. The company has also made strategic investments in their business, which has paid off through increased revenue and profitability. Investors can feel confident that MGM Resorts International is in a strong position going forward.