MGM Resorts International (MGM) earnings on April 29, 2026
More MGM Resorts International earnings
Prior outlook: Pessimistic Outcome: Partial
MGM's stock price experienced a slight drop at the close after an initial rise following its earnings report. The market's reaction was mixed, ending with a small loss.
MGM price around the earnings
38.94
Change: -0.8%
2026-04-30, 20:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Partial
- Thesis published
Mixed analyst views, strong past earnings, approaching resistance.
Analysts hold differing opinions on MGM, though the company has a history of strong earnings beats. The stock has seen a moderate price increase recently and is approaching a resistance level.
Context analyzed before publication
- Summary
- Mixed analyst views, strong past earnings, approaching resistance.
- Playbook
- Mixed analyst sentiment and the stock is nearing a resistance level. Upcoming earnings may hold potential surprises that could influence future price direction.
- Trend
- Moderate run-up, approaching resistance into earnings.
Analysts
Drivers
-
Analysts
Neutral
Analyst actions are divided, with some maintaining a neutral stance and raising price targets, while others remain underweight and lower their targets.
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 2.41
- Analysts covering the stock
- 18
- Average price target
- 42.67
- Lowest price target
- 30
- Highest price target
- 59
- Upside to price target
- 8%
- Quarterly earnings growth
- 86.5%
- Revenue growth
- 6%
- Forward EPS
- 2.31
- Trailing EPS
- 0.76
- Analyst moves in the last 60 days
- 4
- Strong buy: 1
- Buy: 9
- Hold: 9
- Sell: 3
- Strong sell: 0
- Strong buy
- 1
- Buy
- 9
- Hold
- 9
- Sell
- 3
- Strong sell
- 0
- April 16, 2026 · JP Morgan: Maintains rating (Neutral → Neutral)
- April 16, 2026 · Wells Fargo: Maintains rating (Underweight → Underweight)
- April 10, 2026 · UBS: Maintains rating (Neutral → Neutral)
- April 8, 2026 · Morgan Stanley: Maintains rating (Underweight → Underweight)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (4)
- JP Morgan Maintains Neutral on MGM Resorts International, Raises Price Target to $42 — Benzinga
- Wells Fargo Maintains Underweight on MGM Resorts International, Lowers Price Target to $30 — Benzinga
- UBS Maintains Neutral on MGM Resorts International, Lowers Price Target to $39 — Benzinga
- Morgan Stanley Maintains Underweight on MGM Resorts International, Raises Price Target to $35 — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock has shown upward momentum recently, but it is likely market review near a resistance level. The scenario reads pessimistic in the near term.
Evidence
- Average true range (ATR)
- 3.2%
- Distance to 52-week high
- -3.5%
- 14-day change (14d)
- +5.8%
- 30-day change
- +8.6%
- 30-day relative strength
- +2.7%
- Benchmark change
- +6.0%
- Nearest support
- 35.21
- Nearest resistance
- 40.93
- Volume accumulation ratio
- 0.94
Trends
Evidence
- Average earnings surprise
- +71.9%
- February 5, 2026: actual EPS 1.6 vs estimate 0.52 (surprise +209.1%)
- October 29, 2025: actual EPS 0.24 vs estimate 0.3 (surprise -19.9%)
- July 30, 2025: actual EPS 0.79 vs estimate 0.55 (surprise +44.0%)
- April 30, 2025: actual EPS 0.69 vs estimate 0.45 (surprise +54.3%)
Expected move
Drivers
-
Past earnings
Positive
MGM has a strong track record of beating earnings expectations, with a high average surprise of over 70% in the last four quarters.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 3.7%
- 75th percentile move
- 6.7%
- 90th percentile move
- 11.4%
- Up / down moves
- 6 / 13
- Average up move
- +6.7%
- Average down move
- -5.0%
Monitoring and close
What MGM Resorts International reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Partial
- Consolidated
- -0.8%
- Max favorable move (MFE)
- 2.3%
- Max adverse move (MAE)
- 3.4%