MGM Resorts International (MGM) earnings on July 29, 2026

After the market closes Q2 2026

More MGM Resorts International earnings

Prior outlook: Pessimistic Outcome: Partial

MGM's stock ended nearly flat after earnings, even though the company beat profit and sales estimates. The market had already priced in the good news.

MGM price around the earnings

45.66

Change: -0.4%

2026-07-30, 20:00 UTC

Start of the measured window End of the measured window
44.50 45.38 46.25 47.13 45.83
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)No trading (market closed)
July 29, 2026 July 30, 2026
  • 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
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Partial

Thesis published
Results released

Buy-rated with moderate upside and a deal catalyst, but negative quarterly growth and mixed earnings history, and the scenario points pessimistic.

Context analyzed before publication

Trend
Recent sharp decline into earnings, following a period of recovery, suggests the price comes from a strong recent drop despite deal talks.

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
2.41
Analysts covering the stock
18
Average price target
49.91
Lowest price target
43
Highest price target
59
Upside to price target
9%
Quarterly earnings growth
-15.8%
Revenue growth
4.2%
Forward EPS
2.21
Trailing EPS
0.73
Analyst moves in the last 60 days
8
  • Strong buy: 1
  • Buy: 8
  • Hold: 11
  • Sell: 2
  • Strong sell: 0
Strong buy
1
Buy
8
Hold
11
Sell
2
Strong sell
0
  • July 29, 2026 · Susquehanna: Maintains rating (Positive → Positive)
  • July 9, 2026 · Barclays: Maintains rating (Equal-Weight → Equal-Weight)
  • July 7, 2026 · Wells Fargo: Upgrades rating (Underweight → Equal-Weight)
  • July 7, 2026 · Macquarie: Maintains rating (Outperform → Outperform)
  • June 15, 2026 · Stifel: Downgrades rating (Buy → Hold)
  • June 12, 2026 · JP Morgan: Maintains rating (Overweight → Overweight)
  • June 4, 2026 · UBS: Maintains rating (Neutral → Neutral)
  • June 3, 2026 · CBRE: Downgrades rating (Buy → Hold)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (6)

Technicals

Evidence

Price when the context was analyzed
46.19
Average true range (ATR)
2.1%
Distance to 52-week high
-9.6%
14-day change (14d)
-1.0%
30-day change (32d)
-6.0%
30-day relative strength
-7.6%
SPY change (32d)
+1.6%
Nearest support
45.99
Distance to nearest support
0.4%
Nearest resistance
46.31
Distance to nearest resistance
0.3%
Volume accumulation ratio (14d / 46d)
0.44
  • Minor: 45.99 (0.4% away, 0.21 ATR, 6 touches)
  • Minor: 45.58 (1.3% away, 0.64 ATR, 7 touches)
  • Mid: 45.3 (1.9% away, 0.93 ATR, 3 touches)
  • Major: 46.31 (0.3% away, 0.13 ATR, 20 touches)
  • Mid: 46.54 (0.8% away, 0.37 ATR, 25 touches)
  • Mid: 46.92 (1.6% away, 0.77 ATR, 29 touches)

Trends

Evidence

Average earnings surprise
+53.8%
  • April 29, 2026: actual EPS 0.49 vs estimate 0.48 (surprise +1.3%)
  • February 5, 2026: actual EPS 1.6 vs estimate 0.55 (surprise +189.6%)
  • 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%)

Expected move

Implied move
+5.1%
Source
Options chain

Reactions over its last 20 earnings

Median move
3.5%
75th percentile move
6.5%
90th percentile move
11.2%
Up / down moves
6 / 14
Average up move
+6.7%
Average down move
-4.7%

Monitoring and close

What MGM Resorts International reported

Status
Finished
Actual EPS0.59
EPS estimate0.57
EPS surprise+3.5%
Revenue$4,450 million
Revenue estimate$4,421 million
Revenue surprise+0.7%

MGM posts record Q2 revenues but earnings fall as China and regional margin pressure offset Las Vegas and digital growth, pessimistic.

Sources (15)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating -1.8% pre-market, a move below the stock's usual reaction (about 4%). The figures confirm the pessimistic scenario. In the 945 similar cases from our market history, the close held that direction 71% of the time.

How the stock reacted

Outcome
Partial
Consolidated
-0.4%
Max favorable move (MFE)
2.9%
Max adverse move (MAE)
0.9%