MGM Resorts (MGM) Q4 Earnings: What to Expect Ahead of the Release

As MGM Resorts International (MGM) prepares to release its fourth quarter and full year 2024 earnings after the market closes on Wednesday, February 12, investors and analysts are eagerly awaiting the results. The company has consistently surpassed Wall Street's EPS estimates in three of its last four quarterly reports, while missing on another occasion. For the full year 2024, analysts expect MGM to report EPS of $2.41, down 9.7% from $2.67 in fiscal 2023.

MGM Resorts' strategic focus on premium positioning and offerings in Las Vegas has contributed to its record-breaking financial performance in recent quarters. The company's Las Vegas Strip Resorts and MGM China set new all-time records for full year and fourth quarter Adjusted Property EBITDAR in 2024. The company's premium positioning and offerings enable it to capture incremental profit during major events such as the inaugural Formula 1 race and its first Super Bowl, as highlighted by Bill Hornbuckle, CEO and President of MGM Resorts.



The launch of MGM Resorts' strategic partnership with Marriott International in January 2025 is expected to drive impressive early results, as noted by Hornbuckle. The partnership allows Marriott Bonvoy members to earn and spend points on stays at select MGM properties, bringing a new customer base and growing the transient segment. This strategic alliance is anticipated to benefit MGM Resorts by attracting a broader range of customers, including those who may not have previously considered staying at an MGM property.

MGM Resorts' growth in the Las Vegas market has been driven by several key factors, including premium positioning and offerings, major events, and the strategic partnership with Marriott International. These trends appear sustainable in the long term, given the resilience of the Las Vegas market and the continued appeal of MGM Resorts' luxury offerings. The company's strong performance in the fourth quarter of 2024, marked by record-breaking Adjusted Property EBITDAR for both Las Vegas Strip Resorts and MGM China, underscores the potential for continued growth and success in the coming years.

As investors and analysts await MGM Resorts' Q4 earnings release, they can expect the company to build on its recent momentum and deliver strong results, driven by its strategic focus on premium positioning, major events, and strategic partnerships. With a market capitalization of $9.8 billion and a forward P/E ratio of 15.66, MGM Resorts offers an attractive investment opportunity for those seeking exposure to the growing casino and hospitality sector.