MGM Resorts International · MGM · Next earnings

MGM Resorts International reports Thursday, Feb 4, 2027

MGM reports after market close with consensus EPS at $0.32 and revenue at $4.42B. Last quarter: MGM posts solid Q3 as fuel costs pressure leisure demand

Reports After market close91 days awayDate estimated Consumer Cyclical

What the street expects

Consensus for the coming report
Consensus EPS $0.32 Calendar consensus
Consensus revenue $4.42B Calendar consensus
Report date Feb 4, 2027 Thursday, date estimated
Session After market close 91 days away

Where MGM left off: FY2026 Q3

Full report

MGM posts solid Q3 as fuel costs pressure leisure demand

EPS surprise -405.6% Reported $-0.11 vs $0.04
Revenue surprise -0.1% Reported $4.21B vs $4.21B
Stock move -2.6% Event window
Subsequent drift 0.0% Up to 20 sessions

Maintained: management reaffirmed full-year guidance; no increase or reduction was supplied in the analysis.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Leisure demand, ADRs and occupancy may remain sensitive to elevated jet fuel, airline and gasoline prices.
  • A new Strip competitor planned for next year could pressure market share.
  • Brazilian and U.S. iGaming regulation may affect digital expansion and costs.
  • Capital allocation must balance Osaka investment, property upgrades and share repurchases.

Questions analysts left open

  • Whether leisure demand has bottomed and how it affects ADRs.
  • The capital-allocation trade-off between share repurchases and Osaka investment.
  • Potential market-share pressure from a new Strip competitor.
  • Macau margins and promotional spending, plus the cost structure after the Brazil shutdown.

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Recent MGM quarters

All MGM earnings
-2.6%FY2026 Q3-0.4%FY2026 Q2-0.8%FY2026 Q1+3.3%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.