Earnings Outlook For Melco Resorts and Enter

Melco Resorts and Enter MLCO is gearing up to announce its quarterly earnings on Tuesday, 2024-11-05. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Melco Resorts and Enter will report an earnings per share (EPS) of $0.07.

The announcement from Melco Resorts and Enter is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Earnings History Snapshot

During the last quarter, the company reported an EPS missed by $0.01, leading to a 0.58% drop in the share price on the subsequent day.

Market Performance of Melco Resorts and Enter's Stock

Shares of Melco Resorts and Enter were trading at $6.72 as of November 01. Over the last 52-week period, shares are down 10.94%. Given that these returns are generally negative, long-term shareholders are likely unhappy going into this earnings release.

To track all earnings releases for Melco Resorts and Enter visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.