Melco Resorts & Entertainment Ltd expected to post earnings of 7 cents a share - Earnings Preview

Reuters11-01

* Melco Resorts & Entertainment Ltd is expected to show a rise in quarterly revenue when it reports results on November 5 for the period ending September 30 2024

* The Hong Kong-based company is expected to report a 12.6% increase in revenue to $1.146 billion from $1.02 billion a year ago, according to the mean estimate from 4 analysts, based on LSEG data. (Sales/revenue majority basis is on Net/Operating revenue)

* ​LSEG's mean analyst estimate for Melco Resorts & Entertainment Ltd is for earnings of 7 cents per share.

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months. ​

* Wall Street's median 12-month price target for Melco Resorts & Entertainment Ltd is 9.40​, above​ its last closing price of $6.72. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 0.05 0.03 0.05 Beat -33.2

Mar. 31 2024 0.02 0.03 0.04 Beat 32.1

Dec. 31 2023 -0.01 0.04 -0.36 Missed -1,014

Jan. 1 0001 0.02 0.03 -0.04 Missed -206.3

​​Jan. -0.08 -0.06 -0.05 Beat 16.9

1 0001

Mar. 31 2023 -0.32 -0.31 -0.18 Beat 41.6​

Dec. 31 2022 -0.79 -0.83 -0.57 Beat 32.2

Sep. 30 2022 -0.58 -0.56 -0.18 Beat 68.6

This summary was machine generated November 1 at 14:03 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

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