MGM Resorts International (MGM) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- -$0.11
- Estimate
- $0.08
- Surprise
- -231.7%
- Revenue (period 2026-09-30)
- $4.21B
- Score at report (before → after)
- 5.4 → 5.4/10
Revenue source: xbrl.
How the report landed
MGM Resorts International (MGM) reported a wider loss than forecast — adjusted EPS of -$0.11 against the $0.08 estimate (a 231.7% shortfall). TrendMatrix's engine moved from Buy (Wait) (5.4/10) to Sell at 5.4/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates MGM Sell at 5.4/10.
3 of the last 4 quarters beat the estimate; this quarter's -231.7% surprise compares with a -9.6% four-quarter average.
What supports the rating
- Strong earnings beat streak (3/4)
- Attractive valuation
What argues against it
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.9)
- Sector modifier (Consumer Cyclical): -1.5
- Leverage penalty (D/E 8.9): -1.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $27.27
- Price target
- $37.52
- Stop
- $26.38
- Upside to target
- +37.6%
- Reward-to-risk
- 5.1:1
At 16.8× trailing and 15.4× forward earnings, consensus estimates imply little change in earnings power.
Risk check: trading volume is running 1.7× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-29 — shown for context, not personalized investment advice.
MGM at TrendMatrix's latest read
Cyclical consumer names live and die on demand momentum — same-quarter comps and guidance carry more weight than the headline surprise.
- Industry
- Resorts & Casinos
- Market cap
- $6.86B
- P/E (fwd)
- 15.4
- P/E (ttm)
- 16.8
- 52-week range
- $27.20–$51.59
- Off 52-week high
- 47.1%
- RSI (14)
- 31
- Volume vs avg
- 1.69×
- Score today
- 5.4/10