MGM Resorts ( MGM ) last week reported its Q1 2016 earnings, which plunged over 60% amid continued weakness in its Macau business. We have recently updated our model to incorporate the results. Our revised price estimate for MGM Resorts is $24, which is around 5% ahead of the current market price. It should be noted that there has been no significant change to our forecast for the company. The table below summarizes MGM's performance in Q1.
See our complete analysis of MGM Resorts | Las Vegas Sands | Wynn Resorts
1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email email@example.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively.
3) MGM's revenue figures shown above are gross revenues and are not adjusted for promotional allowances.
2) MGM Resorts' SEC Filings
For precise figures, please refer to our complete analysis for MGM Resorts
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