This operator of casino resorts has seen a mixed track record when it comes to estimate revisions of 4 increases and 1 decrease over the past 60 days. Meanwhile, the Zacks Consensus Estimate has moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.
MGM Resorts currently holds a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Investors interested in the gaming industry may also consider stocks like Caesars Acquisition Company (CACQ), Melco Crown Entertainment Limited (MPEL) and Multimedia Games Holding Company, Inc. (MGAM). While CACQ sports a Zacks Rank #1 (Strong Buy), MPEL and MGAM hold the same Zacks Rank as MGM Resorts.
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