MLCO Earnings Prediction
The chart below shows how MLCO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MLCO sees a +3.94% change in stock price 10 days leading up to the earnings, and a -0.60% change 10 days following the report. On the earnings day itself, the stock moves by -1.87%. This data can give you a slight idea of what to expect for the next quarter's release.
MLCO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.18B
15.52%
1.33%
Gross Margin
25.44%
6.13%
3.29%
Operating Margin
11.79%
26.64%
10.50%
Net Margin
1.08%
129.83%
-1081.82%
EPS
0.02
300.00%
0.00%
No Data Available
MLCO Earnings Analysis
Melco Resorts & Entertainment Limited American Depositary Shares Corporation (MLCO.O) Earnings Conference Call
Positive
EBITDA Growth Report: In the third quarter of 2024, Melco Resorts reported a group-wide adjusted property EBITDA of approximately $323 million, reflecting a 7% increase compared to the second quarter.
Positive EBITDA Impact: Favorable win rates at City of Dreams Macau and Studio City positively impacted property EBITDA by around $27 million.
Operational Discipline Stability: The company has maintained stable operational discipline, with OpEx in Macau remaining stable at approximately $2.9 million per day, excluding the cost of the Studio City residency conference.
Strong Liquidity Position: As of September 30, 2024, Melco had approximately $1.2 billion of consolidated cash on hand and over $3 billion in available liquidity, ensuring a robust liquidity position.
Share Repurchase Commitment: Melco repurchased $112 million worth of shares during the quarter, reflecting a commitment to return capital to shareholders.
Negative
Mass Drop Increase: A mass drop was up more than 20% year-over-year.
Golden Week Performance: We saw a very strong Golden Week visitation and spending.
EBITDA Growth Potential: We are below 70% of that number, suggesting that there's a lot of potential, a lot of EBITDA potential in the future.
Capital Expenditure Estimate: We are looking for total of CapEx of approximately $115 million.
Capital Expenditure Target: We are targeting somewhere in the range of $400 million for CapEx next year.
MLCO FAQs
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MLCO Earning Call Sentiment
Melco Resorts & Entertainment Limited (MLCO) Q3 2024 Earnings Call Transcript
1.0x
00:00
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MLCO.O
-1.96%Positive
The earnings call highlights strong financial performance with a 7% increase in adjusted property EBITDA and successful share repurchases, indicating confidence in the company's financial health. The opening of new facilities and partnerships, such as the City of Dreams Srilanka and Aristocrat Gaming, are positive growth indicators. Despite some risks, like competitive pressures and regulatory issues, the positive sentiment from analysts, especially during the Q&A session, and ongoing strategic initiatives suggest a positive stock price movement over the next two weeks.
