Melco Resorts & Entertainment (MLCO) to Release Earnings on Tuesday

Melco Resorts & Entertainment (NASDAQ:MLCO) is scheduled to be releasing its earnings data before the market opens on Tuesday, April 30th. Analysts expect Melco Resorts & Entertainment to post earnings of $0.02 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Melco Resorts & Entertainment (NASDAQ:MLCO) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.10. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.14 billion. The business’s revenue for the quarter was up 224.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.51) earnings per share. On average, analysts expect Melco Resorts & Entertainment to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Melco Resorts & Entertainment Stock Performance

MLCO opened at $6.34 on Monday. Melco Resorts & Entertainment has a 1 year low of $6.10 and a 1 year high of $14.00. The stock’s 50 day simple moving average is $7.27 and its 200-day simple moving average is $7.86.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MLCO shares. Morgan Stanley restated an “equal weight” rating and set a $9.60 price objective on shares of Melco Resorts & Entertainment in a research report on Tuesday, January 2nd. StockNews.com upgraded Melco Resorts & Entertainment from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Melco Resorts & Entertainment presently has a consensus rating of “Moderate Buy” and an average price target of $14.78.

About Melco Resorts & Entertainment

Melco Resorts & Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment casino resort facilities in Asia. It owns and operates City of Dreams, an integrated casino resort that has 500 gaming tables and 800 gaming machines; approximately 1,400 hotel rooms and suites; a wet stage performance theater with approximately 2,000 seats; approximately 30 restaurants and bars, and 150 retail outlets; and recreation and leisure facilities, including health and fitness clubs, swimming pools, spa and salons, and banquet and meeting facilities.