MGM Resorts (MGM)
NYSEConsumer DiscretionaryResorts & CasinosSnapshot 2026-07-31
Reading MGM? Create a free portfolio, then add this holding for ongoing Reports and tracking. Track it in a free portfolio. No credit card.
Create your account →NYSEConsumer DiscretionaryResorts & CasinosSnapshot 2026-07-31
Reading MGM? Create a free portfolio, then add this holding for ongoing Reports and tracking. Track it in a free portfolio. No credit card.
Create your account →Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Consumer Discretionary is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar broken — Las Vegas Strip Resorts net revenues >= $2.2 billion in 2026-Q1: metric not reported.
View ThesisRevenue is growing steadily — about 3% over the past year.
View GrowthRanks among the strongest in its industry on quality — around the top 18%.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationModerate volatility — typically moves about 1% a day.
View RiskMGM's growth in Las Vegas operations has to keep compounding to justify the price. Revenue rose slightly in Q2, but the company missed earnings expectations, reporting EPS of $0.59 against a consensus of $0.63. It trades at 16× P/E versus a peer median of 16×, indicating that the price reflects less growth than forecasted. The primary risk is the elevated miss probability of 43% for the next quarter, which could signal further weakness if guidance is cut. Peer multiples imply a price about 35% above where it trades. This read is provisional.
Trailing returns as of 2026-07-31. MGM is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 23 analysts currently covering MGM (as of Jul 2026).
Based on 10 Wall Street analysts offering 12-month price targets for MGM in the last 4 months.
A consensus fair price across 10 valuation methods, at three horizons. As of 2026-08-01. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Casinos & Gaming — fair value, gap to price, and forward P/E.
Advances: Enhance Las Vegas Strip Resorts performance
Solid Q2 results enhance Las Vegas Strip performance.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-07-31. EPS is implied from price ÷ P/E. Not investment advice.
Current $44.57
The last 12 months of price, then the range of analyst 12-month targets from today’s $44.57.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Enhance Las Vegas offerings
Strong Las Vegas performance enhances growth outlook.

Advances: Enhance Las Vegas offerings
Beating sales expectations supports growth strategy.
Advances: Enhance Las Vegas offerings
Higher profit and revenue indicate growth in Las Vegas operations.
Threatens: Leverage all-inclusive promotion
BetMGM's outlook cut indicates competitive pressures affecting growth.

Regulatory scrutiny could hinder growth and capital allocation plans.
Advances: Enhance Las Vegas offerings
Q2 performance supports growth in Las Vegas offerings.
Potential partnership could enhance growth and offerings.
