The company has a trailing four-quarter earnings surprise of 1,565.1%, on average. FNKO.Ĭiveo sports a Zacks Rank #2 (Buy) at present. Some better-ranked stocks in the Consumer Discretionary sector are Civeo Corporation CVEO, Bluegreen Vacations Holding Corporation BVH and Funko, Inc. MGM Resorts carries a Zacks Rank #3 (Hold). Notwithstanding the easing of certain COVID-19 protective measures by authorities worldwide, certain travel restrictions, quarantine measures, testing requirements and capacity limitations remain in effect at its Macau operations. During the first quarter, MGM China's net revenues fell 9% year over year to $268 million. During first-quarter 2022, the company witnessed a dismal performance in the Macau region due to subdued visitation. MGM’s dismal performance in Macau has been hurting its results. Also, emphasis on monetizing its real estate assets and boosting its domestic cash position bode well. Sports betting and iGaming continues to be major growth driver. The company has been benefiting from the pent-up consumer demand, high domestic casino spending and strong international leisure trends. Shares of MGM Resorts have fallen 14.9% in the past six months, compared with the industry’s decline of 38.8%.
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