MGM Resorts International(MGM)Earnings Date, History & Expected Move

Next report date, beat rate and options-implied move

Next report

Oct 28, 2026

MGM is scheduled to report on Oct 28, 2026, after the market closes. Analysts expect EPS of $0.13.

Next report

Oct 28, 2026

In 4 days · after close

EPS beat rate

75%

9 of 12 quarters

Avg move after earnings

±5.3%

Up 25% of the time · last 12

Options-implied move

±6.3%

1.18x history · options look fairly priced

Options fairly priced vs history (1.18x)

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EPS: Actual vs Estimate

Reported EPS against the consensus estimate, last 12 quarters.

Green beat or met, red missed, amber sources differ.

Stock Reaction After Earnings

Close-to-close move in the first session that reflected each report.

Dashed lines: average actual move (±5.3%) and what options price for the next report (±6.3%).

Did the stock rise after good news?

The next-day move after each of its last 9 EPS beats and 3 misses.

When it beat expectations

9 reports

▲ Rose 3×

▼ Fell 6×

When it missed expectations

3 reports

▼ Fell 3×

In plain words: it beat expectations 9 times, but the stock still fell 6 of those 9 times.

Report by report

Jul '26
Beat
▼ -0.4%
Apr '26
Missed
▼ -0.8%
Feb '26
Beat
▲ +3.3%
Oct '25
Missed
▼ -1.6%
Jul '25
Beat
▼ -3.8%
Apr '25
Beat
▼ -1.9%
Feb '25
Beat
▲ +17.5%
Oct '24
Missed
▼ -11.0%
Jul '24
Beat
▼ -13.2%
May '24
Beat
▲ +2.8%
Feb '24
Beat
▼ -6.3%
Nov '23
Beat
▼ -1.1%

Clear beats and misses with a known reaction only. What counts as a beat

After an EPS beat

-0.3%

average next-day move · up 33% of 9 times

After an EPS miss

-4.5%

average next-day move · up 0% of 3 times

Why did MGM fall after beating earnings?

6 of MGM's last 12 reactions went against the EPS result. What stands out in each:

MGM beat EPS estimates in 9 quarters, and the stock still closed lower the next day 6 times. In 3 of the 6 where we have price data, the stock had already run up before the report.

Jul 29, 2026EPS beat +1.7%stock -0.4% next day
- The EPS beat was small (+1.7%).
Jul 30, 2025EPS beat +43.6%stock -3.8% next day
- It opened 3.1% lower as soon as trading resumed.
Apr 30, 2025EPS beat +53.3%stock -1.9% next day
- It had risen 5.1% in the 20 trading sessions before the report, so good news may already have been priced in.
- It opened 5.0% higher, but sellers took over and it closed -1.9%.
Jul 31, 2024EPS beat +45.8%stock -13.2% next day
- It opened 6.8% lower as soon as trading resumed.
Feb 13, 2024EPS beat +49.3%stock -6.3% next day
- It had risen 8.0% in the 20 trading sessions before the report, so good news may already have been priced in.
- It opened 3.4% lower as soon as trading resumed.
Nov 8, 2023EPS beat +30.6%stock -1.1% next day
- It had risen 10.5% in the final week before the report, so good news may already have been priced in.
- It opened 3.8% higher, but sellers took over and it closed -1.1%.

Patterns in estimates and prices, not confirmed causes: how we read them.

Was MGM's earnings move already priced in?

MGM's move in the month before each of its last 12 reports, against what it did after.

Avg move in the month before

+0.9%

last 12 reports

Higher before the report

75%

of the time

After a run-up of 3%+

Fell 67%

6 reports, avg +0.1%

After a drop of 3%+

Rose 33%

3 reports, avg +0.3%

How the run-up is measured (a move of 5% or more counts as large).

Before vs after each report

Grey: the month before each of the last 12 reports. Green or red: the day after.

Past reports only. How the run-up is measured

Does MGM hold its opening gap after earnings?

MGM's opening move after each report and where it closed that day.

In 10 reports MGM opened at least 1% away from the previous close. It gave back half or more of that gap by the close 5 of 10 times (50%), and fully reversed 3 times. Gaps up faded 4 of 5; gaps down recovered 1 of 5.

Apr 29, 2026Reversed
Opened +1.0%, closed -0.8%
Oct 29, 2025Faded
Opened -6.3%, closed -1.6%
Jul 30, 2025Held
Opened -3.1%, closed -3.8%
Apr 30, 2025Reversed
Opened +5.0%, closed -1.9%
Feb 12, 2025Held
Opened +12.2%, closed +17.5%
Oct 30, 2024Held
Opened -6.4%, closed -11.0%
Jul 31, 2024Held
Opened -6.8%, closed -13.2%
May 1, 2024Faded
Opened +9.4%, closed +2.8%

How gaps, fades and reversals are defined

What the history says

It fell after 6 of its 9 EPS beats (67%): beating estimates has not been enough on its own.
Options price a ±6.3% move, in line with its usual ±5.3%.

MGM earnings history

Last 12 reported quarters with the stock's reaction.

Swipe sideways to see every column →

Report date	Time	EPS est.	EPS actual	Surprise	1-day move	3-day move
Jul 29, 2026	After close	$0.58	$0.59	+1.7%	-0.37%	-2.90%
Apr 29, 2026	After close	$0.53	$0.49	-7.5%	-0.84%	-2.62%
Feb 5, 2026	After close	$0.55	$1.60	+190.9%	+3.34%	+2.98%
Oct 29, 2025	After close	$0.30	$0.24	-20.0%	-1.57%	+2.95%
Jul 30, 2025	After close	$0.55	$0.79	+43.6%	-3.78%	-6.26%
Apr 30, 2025	After close	$0.45	$0.69	+53.3%	-1.91%	+1.94%
Feb 12, 2025	After close	$0.34	$0.45	+32.4%	+17.46%	+10.77%
Oct 30, 2024	After close	$0.61	$0.54	-11.5%	-10.96%	-12.10%
Jul 31, 2024	After close	$0.59	$0.86	+45.8%	-13.22%	-20.71%
May 1, 2024	After close	$0.58	$0.74	+27.6%	+2.82%	+3.17%
Feb 13, 2024	After close	$0.71	$1.06	+49.3%	-6.26%	-6.83%
Nov 8, 2023	After close	$0.49	$0.64	+30.6%	-1.14%	-1.84%

Consensus for the next report: EPS $0.13, revenue $4.28B.

MGM Earnings FAQ

Answers computed from MGM Resorts International's reported history

MGM is scheduled to report on Oct 28, 2026, after the market closes. Analysts expect EPS of $0.13.

Over the last 12 quarters with a usable EPS surprise, MGM beat the consensus estimate 9 times (75%), missed 3 and landed in line 0.

Across its last 12 quarters with a measured reaction, MGM moved an average of ±5.3% in the first session after reporting. It closed higher 25% of the time; the largest gain was 17.5% and the largest drop -13.2%.

Options currently price a move of about ±6.3% (nearest at-the-money straddle that expires after the report). It measures the size of the expected move, not its direction. That is 1.18x its average historical move of ±5.3%, so options look fairly priced relative to history.

MGM fell in the first session after 6 of its last 9 EPS beats (67%). A beat that was already priced in, or weaker guidance, can send a stock lower. In 3 of the 6 of those falls where price data is available, the stock had already risen before the report.

Across its last 12 quarters with price data, MGM moved an average of +0.9% in the 20 trading sessions before reporting and was higher in 75% of them. After a run-up of 3% or more (6 quarters), it fell the next day 67% of the time, averaging +0.1%. After a drop of 3% or more (3 quarters), it rose the next day 33% of the time, averaging +0.3%. This describes past reports; it is not a forecast.

In 10 reports MGM opened at least 1% away from the previous close. It gave back half or more of that gap by the close 5 of 10 times (50%), and fully reversed 3 times. A fade means the opening move was partly undone during the first session.

How we calculate these numbers · MGM: 12 reported quarters, latest Jul 29, 2026. Information only, not investment advice.

Earnings this week

Every report this week with expected moves.

Biggest expected earnings moves

Options-implied vs historical move, ranked.