Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Melco Resorts & Entertainment (MLCO)
NASDAQ:MLCO
RESEARCH TOOLSreports
Holding MLCO?
Track your performance easily
Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.06Last Year’s EPS
-$0.36Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -5.48%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook with significant achievements in EBITDA growth, liquidity, and successful project launches, such as the City of Dreams Sri Lanka. However, some challenges persist, particularly in Cyprus, and the promotional environment remains intense but stable.Company Guidance
During the Q3 2024 earnings call for Melco Resorts & Entertainment Limited, the executives provided a detailed overview of their financial performance and strategic initiatives. The group-wide adjusted property EBITDA for the quarter was approximately $323 million, marking a 7% increase from the previous quarter, largely driven by favorable win rates at City of Dreams Macau and Studio City. Operational discipline was emphasized, with operating expenses in Macau remaining stable at about $2.9 million per day, excluding specific concert costs. The liquidity position was robust, with approximately $1.2 billion in cash and over $3 billion in available liquidity as of September 30, 2024. Total debt declined by $60 million following bond repurchases, and Melco also repurchased 20.7 million ADSs for around $12 million. Looking ahead, guidance for the fourth quarter of 2024 included expectations for depreciation and amortization expenses between $135 million and $140 million, corporate expenses around $20 million, and consolidated net interest expense of $120 million to $125 million.EBITDA Growth
Group-wide adjusted property EBITDA for Q3 2024 was approximately $323 million, a 7% increase compared to the second quarter.
Strong Liquidity Position
As of September 30, 2024, the company had approximately $1.2 billion of consolidated cash on hand and over $3 billion in available liquidity.
Record-Breaking Mass Drop Days
During Golden Week, City of Dreams and Studio City experienced several record mass drop days, with 3 of the top 10 days in COD history and 4 of the top 10 days at Studio City.
Successful Launch of City of Dreams Sri Lanka
The City of Dreams Sri Lanka opened in October with the 687 key Cinnamon Life hotel, with the casino and Nuwa hotel on track to open in the second half of 2025.
Debt and Share Repurchase
Total debt declined by approximately $60 million in Q3 following bond repurchases, and Melco repurchased 20.7 million ADSs for approximately $12 million.
---
MLCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
MLCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $6.57 | $6.74 | +2.59% |
| Aug 13, 2024 | $5.39 | $5.17 | -4.08% |
| Apr 30, 2024 | $6.58 | $6.54 | -0.61% |
| Feb 29, 2024 | $8.26 | $7.73 | -6.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Melco Resorts & Entertainment (MLCO) report earnings?
Melco Resorts & Entertainment (MLCO) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Melco Resorts & Entertainment (MLCO) earnings time?
Melco Resorts & Entertainment (MLCO) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MLCO EPS forecast?
MLCO EPS forecast for the fiscal quarter 2024 (Q4) is $0.06.
---