Melco (MLCO) Reports Q3 Earnings: What Key Metrics Have to Say

For the quarter ended September 2024, Melco Resorts (MLCO) reported revenue of $1.18 billion, up 15.5% over the same period last year. EPS came in at $0.08, compared to -$0.03 in the year-ago quarter.The reported revenue represents a surprise of -2.17% over the Zacks Consensus Estimate of $1.2 billion. With the consensus EPS estimate being $0.09, the EPS surprise was -11.11%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Melco performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net Revenue- Mocha and Other: $30.60 million compared to the $30.35 million average estimate based on two analysts. The reported number represents a change of +1.7% year over year. Net Revenue- Altira Macau: $30.50 million versus $31.84 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +26% change. Net Revenue- Cyprus Operations: $64.40 million compared to the $64.59 million average estimate based on two analysts. The reported number represents a change of +20.6% year over year. Net Revenue- Studio City: $364.70 million compared to the $364.41 million average estimate based on two analysts. The reported number represents a change of +31.3% year over year. Net Revenue- City of Dreams Manila: $118.90 million versus $114.99 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -4.8% change. Net Revenue- City of Dreams: $563.90 million versus the two-analyst average estimate of $594.62 million. The reported number represents a year-over-year change of +11.4%. Adjusted EBITDA- Mocha and Other: $6.92 million versus the two-analyst average estimate of $6.43 million. Adjusted EBITDA- Altira Macau: -$1.09 million versus the two-analyst average estimate of -$0.74 million. Adjusted EBITDA- City of Dreams: $162.83 million versus $170.96 million estimated by two analysts on average. Adjusted EBITDA- Cyprus Operations: $15.12 million versus $14.50 million estimated by two analysts on average. Adjusted EBITDA- City of Dreams Manila: $45.93 million compared to the $42.35 million average estimate based on two analysts. Adjusted EBITDA- Corporate and Others Expenses: -$19.96 million versus -$20 million estimated by two analysts on average. View all Key Company Metrics for Melco here>>>Shares of Melco have returned -22.5% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Melco Resorts & Entertainment Limited (MLCO): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks