Melco Resorts & Entertainment (MLCO) Set to Release Earnings on Thursday

Key Points

• Melco Resorts & Entertainment is expected to report Q3 2026 earnings before the market opens Thursday, with analysts forecasting a loss of $0.03 per share and revenue of $1.23 billion.
• In its latest quarter, Melco reported EPS in line with estimates at $0.06, while revenue fell 5.7% year over year to $1.25 billion. Analysts project full-year EPS of $0.41.
• Shares opened at $3.73, near their 12-month low of $3.67 and well below the 200-day moving average of $5.43. Analysts’ consensus rating is Hold, with an average price target of $6.83.

Melco Resorts & Entertainment (NASDAQ:MLCO - Get Free Report) is expected to be posting its Q3 2026 results before the market opens on Thursday, November 5th. Analysts expect the company to post earnings of ($0.03) per share and revenue of $1.23 billion for the quarter. Parties may review the information on the company's upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Wednesday, November 4, 2026 at 8:30 AM ET.

Melco Resorts & Entertainment (NASDAQ:MLCO - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.06. Melco Resorts & Entertainment had a net margin of 4.50% and a negative return on equity of 23.81%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company posted $0.04 earnings per share. The firm's quarterly revenue was down 5.7% compared to the same quarter last year. On average, analysts expect Melco Resorts & Entertainment to post $0.41 EPS for the current fiscal year and $0.56 EPS for the next fiscal year.

Melco Resorts & Entertainment Stock Down 0.5%

Melco Resorts & Entertainment stock opened at $3.73 on Thursday. Melco Resorts & Entertainment has a twelve month low of $3.67 and a twelve month high of $9.53. The firm has a 50 day moving average price of $4.63 and a 200-day moving average price of $5.43. The company has a market capitalization of $1.42 billion, a P/E ratio of 6.22, a P/E/G ratio of 2.87 and a beta of 0.49.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. CICC Research cut shares of Melco Resorts & Entertainment from an "outperform" rating to a "market perform" rating in a report on Sunday, October 18th. Piper Sandler set a $5.50 price objective on Melco Resorts & Entertainment in a report on Friday, October 16th. Capital One Financial set a $5.50 target price on Melco Resorts & Entertainment in a research report on Friday, October 16th. Weiss Ratings reissued a "sell (d)" rating on shares of Melco Resorts & Entertainment in a research report on Tuesday, August 18th. Finally, CLSA upgraded Melco Resorts & Entertainment from a "hold" rating to an "outperform" rating and lowered their target price for the company from $6.10 to $6.00 in a research note on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Melco Resorts & Entertainment currently has an average rating of "Hold" and a consensus price target of $6.83.

Melco Resorts & Entertainment Company Profile

Melco Resorts & Entertainment Limited is a developer, owner and operator of integrated resort facilities focused on gaming, hospitality, entertainment, dining, retail and convention services. The company's properties combine casinos with luxury hotels, restaurants, shopping areas, theaters and other leisure attractions.

Melco operates several major resorts in Macau, including City of Dreams, Altira Macau and Studio City. Its Macau operations also include the Mocha Clubs electronic gaming-machine business.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.