Casinos Market 2022 Company Strategies

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The EPS rating reflects a company's well being on fundamental earnings metrics, even though the SMR Rating tracks sales, profit margins and return on equity. IBD study shows that firms that excel in the stock industry have a tendency to post major numbers in these regions. MGM earnings got hammered in the first two quarters of 2020 when casinos closed. Losses mounted to $1.52 a share vs. a profit of 23 cents the year before. By Q3, MGM had begun to cease the bleeding, trimming losses to $1.08 a share. Revenue climbed to $1.1 billion, but nevertheless 66% beneath the prior year.

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