Melco Resorts & Entertainment (MLCO) Set to Post Earnings on Wednesday

Melco Resorts & Entertainment (NASDAQ:MLCO) is projected to release its Q3 2026 results before the market opens on Wednesday, November 4th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $1.23 billion for the quarter. Individuals may review the information on the company’s upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Wednesday, November 4, 2026 at 8:30 AM ET.

Melco Resorts & Entertainment (NASDAQ:MLCO) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. Melco Resorts & Entertainment had a negative return on equity of 23.81% and a net margin of 4.50%. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.04 earnings per share. 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 Price Performance

Shares of MLCO opened at $3.94 on Monday. The company’s fifty day moving average price is $4.57 and its 200 day moving average price is $5.40. The company has a market capitalization of $1.50 billion, a PE ratio of 6.57, a price-to-earnings-growth ratio of 3.04 and a beta of 0.49. Melco Resorts & Entertainment has a one year low of $3.67 and a one year high of $9.53.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MLCO. Piper Sandler set a $5.50 price objective on shares of Melco Resorts & Entertainment in a research note on Friday, October 16th. Capital One Financial set a $5.50 price objective on Melco Resorts & Entertainment in a report on Friday, October 16th. Texas Capital lowered Melco Resorts & Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 16th. JPMorgan Chase & Co. lowered their price target on shares of Melco Resorts & Entertainment from $6.00 to $5.70 and set a “neutral” rating for the company in a report on Thursday, July 16th. Finally, CLSA upgraded shares of Melco Resorts & Entertainment from a “hold” rating to an “outperform” rating and cut their target price for the company from $6.10 to $6.00 in a research report on Friday, July 10th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Melco Resorts & Entertainment currently has an average rating of “Hold” and an average target price 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.