-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师的观点总结如下: 美高梅集团(MGM)第一季度业绩喜忧参半。营收为45亿美元(同比增长4%),但调整后每股收益下降29%至0.49美元,低于市场预期0.04美元;合并调整后EBITDA下降9%至5.8亿美元。拉斯维加斯大道业务实现了一年多以来的首次同比增长,营收增长0.2%至22亿美元,但调整后EBITDAR下降8%至7.49亿美元。与此同时,美高梅中国业务营收增长9%至11亿美元,但由于内部交易费用增加,其EBITDAR下降4%至2.73亿美元。BetMGM实现了里程碑式的业绩增长,实现营业收入740万美元,而上年同期亏损1520万美元。管理层指出,3月份月度收入有所增长,并强调稳健的会展预订和新的全包式促销活动是第二季度业绩增长的积极驱动因素。美高梅于4月份以5.46亿美元的价格完成了对诺斯菲尔德公园的出售。该公司还在第一季度回购了价值9000万美元的股票,剩余授权回购额度为15亿美元。由于公司估值较低(按未来12个月的预期EBITDA计算,市盈率仅为8.5倍),盈利未达预期被较低的估值所抵消,因此我们对市场反应平淡并不感到意外。
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