Studio City International Holdings Limited

The following companies are expected to report earnings prior to market open on 10/29/2024. Visit our Earnings Calendar for a full list of expected earnings releases.
Alphabet Inc. (GOOGL)is reporting for the quarter ending September 30, 2024. The internet services company's consensus earnings per share forecast from the 17 analysts that follow the stock is $1.83. This value represents a 18.06% increase compared to the same quarter last year. In the past year GOOGL has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 2.16%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for GOOGL is 21.60 vs. an industry ratio of 437.20.
Alphabet Inc. (GOOG)is reporting for the quarter ending September 30, 2024. The internet services company's consensus earnings per share forecast from the 17 analysts that follow the stock is $1.83. This value represents a 18.06% increase compared to the same quarter last year. In the past year GOOG has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 2.16%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for GOOG is 21.83 vs. an industry ratio of 437.20.
McDonald's Corporation (MCD)is reporting for the quarter ending September 30, 2024. The restaurant company's consensus earnings per share forecast from the 13 analysts that follow the stock is $3.18. This value represents a 0.31% decrease compared to the same quarter last year. The last two quarters MCD had negative earnings surprises; the latest report they missed by -3.57%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for MCD is 24.90 vs. an industry ratio of 43.70.
Pfizer, Inc. (PFE)is reporting for the quarter ending September 30, 2024. The large cap pharmaceutical company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.64. This value represents a 476.47% increase compared to the same quarter last year. In the past year PFE has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 33.33%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for PFE is 10.66 vs. an industry ratio of 22.20.
American Tower Corporation (REIT) (AMT)is reporting for the quarter ending September 30, 2024. The reit company's consensus earnings per share forecast from the 5 analysts that follow the stock is $2.45. This value represents a 5.04% decrease compared to the same quarter last year. In the past year AMT has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 14.34%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for AMT is 22.10 vs. an industry ratio of 13.60, implying that they will have a higher earnings growth than their competitors in the same industry.
PayPal Holdings, Inc. (PYPL)is reporting for the quarter ending September 30, 2024. The internet software company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.08. This value represents a 11.34% increase compared to the same quarter last year. In the past year PYPL has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 23.96%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for PYPL is 18.40 vs. an industry ratio of 977.20.
Ecolab Inc. (ECL)is reporting for the quarter ending September 30, 2024. The chemical company's consensus earnings per share forecast from the 11 analysts that follow the stock is $1.82. This value represents a 18.18% increase compared to the same quarter last year. In the past year ECL has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 1.2%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for ECL is 38.12 vs. an industry ratio of 22.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Enterprise Products Partners L.P. (EPD)is reporting for the quarter ending September 30, 2024. The oil/gas company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.66. This value represents a 10.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for EPD is 10.76 vs. an industry ratio of 7.10, implying that they will have a higher earnings growth than their competitors in the same industry.
D.R. Horton, Inc. (DHI)is reporting for the quarter ending September 30, 2024. The building (residential/commercial) company's consensus earnings per share forecast from the 18 analysts that follow the stock is $4.20. This value represents a 5.62% decrease compared to the same quarter last year. DHI missed the consensus earnings per share in the 4th calendar quarter of 2023 by -2.08%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for DHI is 12.25 vs. an industry ratio of 11.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Phillips 66 (PSX)is reporting for the quarter ending September 30, 2024. The oil refining company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.71. This value represents a 63.07% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for PSX is 16.41 vs. an industry ratio of 15.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Royal Caribbean Cruises Ltd. (RCL)is reporting for the quarter ending September 30, 2024. The leisure (recreational) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $5.04. This value represents a 30.91% increase compared to the same quarter last year. In the past year RCL has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 15.88%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for RCL is 17.30 vs. an industry ratio of -1.90, implying that they will have a higher earnings growth than their competitors in the same industry.
MSCI Inc. (MSCI)is reporting for the quarter ending September 30, 2024. The business software company's consensus earnings per share forecast from the 5 analysts that follow the stock is $3.77. This value represents a 9.28% increase compared to the same quarter last year. In the past year MSCI has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 2.25%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for MSCI is 39.70 vs. an industry ratio of -623.60, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Earnings Report for October 29, 2024 : GOOGL, GOOG, MCD, PFE, AMT, PYPL, ECL, EPD, DHI, PSX, RCL, MSCI

The Great Chinese Stock Rally of 2024 seemed as if it had run its course by Thursday afternoon. Nevertheless, the big pops in prices of equities across that economy still left them in positive territory when compared to their levels at last Friday's market close.
Investors piled into every conceivable sector, so we could have thrown a dart at a board full of U.S.-listed Chinese titles and hit all winners. According to data compiled by S&P Global Market Intelligence, Bilibili (NASDAQ: BILI) was up by 18% week to date as of Thursday night. Tencent Music Entertainment Group (NYSE: TME) and Studio City International Holdings (NYSE: MSC) rose respectively by 10% and 11.6%. Crushing them all was Up Fintech Holding (NASDAQ: TIGR), which surged more than 100% higher.
What comes up must come down
The origin of the rally was the Chinese government's unveiling of its latest economic stimulus package, aimed at getting the massive yet lumbering economy on a more pronounced growth trajectory. At the same time, the authorities signaled hope for improvement in sluggish and frequently controversial corners of the economy, such as real estate and financial services; they announced direct material assistance for both of those industries (cue the double-and-then-some price pop of Up Fintech).
Yet a stimulus package, even one of the huge-scale ones favored by the Chinese powers that be, has its limits. This one has only been announced and has not been implemented. And although it's sure to help the domestic economy to some degree, it isn't some cure-all that's going to instantly lift it out of the doldrums. Beijing is talking the talk with its business booster; we'll see if it can walk the walk effectively.
Robust rallies also have a way of bringing out the profit-takers and the short-term speculators (which are frequently one and the same). That's especially true in this instance, when a wide variety of stocks had been ignored and sitting at depressed prices for quite some time and were suddenly jolted alive by the stimulus adrenaline shot. It's tempting for every investor to lock in a double- or even triple-digit profit for a mere few days of holding a stock. Such sell-offs helped bring about the fairly sudden reversal in prices on Thursday.
Don't count them out just yet
I don't think we've seen the last of the price pops. Rather, Thursday's correction feels to me more of a breather as market players contemplate their next move. It's going to take some time to implement the full stack of measures announced by the government, and it will still take longer to properly gauge their effects. In the meantime, investors will be jostling to place bets on the stocks best positioned to benefit from that energizing top-down injection of rocket fuel.
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Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why Chinese Stocks Were Slipping Late This Week After Monster Price Rises

In trading on Tuesday, shares of Studio City International Holdings Ltd (Symbol: MSC) crossed below their 200 day moving average of $6.51, changing hands as low as $6.39 per share. Studio City International Holdings Ltd shares are currently trading off about 8.2% on the day. The chart below shows the one year performance of MSC shares, versus its 200 day moving average:
Looking at the chart above, MSC's low point in its 52 week range is $4.2201 per share, with $9.11 as the 52 week high point — that compares with a last trade of $6.39.
Free Report: Top 8%+ Dividends (paid monthly)
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Studio City International Holdings Breaks Below 200-Day Moving Average - Notable for MSC

This week, Studio City International (NYSE: MSC) handsomely rewarded investors who placed bets on its stock. The company saw its share price rise by nearly 15% across the five trading days, according to data compiled by S&P Global Market Intelligence. Macao is getting busy, and Studio City is and should continue to be one of the beneficiaries of that trend.
Macao crowds are coming back
Studio City operates a large casino resort in the Cotai section of Chinese gambling enclave Macao. Happily for the company, official statistics showed a dramatic rise in gambling revenue for Macao recently that topped expectations.
Specifically, the country's Gaming Inspection and Coordination Bureau published its Macao statistics for March. These revealed a 53% year-over-year increase in gross gaming revenue to 19.5 billion patacas ($2.4 billion), which was higher than the average 49% projection from analysts.
Like Macao's counterpart Las Vegas, the enclave suffered greatly during the coronavirus pandemic. It has yet to fully recover; despite those encouraging growth numbers, that March revenue figure was only around 75% that of March 2019.
Still, a 53% gain is nothing to sneeze at, and it shows that the authorities and various resort owners are doing a decent job attracting gamblers and tourists to Macao, and encouraging them to spend money.
Still in recovery mode
This is the kind of good news Studio City investors have been craving. At the end of February, the company published its fourth-quarter and full-year 2023 earnings. While it showed very robust growth on the top line as it continues to emerge from the pandemic years, it was still well in the red on the bottom line in both periods.
Should you invest $1,000 in Studio City International right now?
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The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Studio City International wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
*Stock Advisor returns as of April 4, 2024
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why Studio City Stock Was a Winning Bet This Week

In trading on Friday, shares of Studio City International Holdings Ltd (Symbol: MSC) crossed above their 200 day moving average of $6.33, changing hands as high as $6.70 per share. Studio City International Holdings Ltd shares are currently trading up about 22.7% on the day. The chart below shows the one year performance of MSC shares, versus its 200 day moving average:
Looking at the chart above, MSC's low point in its 52 week range is $4.15 per share, with $9.5699 as the 52 week high point — that compares with a last trade of $6.74.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Studio City International Holdings Breaks Above 200-Day Moving Average - Bullish for MSC

(RTTNews) - The following are some of the stocks making big moves in Wednesday's pre-market trading (as of 06.50 A.M. ET).
In the Green
PodcastOne, Inc. (PODC) is up over 33% at $2.40. Taoping Inc. (TAOP) is up over 20% at $2.80. Brooge Energy Limited (BROG) is up over 18% at $6.49. Wheels Up Experience Inc. (UP) is up over 17% at $2.43. Studio City International Holdings Limited (MSC) is up over 17% at $5.67. Lithium Americas Corp. (LAC) is up over 14% at $11.07. Twin Ridge Capital Acquisition Corp. (TRCA) is up over 12% at $11.66. SOS Limited (SOS) is up over 12% at $4.60.
In the Red
Cal-Maine Foods, Inc. (CALM) is down over 12% at $41.50. A10 Networks, Inc. (ATEN) is down over 12% at $13.20. Ocean Biomedical, Inc. (OCEA) is down over 12% at $2.41. WeWork Inc. (WE) is down over 7% at $2.36.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	0.00 18.21
Price/Sales	1.99 0.65
P/B	2.07 1.75
P/FCF	1.35 14.46

Indicator	TTM Median
ROE	-12.63 15.91
ROA	-2.82 5.60
ROI	-2.97 9.40
Net Worth	1.27 0.91
Quick Ratio	0.97 0.91
Current Ratio	1.01 1.45

Indicator	TTM Median
Net Profit Margin	-14.04 6.40
Operating Margin	7.66 8.93
Gross Margin	66.67 38.46
Return on tangible equity	-12.63 23.70

Indicator	TTM Median
EPS	0.00 0.43
EPS Forecast	0.00 0.39
Revenue	175.00M 184.50M
Gross Profit	114.00M —
EBITDA	16.00M —

Studio City International Holdings Limited

TTM metrics for the latest quarter under IFRS and their historical dynamics

Valuation

Debts

Efficiency

Other ratios

Revenue