Is Melco Resorts & Entertainment (MLCO) Stock A Solid Choice Right Now?

By Zacks Investment ResearchStock MarketsJun 23, 2017 08:43AM ET

www.investing.com/analysis/investors-finding-upside-moves-hard-to-come-by-200197186

Is Melco Resorts & Entertainment (MLCO) Stock A Solid Choice Right Now?

By Zacks Investment Research | Jun 23, 2017 08:43AM ET

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One stock that might be an intriguing choice for investors right now is Melco Resorts & Entertainment Limited (NASDAQ:MLCO) . This is because this security in the Gaming space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Gaming space as it currently has a Zacks Industry Rank of 73 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Melco Resorts & Entertainment is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Melco Crown Entertainment Limited Price and Consensus

Melco Crown Entertainment Limited Price and Consensus | Melco Crown Entertainment Limited Quote

In fact, over the past month, current quarter estimates have risen from 12 cents per share to 14 cents per share, while current year estimates have risen from 69 cents per share to 73 cents per share. This has helped MLCO to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.

So, if you are looking for a decent pick in a strong industry, consider Melco Resorts & Entertainment. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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Melco Crown Entertainment Limited (MLCO): Free Stock Analysis Report

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Is Melco Resorts & Entertainment (MLCO) Stock A Solid Choice Right Now?

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