Is it time to Buy before this week’s earning report Studio City International Stock Forecast, Price & News (NYSE:MSC)

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Earnings results for Studio City International Stock Forecast, Price & News (NYSE:MSC)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at -2.84 and decreased over the past month from -2.46 to -2.84(15.45%). Of the 1 analysts making quarterly forecasts, none raised and 0 lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at -7.28 and decreased over the past month from -5.51 to -7.28(32.12%). Of the 1 analysts making yearly forecasts, none raised and 1 lowered their forecast.

Studio City International last issued its earnings data on May 14th, 2020. The reported ($1.12) EPS for the quarter, beating the consensus estimate of ($1.38) by $0.26. The firm had revenue of $37.07 million for the quarter. Studio City International has generated $0.75 earnings per share over the last year. Studio City International has confirmed that its next quarterly earnings report will be published on Thursday, August 20th, 2020.

Analyst Opinion on Studio City International Stock Forecast, Price & News (NYSE:MSC)

2 Wall Street analysts have issued ratings and price targets for Studio City International in the last 12 months. Their average twelve-month price target is $16.10, predicting that the stock has a possible downside of 12.60%. The high price target for MSC is $16.10 and the low price target for MSC is $16.10. There are currently 1 sell rating and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”

Studio City International has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on 1 buy rating, no hold ratings, and 1 sell rating. According to analysts’ consensus price target of $16.10, Studio City International has a forecasted downside of 12.6% from its current price of $18.42. Studio City International has received no research coverage in the past 90 days.

Dividend Strength: Studio City International Stock Forecast, Price & News (NYSE:MSC)

Studio City International does not currently pay a dividend. Studio City International does not have a long track record of dividend growth.

Insiders buying/selling: Studio City International Stock Forecast, Price & News (NYSE:MSC)

In the past three months, Studio City International insiders have not sold or bought any company stock. Only 22.07% of the stock of Studio City International is held by institutions.

Earnings and Valuation of Studio City International Stock Forecast, Price & News (NYSE:MSC

Earnings for Studio City International are expected to grow in the coming year, from ($7.28) to ($1.14) per share. The P/E ratio of Studio City International is -27.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Studio City International is -27.91, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Studio City International has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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