Hospitality and casino entertainment company MGM Resorts (NYSE:MGM) will be reporting earnings tomorrow after market close. Here’s what to expect.

MGM Resorts beat analysts’ revenue expectations by 2.9% last quarter, reporting revenues of $4.33 billion, up 9.8% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ earnings estimates but a miss of analysts’ EBITDA estimates.

Is MGM Resorts a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting MGM Resorts’s revenue to grow 5.9% year on year to $4.21 billion, slowing from the 16.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.61 per share.

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 11 downward revisions over the last 30 days (we track 17 analysts). MGM Resorts has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 4.8% on average.

Looking at MGM Resorts’s peers in the consumer discretionary segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Boyd Gaming delivered year-on-year revenue growth of 6.4%, beating analysts’ expectations by 4.8%, and Monarch reported revenues up 3.7%, topping estimates by 2.9%. Boyd Gaming traded up 7.8% following the results while Monarch was also up 6.4%.

Read our full analysis of Boyd Gaming’s results here and Monarch’s results here.

Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices flat over the last month. MGM Resorts is up 5.7% during the same time and is heading into earnings with an average analyst price target of $52.41 (compared to the current share price of $41.33).

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