Earnings Alerts

Galaxy Entertainment Group (27) Earnings: 2Q Adjusted Ebitda Hits HK$3.18B, Mass Table Revenue Up 43%

  • Galaxy Entertainment reported an adjusted EBITDA of HK$3.18 billion for the second quarter of 2024.
  • The company’s adjusted EBITDA for the first half of 2024 stands at HK$6.01 billion.
  • Mass table gross gaming revenue increased by 43%.
  • Analyst ratings include 20 buys, 3 holds, and 0 sells.

A look at Galaxy Entertainment Group Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth5
Resilience4
Momentum2
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Galaxy Entertainment Group Limited, known for its casino and hotel operations in Macau, has a mixed outlook based on Smartkarma Smart Scores. While the company excels in growth and resilience, scoring a 5 and 4 respectively, its value and momentum scores are comparatively lower at 2. This indicates that despite strong potential for expansion and ability to weather challenges, Galaxy Entertainment Group may not currently be considered undervalued or experiencing significant upward momentum.

Investors eyeing Galaxy Entertainment Group should take note of its impressive growth prospects and ability to withstand market fluctuations. With a strong focus on developing its casino and entertainment facilities in Macau, the company’s future seems promising. However, individuals seeking immediate returns or highly valued opportunities may need to consider the company’s lower value and momentum scores in their investment decisions.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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