Wynn Resorts (WYNN) Projected to Post Quarterly Earnings on Wednesday

Wynn Resorts (NASDAQ:WYNN) will likely be announcing its earnings results after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $1.29 per share and revenue of $1.78 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Monday, November 4th. The casino operator reported $0.90 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.11). Wynn Resorts had a net margin of 13.37% and a negative return on equity of 61.16%. The business had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the company earned $0.99 EPS. The business’s revenue was up 1.3% compared to the same quarter last year. On average, analysts expect Wynn Resorts to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Wynn Resorts Trading Down 3.1 %

NASDAQ:WYNN opened at $86.85 on Monday. The company has a market cap of $9.54 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 2.42 and a beta of 1.77. Wynn Resorts has a twelve month low of $71.63 and a twelve month high of $110.38. The stock has a fifty day simple moving average of $88.12 and a 200-day simple moving average of $86.97.

Analyst Upgrades and Downgrades

WYNN has been the subject of several research reports. Jefferies Financial Group lowered their price objective on shares of Wynn Resorts from $109.00 to $105.00 and set a “hold” rating for the company in a research report on Friday, January 3rd. Susquehanna boosted their price target on Wynn Resorts from $92.00 to $122.00 and gave the company a “positive” rating in a report on Friday, October 11th. Macquarie restated an “outperform” rating and set a $120.00 price objective on shares of Wynn Resorts in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft lowered their target price on Wynn Resorts from $122.00 to $118.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Wells Fargo & Company cut their price target on Wynn Resorts from $125.00 to $122.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $117.23.

About Wynn Resorts

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.