Luxury hotels and casino operator Wynn Resorts (NASDAQ: WYNN) will be announcing earnings results this Thursday after market hours. Here’s what investors should know.
Wynn Resorts beat analysts’ revenue expectations by 3.4% last quarter, reporting revenues of $1.83 billion, up 8.3% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and a miss of analysts’ EBITDA estimates.
Is Wynn Resorts a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Wynn Resorts’s revenue to be flat year on year at $1.85 billion, in line with its flat revenue from the same quarter last year. Adjusted earnings are expected to come in at $1.48 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Wynn Resorts has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Wynn Resorts’s peers in the casino operator segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Red Rock Resorts delivered year-on-year revenue growth of 3.2%, beating analysts’ expectations by 1.9%, and Monarch reported revenues up 4.1%, in line with consensus estimates. Monarch traded up 2.3% following the results.
Read our full analysis of Red Rock Resorts’s results here and Monarch’s results here.
Investors in the casino operator segment have had fairly steady hands going into earnings, with share prices down 1.6% on average over the last month. Wynn Resorts’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $144.44 (compared to the current share price of $116.87).
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