Wynn Resorts (WYNN) Expected to Announce Quarterly Earnings on Wednesday

Wynn Resorts (NASDAQ:WYNN) is projected to post its quarterly earnings results after the market closes on Wednesday, February 5th. Analysts expect Wynn Resorts to post earnings of $1.29 per share and revenue of $1.78 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Wynn Resorts (NASDAQ:WYNN) last issued its quarterly earnings results on Monday, November 4th. The casino operator reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.73 billion. During the same period in the previous year, the company posted $0.99 earnings per share. Wynn Resorts’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 Price Performance

Shares of WYNN opened at $83.56 on Tuesday. The company has a 50-day moving average of $87.93 and a two-hundred day moving average of $86.97. Wynn Resorts has a one year low of $71.63 and a one year high of $110.38. The stock has a market cap of $9.18 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 2.50 and a beta of 1.76.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WYNN. Jefferies Financial Group decreased their target price on Wynn Resorts from $109.00 to $105.00 and set a “hold” rating for the company in a research note on Friday, January 3rd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Wynn Resorts from $122.00 to $118.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Macquarie reiterated an “outperform” rating and set a $120.00 target price on shares of Wynn Resorts in a research note on Tuesday, November 5th. JPMorgan Chase & Co. raised their price target on shares of Wynn Resorts from $101.00 to $113.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 5th. Finally, Morgan Stanley upped their price objective on shares of Wynn Resorts from $112.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $117.23.

Wynn Resorts Company Profile

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.