It has been about a month since the last earnings report for Wynn Resorts (WYNN) . Shares have added about 8.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Wynn due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Wynn Resorts Q3 Earnings & Revenues Miss EstimatesW ...

Wynn Resorts, Limited (WYNN) will likely benefit from solid Macau performance, non-gaming businesses and development projects. Also, a focus on enhancing shareholder value bodes well. However, increased operating expenses are a concern.Let us discuss the factors that highlight why investors should retain the stock.Factors Likely to Drive Growth of WYNN StockWynn Resorts has been benefitting from solid Macau performance. In the third quarter, Wynn Resorts generated $263 million in EBITDA from Macau, a 3% yea ...

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The new Wynn Casino and Lisboa Casino in Macao , China.Wynn's share price popped 9% Thursday on the news, in line with its 200-day moving average. Over 20 years, the stock has exhibited lots of volatility, but not as much sustained growth.The filing indicates a passive position, though multiple people familiar with the matter tell CNBC they suspect Fertitta will be demanding.Billionaire Tilman Fertitta has increased his ownership stake in Wynn Resorts to 9.9%, according to a filing with the Securities and E ...

Wynn is losing market share in Macao, the biggest gaming market in the world. Competition is heating up in the gambling market, and it's taking a toll on Wynn Resorts (WYNN -1.27%) stock. Shares fell earlier this week after the company said it had disappointing results in Macao and is spending heavily on uncertain resort expansions around the world. Travis Houm covers what you need to know in this video. *Stock prices used were end-of-day prices of Nov. 5, 2024. The video was published on Nov. 5, 2024. ...

Key TakeawaysWynn Resorts shares tumbled Tuesday after the casino operator missed third-quarter profit and sales forecasts.The weaker-than-expected results came as Wynn's Las Vegas operations slowed.Wynn also invested $18.2 million in its site under construction in the United Arab Emirates. Shares of Wynn Resorts (WYNN) slumped Tuesday after the hotel and casino operator posted third-quarter results that missed analysts' estimates as its Las Vegas operations slowed. The company reported a third-quarter loss ...

Wynn Resorts, Limited (WYNN) reported lower-than-expected third-quarter 2024 results wherein adjusted earnings and operating revenues missed the Zacks Consensus Estimate. On a year-over-year basis, the top line grew while the bottom line declined.See the Zacks Earnings Calendar to stay ahead of market-making news.The quarter’s results reflect demand across its resorts highlighted by strong mass gaming win in Macau and solid non-gaming performance in Las Vegas. However, increased casino and rooms expenses, a ...

Wynn Resorts (WYNN) reported $1.69 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 1.3%. EPS of $0.90 for the same period compares to $0.99 a year ago.The reported revenue represents a surprise of -2.39% over the Zacks Consensus Estimate of $1.73 billion. With the consensus EPS estimate being $1.17, the EPS surprise was -23.08%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determ ...

Wynn Resorts, Limited (NASDAQ:WYNN) Q3 2024 Earnings Conference Call November 4, 2024 4:30 PM ET Company Participants Julie Cameron-Doe - CFO Craig Billings - CEO Brian Gullbrants - COO, North America Conference Call Participants Carlo Santarelli - Deutsche Bank Joe Greff - JPMorgan John DeCree - CBRE Robin Farley - UBS Dan Politzer - Wells Fargo Stephen Grambling - Morgan Stanley David Katz - Jefferies Brandt Montour - Barclays Operator Welcome to the Wynn Resorts' Third Quarter 2024 Earnings Call. All par ...

Wynn Resorts (WYNN) came out with quarterly earnings of $0.90 per share, missing the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $0.99 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -23.08%. A quarter ago, it was expected that this casino operator would post earnings of $1.23 per share when it actually produced earnings of $1.12, delivering a surprise of -8.94%. Over the last four quarters, the ...