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Bulls Blast Wynn Resorts Stock Amid Tariff Update
Schaeffers Investment Research· 2025-04-09 19:15
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Wynn (WYNN) Upgraded to Buy: Here's What You Should Know
ZACKS· 2025-03-18 17:00
Core Viewpoint - Wynn Resorts has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Movement - The change in a company's future earnings potential, as indicated by earnings estimate revisions, is strongly correlated with near-term stock price movements [3]. - Institutional investors often rely on earnings estimates to determine the fair value of a company's shares, leading to significant stock transactions that affect price movements [3]. Business Improvement Indicators - Rising earnings estimates and the Zacks rating upgrade for Wynn suggest an improvement in the company's underlying business, which could lead to higher stock prices [4]. Importance of Earnings Estimate Revisions - Empirical research supports the correlation between earnings estimate revisions and near-term stock movements, making it beneficial for investors to track these revisions [5]. - The Zacks Rank system effectively utilizes earnings estimate revisions to classify stocks, providing a reliable investment decision-making tool [5][6]. Specific Earnings Estimates for Wynn - Wynn is projected to earn $5.30 per share for the fiscal year ending December 2025, reflecting a year-over-year change of -12% [7]. - Over the past three months, the Zacks Consensus Estimate for Wynn has increased by 13.2%, indicating positive sentiment among analysts [7]. Zacks Rating System Overview - The Zacks rating system maintains a balanced distribution of 'buy' and 'sell' ratings across its universe of over 4,000 stocks, with only the top 20% receiving favorable ratings [8][9]. - The upgrade of Wynn to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [9].
Are Investors Undervaluing Wynn Resorts (WYNN) Right Now?
ZACKS· 2025-03-18 14:46
Core Viewpoint - Wynn Resorts (WYNN) is currently identified as a strong value stock, supported by its favorable Zacks Rank and valuation metrics [4][6]. Valuation Metrics - Wynn Resorts has a Forward P/E ratio of 16.04, significantly lower than the industry average of 28.47 [4]. - The stock's Forward P/E has fluctuated between a high of 20.46 and a low of 12.68 over the past 12 months, with a median of 17.23 [4]. - The P/CF ratio for WYNN stands at 7.81, compared to the industry's average of 29.42 [5]. - Over the last year, WYNN's P/CF has ranged from a high of 8.47 to a low of 5.08, with a median of 6.45 [5]. Investment Outlook - The combination of a strong earnings outlook and favorable valuation metrics suggests that Wynn Resorts is currently undervalued [6].
Wynn Resorts Stock Jumps 13% in a Month: Buy or Wait for Pullback?
ZACKS· 2025-03-06 21:00
Core Viewpoint - Wynn Resorts (WYNN) has demonstrated strong stock performance, increasing by 12.5% over the past month, contrasting with a 1.2% decline in the industry and a 4.4% drop in the S&P 500, indicating its resilience amid broader market challenges [1] Stock Performance - As of Wednesday, Wynn Resorts closed at $90.67, significantly above its 52-week low of $71.63 but below its 52-week high of $110.38, outperforming competitors like Las Vegas Sands, MGM Resorts, and Caesars Entertainment [2] Technical Indicators - Technical analysis shows WYNN trading above its 50-day moving average, suggesting strong upward momentum and price stability, reflecting positive market sentiment and confidence in the company's financial health [5] Factors Driving Growth - Wynn Resorts is benefiting from a robust non-gaming business, reporting strong performance in Q4 2024, with ongoing investments in new entertainment and hospitality amenities [7] - The company is optimistic about its plans to open a multi-billion-dollar integrated resort in the UAE, in partnership with Marjan, which is expected to significantly enhance its market presence [8][9] Strategic Developments - Construction of the Wynn Al Marjan Island project in the UAE has reached the 35th floor, with substantial materials already in place, and the company anticipates the UAE market could evolve into a $3-$5 billion gaming market [9] - Wynn Resorts has acquired Aspinalls in Mayfair, London, to engage high-value customers and strengthen brand awareness ahead of the UAE resort opening [10] Revenue Sources - A significant portion of Wynn's revenue is derived from Macau, the largest gaming destination globally, where the company focuses on maximizing EBITDA and maintaining healthy margins through digital gaming and data-driven strategies [11] Long-term Growth Strategy - The company is positioning itself for long-term growth through disciplined cost management, high-quality offerings, and expansion into high-growth markets, supported by strong cash flow and shareholder-friendly capital allocation [12] Earnings Estimates - Analysts have become increasingly bullish on Wynn Resorts, with the Zacks Consensus Estimate for 2025 EPS rising by 8% to $5.28 per share, reflecting confidence in the company's operational performance and growth initiatives [13] Valuation - Despite strong fundamentals, Wynn Resorts is trading at a forward P/E of 16.98X, below the industry average and the broader Consumer Discretionary sector, presenting an attractive entry point for investors [16] Investment Opportunity - Wynn Resorts is viewed as a compelling investment opportunity due to its operational performance, expansion efforts, and attractive valuation, with a focus on sustained growth and profitability [19][20]
Wall Street Analysts Think Wynn (WYNN) Could Surge 25.54%: Read This Before Placing a Bet
ZACKS· 2025-03-03 16:00
Core Viewpoint - Wynn Resorts (WYNN) has seen a 2.8% increase in share price over the past four weeks, closing at $89.32, with a mean price target of $112.13 indicating a potential upside of 25.5% [1] Price Targets - The average of 16 short-term price targets ranges from a low of $95 to a high of $132, with a standard deviation of $11.27, suggesting a potential increase of 6.4% to 47.8% from the current price level [2] - A low standard deviation indicates a greater agreement among analysts regarding the price targets, which can be a useful starting point for further research [7] Analyst Sentiment - Analysts show strong agreement in revising earnings per share (EPS) estimates higher, which correlates with potential stock price increases [9] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 8%, with six estimates moving higher and one lower [10] Zacks Rank - WYNN holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential upside [11] Conclusion on Price Targets - While consensus price targets may not be reliable for predicting exact stock gains, they can provide a directional guide for price movement [12]
Is Wynn Resorts (WYNN) Stock Undervalued Right Now?
ZACKS· 2025-02-14 15:45
Core Insights - The article emphasizes the importance of the Zacks Rank system and its focus on earnings estimates and revisions to identify strong stocks [1] - Value investing is highlighted as a popular and successful strategy across various market conditions, relying on fundamental analysis to find undervalued stocks [2] - The Style Scores system is introduced as a tool for investors to identify stocks with specific traits, particularly in the "Value" category [3] Company Analysis: Wynn Resorts (WYNN) - Wynn Resorts currently holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential for value investors [4] - The stock is trading at a P/E ratio of 15.73, significantly lower than the industry average of 29.88, suggesting it may be undervalued [4] - Over the past year, Wynn's Forward P/E has fluctuated between 12.68 and 21.83, with a median of 17.52, indicating variability in market perception [4] - The P/S ratio for Wynn is 1.24, slightly below the industry average of 1.28, reinforcing the notion of undervaluation [5] - Overall, Wynn Resorts appears to be an impressive value stock, supported by strong earnings outlook and key valuation metrics [6]
Wynn Resorts Q4 Earnings Surpass Estimates, Revenues Fall Y/Y
ZACKS· 2025-02-14 13:26
Core Insights - Wynn Resorts, Limited reported fourth-quarter 2024 results with earnings and revenues exceeding the Zacks Consensus Estimate, although the top line showed a year-over-year decline while the bottom line improved [1][2][3] Financial Performance - Adjusted earnings per share (EPS) for the fourth quarter were $2.42, surpassing the Zacks Consensus Estimate of $1.27 by 90.6%, compared to $1.91 in the prior-year quarter [3] - Quarterly operating revenues reached $1.84 billion, exceeding the consensus mark of $1.78 billion by 3.4%, but fell 0.1% year over year [3] Segment Performance - Wynn Palace's operating revenues increased to $562.9 million from $524.4 million in the prior-year quarter, with casino revenues rising 10% year over year to $458.8 million [4] - Wynn Macau's operating revenues were $363.7 million, down from $386.2 million in the prior-year quarter, with casino revenues at $306.5 million, a 4.4% decline year over year [7][8] - Las Vegas operations generated $699.5 million in revenues, slightly up from $696.8 million in the prior-year quarter, with casino revenues increasing 13.4% year over year to $190 million [11] Operational Metrics - Revenue per available room (RevPAR) declined 4.9% year over year to $291, with occupancy levels at 98.4% [6] - For Wynn Macau, RevPAR fell 15.3% year over year to $238, while occupancy remained flat at 99.4% [10] - In Las Vegas, RevPAR decreased 6.1% year over year to $527, with an occupancy rate of 88.1% [12] Cash Position and Debt - As of December 31, 2024, Wynn Resorts had cash and cash equivalents totaling $2.43 billion, with total outstanding debt at $10.54 billion [17] Annual Highlights - Total revenues for 2024 were $7.13 billion, up from $6.53 billion in 2023, with adjusted Property EBITDAR at $2.36 billion compared to $2.11 billion in the previous year [19]
Wynn (WYNN) Reports Q4 Earnings: What Key Metrics Have to Say
ZACKS· 2025-02-14 01:02
Core Insights - Wynn Resorts reported revenue of $1.84 billion for the quarter ended December 2024, a slight decrease of 0.1% year-over-year, but exceeded the Zacks Consensus Estimate by 3.38% [1] - The company's EPS was $2.42, significantly higher than the $1.91 reported in the same quarter last year, representing a surprise of 90.55% over the consensus estimate of $1.27 [1] Financial Performance Metrics - Las Vegas Operations generated revenue of $655.04 million, surpassing the average estimate of $629.35 million [4] - Revenue per available room (REVPAR) in Las Vegas was $527, exceeding the average estimate of $510.98 [4] - Average daily rate (ADR) for Las Vegas was $598, higher than the estimated $574.60 [4] - Slot machine handle in Las Vegas reached $1.91 billion, compared to the average estimate of $1.69 billion [4] - Operating revenues for Las Vegas Operations were $699.54 million, slightly above the estimated $649.07 million, reflecting a year-over-year increase of 0.4% [4] - Macau Operations reported operating revenues of $926.61 million, exceeding the average estimate of $908.44 million, with a year-over-year increase of 1.8% [4] - Encore Boston Harbor's operating revenues were $212.65 million, slightly below the estimate of $215.80 million, showing a year-over-year decline of 2.1% [4] - Wynn Macau's operating revenues were $363.68 million, marginally below the estimate of $364.94 million, representing a year-over-year decrease of 5.8% [4] - Wynn Palace reported operating revenues of $562.93 million, exceeding the average estimate of $542.16 million, with a year-over-year increase of 7.4% [4] - Las Vegas Operations' room revenue was $228.59 million, above the estimate of $221.11 million, but showed a year-over-year decline of 5.9% [4] - Casino revenue for Las Vegas Operations was $190.07 million, significantly higher than the average estimate of $148.10 million, reflecting a year-over-year increase of 13.4% [4] - Encore Boston Harbor's room revenue was $22.61 million, below the estimate of $24.49 million, indicating a year-over-year decline of 7% [4] Stock Performance - Wynn's shares have returned -4.9% over the past month, contrasting with the Zacks S&P 500 composite's increase of 3.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]
Wynn Resorts(WYNN) - 2024 Q4 - Earnings Call Transcript
2025-02-14 00:49
Financial Data and Key Metrics Changes - Wynn Resorts reported a record year of adjusted property EBITDA, with Las Vegas achieving another annual record [8][10] - Adjusted property EBITDA for Wynn Las Vegas was $267.4 million on operating revenue of $699.5 million, resulting in an EBITDA margin of 38.2%, down 1% year on year [24][25] - Macau operations generated $292.8 million in adjusted property EBITDA on $926.6 million of operating revenue, resulting in an EBITDA margin of 31.6% [27] Business Line Data and Key Metrics Changes - In Las Vegas, table games drop was flat year on year, while slot handle increased by 13% [11][25] - Encore Boston reported adjusted property EBITDA of $58.8 million on revenue of $212.7 million, with an EBITDA margin of 27.7% [26] - Macau's EBITDA was down about 1% year over year but up 11% sequentially, with a focus on maximizing EBITDA despite competitive pressures [17][18] Market Data and Key Metrics Changes - Demand in Las Vegas remained healthy in January, with both drop and handle up year over year, and ADR and SMB covers also increasing [13][14] - In Boston, slot handle was up 6%, setting a new all-time property record for slot revenue [15][16] - Macau saw healthy mass table drop and strong direct VIP turnover during the Chinese New Year period, with full hotel occupancy [19][20] Company Strategy and Development Direction - The company is focused on diversifying its business with the development project in the UAE, which is expected to produce meaningful EBITDA [9][21] - Wynn Resorts is committed to returning capital to shareholders through share repurchases and dividends, with a recent repurchase of $200 million in Q4 [10][33] - The company is exploring additional market opportunities in attractive gateway cities and has strategic land banks in new markets [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the future, citing strong demand indicators and a robust setup for 2025 [14][102] - The competitive environment in Macau remains stable, with a focus on EBITDA and margin rather than market share [52] - Management noted that the premium customer segment outperformed the base market during Chinese New Year, indicating a healthy customer base [59] Other Important Information - The company announced a cash dividend of $0.25 per share, payable on March 5, 2025 [33] - A $2.4 billion financing package for the UAE project was finalized, marking a significant milestone [36] - The company is advancing design work and approvals for several concession-related CapEx projects in Macau [29][30] Q&A Session Summary Question: What win rate is being used for favorable hold in Las Vegas? - Management confirmed a 22% embedded table hold [40] Question: Is EBITDA growth expected in January and February despite the Super Bowl impact? - Management indicated that all key volume indicators were up year over year, excluding the Super Bowl weekend [46][102] Question: How is the competitive environment in Macau expected to evolve? - Management stated that the market remains competitive but stable, focusing on EBITDA and margin [52] Question: Can you elaborate on the acquisition in London and future expansion opportunities? - The acquisition is part of establishing a presence in a key global gateway city, with potential for further expansion [66] Question: What are the major milestones for the UAE project leading up to 2027? - Topping off of the project is expected towards the end of the year, with further engagement with investors planned [80] Question: How is the company managing operating expenses in Las Vegas? - Management emphasized a comprehensive approach to managing OpEx without impacting customer experience [128][132] Question: What is the outlook for CapEx in Macau? - The company is committed to a $2.6 billion investment over ten years, focusing on projects that align with the Wynn brand [168][172]
Wynn Resorts (WYNN) Q4 Earnings and Revenues Top Estimates
ZACKS· 2025-02-13 23:21
Wynn Resorts (WYNN) came out with quarterly earnings of $2.42 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 90.55%. A quarter ago, it was expected that this casino operator would post earnings of $1.17 per share when it actually produced earnings of $0.90, delivering a surprise of -23.08%.Over the last four quarters, the co ...