Wynn Resorts, Limited (WYNN) will likely benefit from solid Macau performance, non-gaming businesses and development projects. Also, focus on strategic expansion plans 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 GrowthWynn Resorts has been benefitting from solid Macau performance. Following the elimination of COVID-19 protective measures by Macau authorities in January 2023, visitation ...

Core Insights - Zacks Premium provides various tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [2][3][4] - Value Score identifies undervalued stocks using financial ratios like P/E and Price/Sales [2] - Growth Score assesses a company's future earnings and financial health to find sustainable growth opportunities [3] - Momentum Score evaluates price trends and earnings outlook to identify favorable buying opportunities [3] - VGM Score combines all three styles to highlight stocks with the best overall characteristics [4] Zacks Rank and Its Importance - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investors in stock selection [5] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41%, significantly outperforming the S&P 500 [5] - A total of over 800 stocks are rated, making it essential for investors to utilize Style Scores alongside the Zacks Rank for optimal stock selection [6] Stock Highlight: Wynn Resorts (WYNN) - Wynn Resorts, a leading casino resort operator, is currently rated 3 (Hold) with a VGM Score of A [8] - The company has a strong Momentum Style Score of A, with a recent share price increase of 0.1% over the past four weeks [8] - Analysts have raised earnings estimates for WYNN, with the Zacks Consensus Estimate increasing by $0.26 to $5.58 per share, and an average earnings surprise of 46.4% [8][9]

Wynn Resorts, Limited (WYNN) reported impressive first-quarter 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate. Also, the top and the bottom line rose year over year.During the quarter, the company reported strong performance in non-gaming businesses, with 16% year-on-year revenue growth. The upside was primarily driven by a 21% increase in hotel revenues and healthy casino volumes. In Las Vegas, WYNN’s emphasis on superior service, continuous property reinvestment and exclu ...

For the quarter ended March 2024, Wynn Resorts (WYNN) reported revenue of $1.86 billion, up 30.9% over the same period last year. EPS came in at $1.59, compared to $0.29 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.77 billion, representing a surprise of +5.05%. The company delivered an EPS surprise of +11.19%, with the consensus EPS estimate being $1.43. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Wynn Resorts, Limited (NASDAQ:WYNN) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Julie Cameron-Doe - CFO Craig Billings - CEO Brian Gullbrants - COO, North America Conference Call Participants Carlo Santarelli - Deutsche Bank Joseph Greff - JPMorgan Shaun Kelley - Bank of America Daniel Politzer - Wells Fargo John DeCree - CBRE Robin Farley - UBS Benjamin Chaiken - Mizuho David Katz - Jefferies Operator Welcome to the Wynn Resorts First Quarter Earnings Call. All participants ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 000-50028 WYNN RESORTS, LIMITED (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizati ...

"The strong momentum we experienced in our business throughout 2023 continued to build during the first quarter with Adjusted Property EBITDAR reaching a new all-time record. The investments we have made in our properties, our team and our unique programming continue to extend our leadership position in each of our markets," said Craig Billings, CEO of Wynn Resorts, Limited. "On the development front, vertical construction on the hotel tower at Wynn Al Marjan Island is well underway, and we are confident th ...

Wynn Resorts, Limited (WYNN) is scheduled to release first-quarter 2024 results on May 7, 2024, after the closing bell. In the previous quarter, the company delivered an earnings surprise of 70.5%.How are Estimates Placed?The Zacks Consensus Estimate for first-quarter bottom line is pegged at $1.43 per share, indicating a surge of 393.1% from 29 cents reported in the year-ago quarter.For revenues, the consensus mark is pegged at nearly $1.8 billion. The metric suggests an improvement of 24.6% from the year- ...

Wynn Design and Development, employing more than 90 talented architects, designers, and creative visionaries, is overseeing all facets of the project's design and development. Wynn Resorts is unique in that it maintains its own full-service design and architectural team. Wynn Design and Development has created all of Wynn's bespoke gaming resorts. Having designed and developed iconic resorts on two continents, and now with another in Ras Al Khaimah, it is safe to say no single design and architecture team h ...

Wall Street analysts forecast that Wynn Resorts (WYNN) will report quarterly earnings of $1.43 per share in its upcoming release, pointing to a year-over-year increase of 393.1%. It is anticipated that revenues will amount to $1.77 billion, exhibiting an increase of 24.6% compared to the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 2.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reasses ...