Compared to Estimates, Wynn (WYNN) Q3 Earnings: A Look at Key Metrics

Core Viewpoint - Wynn Resorts reported a revenue of $1.69 billion for Q3 2024, showing a year-over-year increase of 1.3%, but fell short of the Zacks Consensus Estimate by 2.39% [1] Financial Performance Summary - Earnings per share (EPS) for the quarter was $0.90, down from $0.99 a year ago, representing a surprise of -23.08% against the consensus estimate of $1.17 [1] - Room occupancy rate at Wynn Las Vegas was 89%, slightly below the average estimate of 89.9% [3] - Table Drop for Las Vegas Operations was reported at $580.80 million, compared to the average estimate of $597.84 million [3] - Average daily room rate at Wynn Las Vegas was $495, lower than the estimated $502.85 [3] - Slot Machine Handle for Las Vegas Operations reached $1.70 billion, exceeding the average estimate of $1.62 billion [3] - Operating revenues for Las Vegas Operations were $607.17 million, below the average estimate of $619.31 million, marking a year-over-year decline of 1.9% [3] - Operating revenues for Encore Boston Harbor were $214.12 million, slightly above the estimated $211.79 million, reflecting a year-over-year increase of 1.8% [3] - Operating revenues for Macau Operations were $871.75 million, compared to the estimated $891.47 million, showing a year-over-year increase of 6.3% [3] - Operating revenues for Wynn Macau were $351.96 million, exceeding the average estimate of $344.04 million, with a year-over-year increase of 19.3% [3] - Operating revenues for Wynn Palace were $519.79 million, below the estimated $553.43 million, reflecting a year-over-year decline of 1% [3] - Over the past month, shares of Wynn have returned -9.3%, contrasting with the S&P 500 composite's +0.4% change [3]