Core Viewpoint - Wynn Macau has been upgraded to a Zacks Rank 2 (Buy), indicating a positive shift in earnings estimates which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system highlights the importance of changing earnings estimates in determining short-term stock price movements, making it a valuable tool for investors [2][3]. - Institutional investors often rely on earnings estimates to assess a company's fair value, leading to stock price fluctuations based on their buying or selling actions [3]. Business Outlook for Wynn Macau - The upgrade in earnings estimates for Wynn Macau suggests an improvement in the company's underlying business, which could lead to an increase in stock price as investors respond positively [4]. - Analysts have raised their earnings estimates for Wynn Macau significantly, with a 284.2% increase in the Zacks Consensus Estimate over the past three months [7]. Zacks Rank System - The Zacks Rank system categorizes stocks based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [6]. - The upgrade of Wynn Macau to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [9].
All You Need to Know About Wynn Macau (WYNMY) Rating Upgrade to Buy