Wynn Resorts Stock: Is WYNN Outperforming the Consumer Discretionary Sector?

Core Viewpoint - Wynn Resorts, Limited (WYNN) is a significant player in the luxury hotel and casino industry, with a market capitalization of $13.1 billion, showcasing its size and influence in the sector [1][2]. Company Overview - WYNN develops, owns, and operates luxury hotels and casinos, with notable properties including Wynn Las Vegas, Encore, Wynn Macau, and Wynn Palace [1]. - The company is classified as a "large-cap stock," emphasizing its dominance in the resorts and casinos industry [2]. Stock Performance - WYNN's shares are currently trading 2.5% below their 52-week high of $130.84, reached on September 19 [3]. - Over the past three months, WYNN shares have increased by 42.2%, significantly outperforming the Consumer Discretionary Select Sector SPDR Fund's (XLY) 11% return [3]. - In the last 52 weeks, WYNN has surged 59%, outpacing XLY's 19.8% increase during the same period [4]. - Year-to-date, WYNN shares are up 48%, compared to XLY's 6.1% rise [4]. - WYNN has been trading above its 200-day and 50-day moving averages since early May, indicating a bullish trend [4]. Financial Performance - In Q2, WYNN reported revenue of $1.7 billion, meeting consensus estimates, but its adjusted EPS of $1.09 declined by 2.7% year-over-year and fell short of analyst expectations by 9.2% [5]. - The decline in adjusted property EBITDAR at Wynn Palace, attributed to weaker VIP table games win, negatively impacted profitability [5]. Competitive Position - WYNN has outperformed its competitor, Las Vegas Sands Corp. (LVS), which gained 26% over the past 52 weeks and 3.3% year-to-date [6].