Wynn Resorts to Post Q3 Earnings: What's in Store for the Stock?

Core Viewpoint - Wynn Resorts, Limited (WYNN) is set to report its third-quarter 2025 results on November 6, with expectations of earnings growth despite potential margin pressures from rising costs and competition [1][9]. Earnings Estimates - The Zacks Consensus Estimate for WYNN's third-quarter earnings per share (EPS) is $1.09, reflecting a growth of 21.1% from the previous year's 90 cents [2]. - Revenue expectations are pegged at approximately $1.77 billion, indicating a rise of 4.3% from the same quarter last year [2]. Performance Drivers - Strong demand in key markets, particularly in Las Vegas and a steady recovery in Macau, is anticipated to positively influence WYNN's third-quarter performance [3]. - Elevated casino drop and handle, along with solid weekend performance and group bookings, are expected to enhance Las Vegas operations, with projected revenues rising 1.3% year over year to $615.2 million [4]. - In Macau, improvements in mass and VIP volumes, supported by strategic investments, are likely to result in third-quarter revenues of $877.6 million [5]. - Encore Boston Harbor is expected to show stable performance, with revenues projected to increase 5.2% year over year to $225.3 million [6]. Cost and Margin Pressures - Factors such as softer midweek trends in Las Vegas, increased labor and living costs, and heightened competition in Macau may negatively impact profitability [7]. - Renovation-related expenditures and construction progress at Wynn Al Marjan Island could add to near-term cost pressures, with total operating expenses expected to rise 2.7% year over year to $1.6 billion [7]. Earnings Prediction Model - The current model does not predict an earnings beat for WYNN, as it has an Earnings ESP of -0.27% and a Zacks Rank of 1 [10].