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Wynn Resorts (WYNN) Dips More Than Broader Markets: What You Should Know
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Wynn Resorts (WYNN - Free Report) closed the most recent trading day at $81.17, moving -0.71% from the previous trading session. This change lagged the S&P 500's 0.63% loss on the day. Elsewhere, the Dow lost 0.19%, while the tech-heavy Nasdaq lost 0.34%.
Heading into today, shares of the casino operator had gained 0.13% over the past month, lagging the Consumer Discretionary sector's gain of 0.44% and the S&P 500's gain of 6.02% in that time.
Investors will be hoping for strength from Wynn Resorts as it approaches its next earnings release. The company is expected to report EPS of -$1.12, up 53.53% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.01 billion, up 38.95% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.86 per share and revenue of $4.93 billion, which would represent changes of +85.95% and +30.91%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Wynn Resorts. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.1% higher. Wynn Resorts is currently sporting a Zacks Rank of #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 172, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Wynn Resorts (WYNN) Dips More Than Broader Markets: What You Should Know
Wynn Resorts (WYNN - Free Report) closed the most recent trading day at $81.17, moving -0.71% from the previous trading session. This change lagged the S&P 500's 0.63% loss on the day. Elsewhere, the Dow lost 0.19%, while the tech-heavy Nasdaq lost 0.34%.
Heading into today, shares of the casino operator had gained 0.13% over the past month, lagging the Consumer Discretionary sector's gain of 0.44% and the S&P 500's gain of 6.02% in that time.
Investors will be hoping for strength from Wynn Resorts as it approaches its next earnings release. The company is expected to report EPS of -$1.12, up 53.53% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.01 billion, up 38.95% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.86 per share and revenue of $4.93 billion, which would represent changes of +85.95% and +30.91%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Wynn Resorts. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.1% higher. Wynn Resorts is currently sporting a Zacks Rank of #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 172, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.