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Wynn Resorts (WYNN) Gains But Lags Market: What You Should Know
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Wynn Resorts (WYNN - Free Report) closed the most recent trading day at $57.44, moving +1.61% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.63%. At the same time, the Dow added 1.07%, and the tech-heavy Nasdaq gained 0.3%.
Prior to today's trading, shares of the casino operator had lost 15.37% over the past month. This has lagged the Consumer Discretionary sector's gain of 1.42% and the S&P 500's gain of 2.94% 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 -$1.20, up 3.23% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $852.25 million, down 14.32% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$3.77 per share and revenue of $3.86 billion, which would represent changes of +38.4% and +2.68%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Wynn Resorts. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. The Zacks Consensus EPS estimate has moved 1.82% lower within the past month. Wynn Resorts currently has a Zacks Rank of #4 (Sell).
The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Wynn Resorts (WYNN) Gains But Lags Market: What You Should Know
Wynn Resorts (WYNN - Free Report) closed the most recent trading day at $57.44, moving +1.61% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.63%. At the same time, the Dow added 1.07%, and the tech-heavy Nasdaq gained 0.3%.
Prior to today's trading, shares of the casino operator had lost 15.37% over the past month. This has lagged the Consumer Discretionary sector's gain of 1.42% and the S&P 500's gain of 2.94% 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 -$1.20, up 3.23% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $852.25 million, down 14.32% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$3.77 per share and revenue of $3.86 billion, which would represent changes of +38.4% and +2.68%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Wynn Resorts. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. The Zacks Consensus EPS estimate has moved 1.82% lower within the past month. Wynn Resorts currently has a Zacks Rank of #4 (Sell).
The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.