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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 $105.76, moving +0.48% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.15%. Meanwhile, the Dow gained 0.63%, and the Nasdaq, a tech-heavy index, added 7.23%.
Coming into today, shares of the casino operator had gained 4.07% in the past month. In that same time, the Consumer Discretionary sector gained 3.44%, while the S&P 500 gained 3.08%.
Investors will be hoping for strength from Wynn Resorts as it approaches its next earnings release. The company is expected to report EPS of $0.32, up 139.02% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.48 billion, up 62.43% from the year-ago period.
WYNN's full-year Zacks Consensus Estimates are calling for earnings of $1.82 per share and revenue of $6.01 billion. These results would represent year-over-year changes of +140.72% and +59.86%, respectively.
Any recent changes to analyst estimates for Wynn Resorts should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 7.16% higher. Wynn Resorts is currently a Zacks Rank #3 (Hold).
Digging into valuation, Wynn Resorts currently has a Forward P/E ratio of 57.83. This valuation marks a premium compared to its industry's average Forward P/E of 23.31.
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 69, putting it in the top 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow WYNN in the coming trading sessions, be sure to utilize Zacks.com.
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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 $105.76, moving +0.48% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.15%. Meanwhile, the Dow gained 0.63%, and the Nasdaq, a tech-heavy index, added 7.23%.
Coming into today, shares of the casino operator had gained 4.07% in the past month. In that same time, the Consumer Discretionary sector gained 3.44%, while the S&P 500 gained 3.08%.
Investors will be hoping for strength from Wynn Resorts as it approaches its next earnings release. The company is expected to report EPS of $0.32, up 139.02% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.48 billion, up 62.43% from the year-ago period.
WYNN's full-year Zacks Consensus Estimates are calling for earnings of $1.82 per share and revenue of $6.01 billion. These results would represent year-over-year changes of +140.72% and +59.86%, respectively.
Any recent changes to analyst estimates for Wynn Resorts should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 7.16% higher. Wynn Resorts is currently a Zacks Rank #3 (Hold).
Digging into valuation, Wynn Resorts currently has a Forward P/E ratio of 57.83. This valuation marks a premium compared to its industry's average Forward P/E of 23.31.
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 69, putting it in the top 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow WYNN in the coming trading sessions, be sure to utilize Zacks.com.