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Wynn (WYNN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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Wynn Resorts (WYNN - Free Report) reported $1.84 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 83.1%. EPS of $1.91 for the same period compares to -$1.23 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.72 billion, representing a surprise of +7.01%. The company delivered an EPS surprise of +70.54%, with the consensus EPS estimate being $1.12.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Wynn performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
REVPAR - Wynn Las Vegas: $561 versus $475.59 estimated by three analysts on average.
Table Drop - Las Vegas Operations: $657.56 million compared to the $610.46 million average estimate based on three analysts.
Room occupancy rate - Wynn Las Vegas: 88.9% compared to the 92.6% average estimate based on three analysts.
Average daily room rate - Wynn Las Vegas: $631 versus $513.65 estimated by three analysts on average.
Operating revenues- Las Vegas Operations: $696.80 million versus $608.55 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +19% change.
Operating revenues- Macau Operations: $910.56 million compared to the $777.52 million average estimate based on four analysts. The reported number represents a change of +378.6% year over year.
Operating revenues- Encore Boston Harbor: $160.46 million versus $222.16 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -26.5% change.
Operating revenues- Wynn Macau: $386.20 million compared to the $310.65 million average estimate based on three analysts. The reported number represents a change of +400.3% year over year.
Operating revenues- Wynn Palace: $524.36 million versus the three-analyst average estimate of $544.48 million. The reported number represents a year-over-year change of +363.8%.
Encore Boston Harbor- Operating revenues- Rooms: $24.30 million versus $23.14 million estimated by three analysts on average.
Encore Boston Harbor- Operating revenues- Casino: $160.46 million versus $167.40 million estimated by three analysts on average.
Las Vegas Operations- Operating revenues- Rooms: $242.99 million versus the three-analyst average estimate of $205.58 million.
Shares of Wynn have returned +5% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Wynn (WYNN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Wynn Resorts (WYNN - Free Report) reported $1.84 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 83.1%. EPS of $1.91 for the same period compares to -$1.23 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.72 billion, representing a surprise of +7.01%. The company delivered an EPS surprise of +70.54%, with the consensus EPS estimate being $1.12.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Wynn performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- REVPAR - Wynn Las Vegas: $561 versus $475.59 estimated by three analysts on average.
- Table Drop - Las Vegas Operations: $657.56 million compared to the $610.46 million average estimate based on three analysts.
- Room occupancy rate - Wynn Las Vegas: 88.9% compared to the 92.6% average estimate based on three analysts.
- Average daily room rate - Wynn Las Vegas: $631 versus $513.65 estimated by three analysts on average.
- Operating revenues- Las Vegas Operations: $696.80 million versus $608.55 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +19% change.
- Operating revenues- Macau Operations: $910.56 million compared to the $777.52 million average estimate based on four analysts. The reported number represents a change of +378.6% year over year.
- Operating revenues- Encore Boston Harbor: $160.46 million versus $222.16 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -26.5% change.
- Operating revenues- Wynn Macau: $386.20 million compared to the $310.65 million average estimate based on three analysts. The reported number represents a change of +400.3% year over year.
- Operating revenues- Wynn Palace: $524.36 million versus the three-analyst average estimate of $544.48 million. The reported number represents a year-over-year change of +363.8%.
- Encore Boston Harbor- Operating revenues- Rooms: $24.30 million versus $23.14 million estimated by three analysts on average.
- Encore Boston Harbor- Operating revenues- Casino: $160.46 million versus $167.40 million estimated by three analysts on average.
- Las Vegas Operations- Operating revenues- Rooms: $242.99 million versus the three-analyst average estimate of $205.58 million.
View all Key Company Metrics for Wynn here>>>Shares of Wynn have returned +5% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.