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Zacks' 7 Best Strong Buy Stocks (New Research Report)
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Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
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Wynn Tops Q1 Earnings Estimates, Macau Fails to Impress
Wynn Resorts (WYNN - Free Report) just released its first quarter financial results, posting adjusted earnings of $2.30 per share and revenues of $1.72 billion.
Wynn is currently a Zacks Rank #3 (Hold). Shares of Wynn are up 67% over the last year and 18% in the last 12 weeks. However, Wynn stock slipped 1.68% to hit $190 per share on Tuesday prior to the release of its first quarter earnings results.
Wynn stock is currently down marginally in after-hours trading shortly after its earnings report was released.
WYNN:
Beat earnings estimates. The company posted adjusted earnings of $2.30 per share, beating the Zacks Consensus Estimate of $1.96 per share.
Beat revenue estimates. The company saw revenue figures of $1.72 billion, just topping our consensus estimate of $1.71 billion.
Wynn’s Q1 revenues jumped roughly 20% from $1.42 billion in the year-ago period. Meanwhile, the company’s adjusted earnings surged from $1.28 per share.
The company’s highly important Wynn Macau revenues climbed 11.9% from the year prior period to reach $618.2 million, which fell below our exclusive non-financial metrics consensus estimate that called for Macau revenues to reach $638 million.
The embattled casino company also announced a cash dividend of $0.75 per share, payable on May 29, to stockholders of record as of May 17. This represents a 50% increase in Wynn’s quarterly cash dividend from the previous quarter.
Fellow industry giants Las Vegas Sands (LVS - Free Report) and MGM Resorts (MGM - Free Report) , report their quarterly financial results later this week.
Here’s a graph that looks at WYNN’s Price, Consensus and EPS Surprise history:
Wynn Resorts, Limited Price, Consensus and EPS Surprise
Wynn Resorts, Limited Price, Consensus and EPS Surprise | Wynn Resorts, Limited Quote
Check back later for our full analysis on WYNN’s earnings report!
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It's not the one you think.
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