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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 at $87.58 in the latest trading session, marking a +0.06% move from the prior day. This move lagged the S&P 500's daily gain of 0.96%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq lost 0.04%.
Heading into today, shares of the casino operator had lost 7.26% over the past month, outpacing the Consumer Discretionary sector's loss of 7.97% and lagging the S&P 500's loss of 0.21% in that time.
Wynn Resorts will be looking to display strength as it nears its next earnings release. In that report, analysts expect Wynn Resorts to post earnings of -$1.21 per share. This would mark year-over-year growth of 50.61%. Our most recent consensus estimate is calling for quarterly revenue of $1.03 billion, up 50.13% from the year-ago period.
WYNN's full-year Zacks Consensus Estimates are calling for earnings of -$5.97 per share and revenue of $3.74 billion. These results would represent year-over-year changes of +68.87% and +78.42%, respectively.
Investors should also note any recent changes to analyst estimates for Wynn Resorts. Recent revisions tend to reflect the latest near-term business trends. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.73% lower within the past month. Wynn Resorts is currently a Zacks Rank #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 174, which puts it in the bottom 32% 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.
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 at $87.58 in the latest trading session, marking a +0.06% move from the prior day. This move lagged the S&P 500's daily gain of 0.96%. At the same time, the Dow added 0.61%, and the tech-heavy Nasdaq lost 0.04%.
Heading into today, shares of the casino operator had lost 7.26% over the past month, outpacing the Consumer Discretionary sector's loss of 7.97% and lagging the S&P 500's loss of 0.21% in that time.
Wynn Resorts will be looking to display strength as it nears its next earnings release. In that report, analysts expect Wynn Resorts to post earnings of -$1.21 per share. This would mark year-over-year growth of 50.61%. Our most recent consensus estimate is calling for quarterly revenue of $1.03 billion, up 50.13% from the year-ago period.
WYNN's full-year Zacks Consensus Estimates are calling for earnings of -$5.97 per share and revenue of $3.74 billion. These results would represent year-over-year changes of +68.87% and +78.42%, respectively.
Investors should also note any recent changes to analyst estimates for Wynn Resorts. Recent revisions tend to reflect the latest near-term business trends. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.73% lower within the past month. Wynn Resorts is currently a Zacks Rank #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 174, which puts it in the bottom 32% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.