Wynn Resorts Ltd. (WYNN Quick QuoteWYNN - Free Report) is a developer and operator of high end hotels and casinos that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on WYNN’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Wynn Resorts could be a solid choice for investors.

Current Quarter Estimates for WYNN

In the past 30 days, 3 estimates have gone higher for Wynn Resorts, with no downward revisions in the same time period. The trend has been pretty favorable too, with estimates increasing from 71 cents a share 30 days ago, to 94 cents a share today, a move of 32.4%.

Current Year Estimates for WYNN

Meanwhile, Wynn Resorts’ current year figures are also looking quite promising, with 5 estimates moving higher in the past month, with no downward revisions. The consensus estimate trend has also seen a boost for this time frame, increasing from $3.02 per share 30 days ago to $3.34 per share today, an increase of 10.6%.

Bottom Line

The stock has also started to move higher lately, adding 9.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

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