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:
Check back later for our full analysis on WYNN’s earnings report!
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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:
Check back later for our full analysis on WYNN’s earnings report!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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