We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Wynn Resorts (WYNN) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
Wynn Resorts (WYNN - Free Report) closed the most recent trading day at $94.18, moving +0.42% from the previous trading session. This change outpaced the S&P 500's 1.81% loss on the day. Elsewhere, the Dow lost 1.47%, while the tech-heavy Nasdaq lost 0.51%.
Heading into today, shares of the casino operator had gained 9.31% over the past month, outpacing the Consumer Discretionary sector's loss of 2.97% and the S&P 500's loss of 1.84% in that time.
Investors will be hoping for strength from Wynn Resorts as it approaches its next earnings release, which is expected to be February 15, 2022. On that day, Wynn Resorts is projected to report earnings of -$1.24 per share, which would represent year-over-year growth of 49.39%. Our most recent consensus estimate is calling for quarterly revenue of $1.03 billion, up 49.81% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Wynn Resorts. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 34.72% higher. Wynn Resorts is holding a Zacks Rank of #3 (Hold) right now.
The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Wynn Resorts (WYNN) Gains As Market Dips: What You Should Know
Wynn Resorts (WYNN - Free Report) closed the most recent trading day at $94.18, moving +0.42% from the previous trading session. This change outpaced the S&P 500's 1.81% loss on the day. Elsewhere, the Dow lost 1.47%, while the tech-heavy Nasdaq lost 0.51%.
Heading into today, shares of the casino operator had gained 9.31% over the past month, outpacing the Consumer Discretionary sector's loss of 2.97% and the S&P 500's loss of 1.84% in that time.
Investors will be hoping for strength from Wynn Resorts as it approaches its next earnings release, which is expected to be February 15, 2022. On that day, Wynn Resorts is projected to report earnings of -$1.24 per share, which would represent year-over-year growth of 49.39%. Our most recent consensus estimate is calling for quarterly revenue of $1.03 billion, up 49.81% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Wynn Resorts. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 34.72% higher. Wynn Resorts is holding a Zacks Rank of #3 (Hold) right now.
The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.