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Wynn Resorts (WYNN) Dips More Than Broader Markets: What You Should Know
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Wynn Resorts (WYNN - Free Report) closed at $82.16 in the latest trading session, marking a -0.74% move from the prior day. This change lagged the S&P 500's 0.52% loss on the day. Elsewhere, the Dow lost 0.13%, while the tech-heavy Nasdaq lost 1.4%.
Coming into today, shares of the casino operator had gained 35.47% in the past month. In that same time, the Consumer Discretionary sector gained 12.06%, while the S&P 500 gained 13.35%.
Wall Street will be looking for positivity from WYNN as it approaches its next earnings report date. In that report, analysts expect WYNN to post earnings of -$1.05 per share. This would mark a year-over-year decline of 165.22%. Our most recent consensus estimate is calling for quarterly revenue of $1.09 billion, down 33.85% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$2.38 per share and revenue of $5.35 billion, which would represent changes of -191.19% and -19.11%, respectively, from the prior year.
Any recent changes to analyst estimates for WYNN should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 458.06% lower. WYNN 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 68, which puts it in the top 27% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Wynn Resorts (WYNN) Dips More Than Broader Markets: What You Should Know
Wynn Resorts (WYNN - Free Report) closed at $82.16 in the latest trading session, marking a -0.74% move from the prior day. This change lagged the S&P 500's 0.52% loss on the day. Elsewhere, the Dow lost 0.13%, while the tech-heavy Nasdaq lost 1.4%.
Coming into today, shares of the casino operator had gained 35.47% in the past month. In that same time, the Consumer Discretionary sector gained 12.06%, while the S&P 500 gained 13.35%.
Wall Street will be looking for positivity from WYNN as it approaches its next earnings report date. In that report, analysts expect WYNN to post earnings of -$1.05 per share. This would mark a year-over-year decline of 165.22%. Our most recent consensus estimate is calling for quarterly revenue of $1.09 billion, down 33.85% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$2.38 per share and revenue of $5.35 billion, which would represent changes of -191.19% and -19.11%, respectively, from the prior year.
Any recent changes to analyst estimates for WYNN should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 458.06% lower. WYNN 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 68, which puts it in the top 27% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.