Wynn Resorts Earnings: Here’s Why Shares are Up Now
Wynn Resorts Ltd. (NASDAQ:WYNN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.36%.
Wynn Resorts Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 52.63% to $2.03 in the quarter versus EPS of $1.33 in the year-earlier quarter.
Revenue: Rose 4.96% to $1.38 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Wynn Resorts Ltd. reported adjusted EPS income of $2.03 per share. By that measure, the company beat the mean analyst estimate of $1.55. It beat the average revenue estimate of $1.37 billion.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
Revenue increased 6.95% from $1.29 billion in the previous quarter. EPS increased 73.5% from $1.17 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.56 to a profit $1.58. For the current year, the average estimate has moved up from a profit of $6.04 to a profit of $6.10 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)