Wynn Resorts Earnings: Here’s Why the Stock is Down Now
Wynn Resorts Ltd. (NASDAQ:WYNN) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.51%.
Wynn Resorts Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 9.42% to $1.51 in the quarter versus EPS of $1.38 in the year-earlier quarter.
Revenue: Rose 6.29% to $1.33 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Wynn Resorts Ltd. reported adjusted EPS income of $1.51 per share. By that measure, the company missed the mean analyst estimate of $1.57. It missed the average revenue estimate of $1.34 billion.
Key Stats (on next page)…
Revenue decreased 3.38% from $1.38 billion in the previous quarter. EPS decreased 25.62% from $2.03 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 $1.53 to a profit $1.57. For the current year, the average estimate has moved up from a profit of $6.30 to a profit of $6.66 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)