Wynn Resorts First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Wynn Resorts, Limited (NASDAQ:WYNN) will unveil its latest earnings on Wednesday, May 9, 2012. Wynn Resorts is a developer, owner and operator of destination casino resorts. It owns and operates three: Wynn Las Vegas, Encore at Wynn Las Vegas, and Wynn Macau.

Wynn Resorts, Limited Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.40 per share, a rise of 1.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.36. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.40 during the last month. For the year, analysts are projecting profit of $6.07 per share, a rise of 22.6% from last year.

Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the fourth quarter of the last fiscal year, the company reported net income of $1.55 per share versus a mean estimate of profit of $1.26 per share. In the third quarter of the last fiscal year, the company missed estimates by 12 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 5.6% in revenue from the year-earlier quarter to $1.33 billion.

Analyst Ratings: 11 out of 19 analysts surveyed (57.9%) have a buy rating on Wynn Resorts. This falls short of the analyst rating of nine competitors, which average 64.1% buy ratings.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 66.7% to $190.5 million ($1.51 a share) from $114.2 million (92 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 8.6% to $1.34 billion from $1.24 billion.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 38.7% in the first quarter of the last fiscal year, 32.4% in the second quarter of the last fiscal year and 29.1% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 7, 2012 and May 3, 2012, the stock price rose $18.39 (16.4%), from $112.16 to $130.55. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 8, 2011, when shares rose for 10 straight days, increasing 22.7% (+$29.48) over that span. It saw one of its worst periods between September 19, 2011 and September 26, 2011 when shares fell for six straight days, dropping 13.6% (-$21.35) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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