Wynn Resorts Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Wynn Resorts (NASDAQ:WYNN) will unveil its latest earnings on Thursday, January 31, 2013. 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 Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.26 per share, a decline of 18.7% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.28. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. For the year, analysts are projecting net income of $5.44 per share, a rise of 9.9% from last year.

Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the third quarter, the company reported profit of $1.48 per share versus a mean estimate of net income of $1.33 per share. In the second quarter, the company missed estimates by 11 cents.

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A Look Back: In the third quarter, profit fell 11.8% to $112 million ($1.11 a share) from $127.1 million ($1.01 a share) the year earlier, but exceeded analyst expectations. Revenue rose more than twofold to $2.69 billion from $1.3 billion.

Stock Price Performance: From December 27, 2012 to January 28, 2013, the stock price rose $12.53 (11.3%), from $111.01 to $123.54. The stock price saw one of its best stretches over the last year between September 5, 2012 and September 14, 2012, when shares rose for eight straight days, increasing 13.5% (+$13.41) over that span. It saw one of its worst periods between May 1, 2012 and May 17, 2012 when shares fell for 13 straight days, dropping 24.6% (-$33.17) over that span.

Wall St. Revenue Expectations: On average, analysts predict $1.27 billion in revenue this quarter, a decline of 5.2% from the year-ago quarter. Analysts are forecasting total revenue of $5.13 billion for the year, a decline of 2.7% from last year’s revenue of $5.27 billion.

Key Stats:

On the top line, the company is hoping to build on a revenue increase last quarter. Revenue fell 8.3% in the second quarter after increasing in the third quarter.

Analyst Ratings: With 12 analysts rating the stock a buy, none rating it a sell and seven rating the stock a hold, there are indications of a bullish stance by analysts.

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