Wynn Resorts Limited Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Wynn Resorts, Limited (NASDAQ:WYNN) will unveil its latest earnings on Thursday, February 2, 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 $1.25 per share, a rise of 37.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.30. Between one and three months ago, the average estimate moved down. It also has dropped from $1.28 during the last month. For the year, analysts are projecting profit of $5.27 per share, a rise of more than twofold from last year.

Past Earnings Performance: The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting net income of $1.05 per share against an estimate of profit of $1.17 per share. The quarter before that, it missed expectations by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.35 billion in revenue this quarter, a rise of 8.9% from the year ago quarter. Analysts are forecasting total revenue of $5.29 billion for the year, a rise of 26.6% from last year’s revenue of $4.18 billion.

Analyst Ratings: 13 out of 21 analysts surveyed (61.9%) have a buy rating on Wynn Resorts.. This is below the mean analyst rating of nine competitors, which average 64.8% buy ratings.

A Look Back: In the third quarter, the company swung to a profit of $127.1 million ($1.01 a share) from a loss of $33.5 million (27 cents) a year earlier, but missed analyst estimates. Revenue rose 29.1% to $1.3 billion from $1.01 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 38.2%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 52.9% from the year earlier quarter.

Stock Price Performance: During November 2, 2011 to January 31, 2012, the stock price had fallen $17.31 (-13.1%) from $132.54 to $115.23. 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, rising 22.7% (+$29.62) 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, falling 13.6% (-$21.46) over that span.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com