Wynn Resorts, Limited Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Wynn Resorts, Limited (WYNN) will unveil its latest earnings on Monday, July 18, 2011. Wynn Resorts, Ltd. 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 97 cents per share, a rise of 86.5% 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 73 cents. Between one and three months ago, the average estimate moved up, and has risen from 91 cents during the last month. For the year, analysts are projecting profit of $4.39 per share, a rise of more than twofold from last year.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting net income of $1.38 per share, and the previous quarter, it had profit of 91 cents.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $1.26 billion in revenue this quarter, a rise of 22.3% from the year ago quarter. Analysts are forecasting total revenue of $5.06 billion for the year, a rise of 21.1% from last year’s revenue of $4.18 billion.

Analyst Ratings: Analysts seem relatively indifferent about Wynn Resorts with 16 of 25 analysts surveyed maintaining a hold rating.

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 41.1%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 52.9% from the year earlier quarter.

The company raised its gross margin by 3.4 percentage points in the in the first quarter. Revenue rose 38.7% while cost of sales rose 31.4% to $777.2 million from a year earlier.

Competitors to Watch: Las Vegas Sands Corp. (NYSE:LVS), MGM Resorts International. (NYSE:MGM), Pinnacle Entertainment, Inc (NYSE:PNK), Melco Crown Entertainment Ltd (NASDAQ:MPEL), Boyd Gaming Corporation (NYSE:BYD), Asia Entertainment & Resources Ltd. (NASDAQ:AERL), and Monarch Casino & Resort, Inc. (NASDAQ:MCRI).

Stock Price Performance: During June 14, 2011 to July 13, 2011, the stock price had risen $23.29 (17.5%) from $133.06 to $156.35. The stock price saw one of its best stretches over the last year between December 1, 2010, and December 14, 2010, when shares rose for 10-straight days, rising 5.2% (+$5.17) over that span. It saw one of its worst periods between June 24, 2011, and July 8, 2011, when shares fell for 10-straight days, falling 18.5% (-$29.82) over that span. Shares are up $52.87 (+51.1%) year to date.

(Source: Xignite Financials)

Get Actionable Investing Insights: Check Out Wall St. Cheat Sheet’s newest Feature Trades of the Month!

More from The Cheat Sheet