Wynn Resorts, Limited (NASDAQ:WYNN) together with its subsidiaries, is a leading developer, owner and operator of casino resorts.
The company currently owns and operates casino hotel resort properties in Las Vegas, and in Macau Special Administrative Region of the People's Republic of China. It continues to benefit from a strong brand recognition, improved non-gaming revenues and expansion in domestic market.
Due to this, investors are eagerly awaiting Wynn Resorts’s earnings report in order to set the record straight and to give some guidance on where this company is heading and are these factors effectively contributing.
Wynn Resorts, Limited Price
Over the past month, the stock has witnessed 2 estimate revisions for the fourth quarter 2017. Currently, Wynn Resortshas a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: WYNNreported adjusted earnings of $1.40 per share which surpassed the Zacks Consensus Estimate of $1.36 cents per share.
Revenue: WYNNbeats on revenues. It posted revenues of $1.69 billion, compared to our consensus estimate of $1.51 billion.
Key Stats: The company’s top-line performance was positively impacted by strength in Macau Operations.
Check back later for our full write up on this WYNNearnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Wynn Resorts, Limited (WYNN): Free Stock Analysis Report
Original post
Zacks Investment Research