Get a deeper insight into the potential performance of Wynn (WYNN) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Casino mogul Steve Wynn has asked the U.S. Supreme Court to hear an appeal that, if granted, could give the justices a chance to revisit libel protections for journalists enshrined in a landmark 1964 ruling that has been questioned by two conservative justices and President Donald Trump.
Wynn (WYNN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Wynn Resorts, Limited intends to buy the Crown London casino to strategically acquire customers to its currently under-construction UAE and other resorts. Industry data suggests a weaker Q4 with gaming revenues declining in the Las Vegas strip and growth moderating in Macau. With a still stable longer-term outlook, I estimate Wynn stock to be fairly valued, with an estimated fair value of $80.3.
Allan Zeman, non-executive chairman of Wynn Macau, talks about Macao's efforts to diversify beyond casinos, and how the territory's economy is changing.
Wynn (WYNN) reported earnings 30 days ago. What's next for the stock?
Moody's signaled the casino operator's credit rating could rise.
WYNN's focus on UAE expansion and innovative initiatives in Macau bode well. However, increased operating expenses are a concern.
The decline in Wynn shares since "soft" 3Q results opens up an opportunity to buy undervalued assets. The actual numbers cited in 3Q are marginal declines that fit the historic trading pattern of the stock. The key here has always been resiliency and superior assets.
Billionaire Tilman Fertitta has increased his ownership stake in Wynn Resorts to 9.9%, according to a filing with the Securities and Exchange Commission. The filing indicates a passive position, though multiple people familiar with the matter tell CNBC they suspect Fertitta will be demanding.
I believe Wynn Resorts' recent price drop may present a buying opportunity, despite soft Q3 earnings, as the company remains fundamentally strong. Buying assets cheaply insulates against market volatility; Wynn's shares were inexpensive when I bought, mitigating the impact of recent earnings. The latest financial results are decent in a historical context, but the stock isn't objectively cheap compared to safer alternatives like the 10-Year Treasury Note.
Wynn is losing market share in Macao, the biggest gaming market in the world.