Wynn Resorts, Limited WYNN is set to release earnings results for its third quarter, after the closing bell on Tuesday.
Wynn Resorts (WYNN) second-quarter 2024 results are likely to be aided by increased visitor numbers and demand, especially in Las Vegas and Macau.
Get a deeper insight into the potential performance of Wynn (WYNN) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Shares of Wynn Resorts, Limited (NASDAQ:WYNN) are 4.4% lower at $79.22 at last check, pulling back from yesterday's bounce that followed the casino operators better-than-expected results for the second quarter.
Luxury casino resorts operator Wynn Resorts Ltd. NASDAQ: WYNN shares have fallen 4.7% year-to-date (YTD), trading closer to its 52-week lows at $81.65 than its 52-week highs of $112.25.
Wynn Resorts, Limited is aiming for higher production per gaming unit, following Steve Wynn's playbook. We forecast a potential upside for Wynn to reach a $150 stock price by 2025 based on historical trading patterns and market recovery. Strong revenue recovery is expected for Wynn in 2023, driven by Macau and Las Vegas growth, with potential for market outperformance and debt reduction strategy.
Wynn (WYNN) reported earnings 30 days ago. What's next for the stock?
Shares of Wynn Resorts, Limited (NASDAQ:WYNN) are a ways away from their April 4, nearly 52-week high of $110.38.
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