Wynn (WYNN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
WYNN benefits from robust demand for non-gaming businesses and expansion efforts.
The average of price targets set by Wall Street analysts indicates a potential upside of 25.5% in Wynn (WYNN). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Wynn Resorts tops expectations for fourth-quarter earnings and revenue.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
WYNN's fourth-quarter 2024 performance reflects strong contributions from Wynn Palace and Las Vegas Operations.
The headline numbers for Wynn (WYNN) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Wynn Resorts, Limited (NASDAQ:WYNN ) Q4 2024 Results Conference Call February 13, 2025 4:30 PM ET Company Participants Julie Cameron-Doe - Chief Financial Officer Craig Billings - Chief Executive Officer Brian Gullbrants - Chief Operating Officer, North America Linda Chen - President, Wynn Macau Frederic Luvisutto - Chief Operating Officer, Wynn Palace Conference Call Participants Carlo Santarelli - Deutsche Bank Sean Kelley - Bank of America John DeCree - CBRE David Katz - Jefferies Robin Farley - UBS Dan Politzer - Wells Fargo Stephen Grambling - Morgan Stanley Steve Wieczynski - Stifel Brandt Montour - Barclays Chad Beynon - Macquarie Ben Chaiken - Mizuho Operator Welcome to the Wynn Resorts Fourth Quarter 2024 Earnings Call. [Operator Instructions] This call is being recorded.
Wynn Resorts (WYNN) came out with quarterly earnings of $2.42 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.91 per share a year ago.
You'd have to look far and wide to find an area of Wall Street not rattled by tariffs.
WYNN's fourth-quarter 2024 results are likely to reflect tough comps, intense competition and higher expenses.