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Wynn Resorts' (WYNN) second-quarter 2024 results reflect performance strengths across its Wynn Palace, Wynn Macau and Las Vegas operations, partially offset by soft contributions from the Encore Boston Harbor operation.
The headline numbers for Wynn (WYNN) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Wynn Resorts (WYNN) came out with quarterly earnings of $1.12 per share, missing the Zacks Consensus Estimate of $1.23 per share. This compares to earnings of $0.91 per share a year ago.
Wynn Resorts, Limited (NASDAQ:WYNN ) Q2 2024 Earnings Conference Call August 6, 2024 4:30 PM ET Company Participants Julie Cameron-Doe - Chief Financial Officer Craig Billings - Chief Executive Officer Brian Gullbrants - Chief Operating Officer, North America Conference Call Participants Carlo Santarelli - Deutsche Bank Joe Greff - JPMorgan Shaun Kelley - Bank of America Dan Politzer - Wells Fargo Stephen Grambling - Morgan Stanley David Katz - Jefferies Robin Farley - UBS Brandt Montour - Barclays Chad Beynon - Macquarie Operator Welcome to the Wynn Resorts Second Quarter 2024 Earnings Call. All participants are on a listen-only mode until the question-and-answer session of today's conference.
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?