Earnings results for Wynn Resorts (NASDAQ:WYNN)
Wynn Resorts, Limited is expected* to report earnings on 11/05/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $-3.31. The reported EPS for the same quarter last year was $0.17.
Wynn Resorts last released its quarterly earnings results on August 4th, 2020. The casino operator reported ($6.14) EPS for the quarter, missing analysts’ consensus estimates of ($4.98) by $1.16. The business had revenue of $85.70 million for the quarter, compared to the consensus estimate of $275.82 million. Its revenue was down 94.8% on a year-over-year basis. Wynn Resorts has generated $2.61 earnings per share over the last year. Wynn Resorts has confirmed that its next quarterly earnings report will be published on Thursday, November 5th, 2020.
Analyst Opinion on Wynn Resorts (NASDAQ:WYNN)
15 Wall Street analysts have issued ratings and price targets for Wynn Resorts in the last 12 months. Their average twelve-month price target is $105.14, predicting that the stock has a possible upside of 38.13%. The high price target for WYNN is $181.00 and the low price target for WYNN is $72.00. There are currently 7 hold ratings and 8 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Wynn Resorts has received a consensus rating of Buy. The company’s average rating score is 2.53, and is based on 8 buy ratings, 7 hold ratings, and no sell ratings. According to analysts’ consensus price target of $105.14, Wynn Resorts has a forecasted upside of 38.1% from its current price of $76.12. Wynn Resorts has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Dividend Strength: Wynn Resorts (NASDAQ:WYNN)
Wynn Resorts does not currently pay a dividend. Wynn Resorts does not have a long track record of dividend growth.
Insiders buying/selling: Wynn Resorts (NASDAQ:WYNN)
In the past three months, Wynn Resorts insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $253,846.00 in company stock. Only 0.75% of the stock of Wynn Resorts is held by insiders. 69.49% of the stock of Wynn Resorts is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Wynn Resorts (NASDAQ:WYNN
Earnings for Wynn Resorts are expected to grow in the coming year, from ($14.46) to ($1.79) per share. The P/E ratio of Wynn Resorts is -7.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Wynn Resorts is -7.28, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Wynn Resorts has a P/B Ratio of 5.30. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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