Luxury hotels and casino operator Wynn Resorts (NASDAQ: WYNN) will be reporting results this Thursday after the bell. Here’s what you need to know.
Wynn Resorts missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $1.74 billion, flat year on year. It was a softer quarter for the company, with a significant miss of analysts’ EPS estimates and a miss of analysts’ EBITDA estimates.
Is Wynn Resorts a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Wynn Resorts’s revenue to grow 4.8% year on year to $1.77 billion, improving from the 1.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.15 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Wynn Resorts has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Wynn Resorts’s peers in the casino operator segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Boyd Gaming delivered year-on-year revenue growth of 4.5%, beating analysts’ expectations by 15.7%, and Red Rock Resorts reported revenues up 1.6%, falling short of estimates by 0.8%. Boyd Gaming traded down 7.3% following the results while Red Rock Resorts was also down 11.8%.
Read our full analysis of Boyd Gaming’s results here and Red Rock Resorts’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the casino operator stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7% on average over the last month. Wynn Resorts is down 2.7% during the same time and is heading into earnings with an average analyst price target of $134.74 (compared to the current share price of $121.20).
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