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Wynn Resorts (WYNN – Free Report) Zack Consensus Estimate of $ 1.77 per share. This compares to earnings of $ 1.52 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -5.08%. A quarter ago, it was expected that this casino operator would post earnings of $ 2.03 per share when it actually produced earnings of $ 1.53, delivering a surprise of -24.63%.
Over the last mile, the company has overpassed the consensus EPS estimates two times.
$ 1.71 billion for the quarter ended September 2018, surpassing the Zacks Consensus Estimate by 4.32%. This compares to year-ago revenues of $ 1.61 billion. The company has topped consensus estimates of the last four quarters.
The sustainability of the stock market will be largely dependent on the management of the company.
Wynn shares have fallen to 34.9% since the beginning of the year versus the S & P 500's gain of 3.1%.
What's Next for Wynn?
While Wynn has been underperforming the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but it is possible that this is the company's earnings outlook. Not only does this include current earnings expectations for the coming quarter (s), but also how do these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock and estimates. Investors can track such reviews by themselves or have been tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the trend estimates for Wynn was unfavorable. While the magnitude and direction of estimates could be revised following the company's just-released earnings report, the current status is being translated into a Zacks Rank # 5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the list of today's Zacks Rank Rank (Strong Buy) stocks here.
It will be interesting to see how much for the future. The current consensus EPS estimate is $ 1.79 on $ 1.68 billion in revenue and $ 7.35 on $ 6.63 billion in revenue for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Gaming is currently in the bottom 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks -listed industries outperform the bottom 50% by a factor of more than 2 to 1.
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