Hudson Securities Expects "Strong Results" From WYNN 1Q11

Hudson Securities reports that Wynn Resorts Ltd. WYNN, which reports 1Q11 results after the close today, should have strong results. “Our current 1Q11 EBITDA estimate of $291 million is $15 million below the Street,” Hudson Securities writes. “We estimate that just under 75% of WYNN's property EBITDA will come from its Macau operations with the remaining coming from Las Vegas. Overall, we would expect strong results driven by strength in Macau.” Wynn Resorts currently trades at $140.32.