Sterne Agee Raises Estimates On Wynn Resorts

According to Sterne Agee, Wynn Resorts WYNN estimates are raised. Sterne Agee said that it is raising WYNN estimates ahead of today's 2Q11 earnings release scheduled for after the close. “Our 2Q11 Macau property EBITDA goes to $307.7m from $281.3m, and we inch up Las Vegas EBITDA to $78.3m from $75.9m. Our CY11/CY12 total adjusted EBITDA goes to ~$1,489m/$1,583m from ~$1,408m/$1,452m. Our EPS estimates are raised as follows: 2Q11E to $1.17 from $1.00, 2011E to $4.96 from $4.46 and 2012E to $5.47 from $4.62.” Wynn Resorts closed yesterday at $162.62.