Wynn WYNN reported second quarter revenue above expectations. How did the company manage to top analyst predictions? To figure out why, let's dig into the numbers. Then we can take a closer look at what your next steps should be.
The Big Numbers:The company reported EPS of adjusted net income of 97 cents/share versus the 99 cents/share estimate and revenues of $1.37 billion versus the $1.26 billion estimate.
Wall Street watched as Wynn Resorts topped expectations with its latest EPS and revenue figures.
EPS rose 131% while revenue climbed 32.4% from the same period last year.
This quarter marks the fifth consecutive of double-digit year-over-year revenue growth for Wynn.
Income:
For the year, Wynn Resorts reported net income of $3.26 per share. The company trumped analyst projections of $2.43 by 34.2%.
According to the reported number, the company's income rose 132.9% from last year's levels.
Conference Call:
The conference call for second quarter earnings can be accessed here.
Industry:
The gaming company's industry is currently experiencing price/earnings growth of 2.9%.
The company's EPS trumps the industry average by 42.8%.
What to Do Next:
That's it -- now you have all the facts to help you decide whether to buy, sell or hang onto your Wynn Resorts shares. And don't forget to check in with us before next earnings season for a full preview of the company's next release.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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