Wynn Resorts Earnings: Tops Analysts' Expectations

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. The company has enjoyed double-digit year-over-year revenue growth for the past five quarters. During that time, the company has averaged growth of 39.4%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 52.9% from the year earlier quarter. 

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: 

Wynn Resorts' industry, gaming, is currently reporting price/earnings contraction of 2.9%. With its recently reported EPS, the company is outpacing the industry's estimated 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.

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