Wynn Resorts Earnings Preview: Analysts Expect Higher EPS, Revenue

Wynn Resorts WYNN releases its next round of earnings this Wednesday, October 19, 2011. Get prepared with Benzinga's ultimate preview for Wynn Resorts' third quarter earnings.

Earnings and Revenue:

Analysts are predicting an EPS reading of $1.18/share and revenues of $1.29 billion. Wynn Resorts' latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of 39 cents/share on revenues of $1.01 billion. We'll have to wait for Wednesday to see if Wynn Resorts falls in line with analyst expectations and reports an estimated increase in both EPS and revenue from the year-ago quarter.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter	Q2	Q1	Q4	Q3
EPS Estimate	$0.99	$0.73	$0.63	$0.41
EPS Actual	$0.97	$1.38	$0.91	$0.39

Stock Performance:

At last check, shares of Wynn Resorts were trading at $134.48. Shares are up 30.3% year to date. For a full 12 months, the return has risen by 29.5%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

• Long-term shareholders are already enjoying 12-month gains prior to the announcement

Average Stock Rating:

The average rating by analysts for Wynn Resorts is a Moderate Buy. This rating has strengthened over the past three months.

Competitors:

Want to check out the performance of Wynn Resorts closest competitors? Take a look at some of the company's peers in the consumer discretionary sector.

• Asia Entertainment & Resources AERL: Strong Buy with a $0.44 recent quarter EPS
• Boyd Gaming BYD: Hold with a $0.01 recent quarter EPS
• Las Vegas Sands LVS: Moderate Buy with a $0.54 recent quarter EPS
• Monarch Casino & Resort MCRI: Hold with a $0.22 recent quarter EPS

Wynn Resorts is in the gaming industry, which has experienced price/earnings contraction of 2.3%.

Finally, a description of the company's main areas of operation: Wynn Resorts is a developer, owner and operator of destination casino resorts. It owns and operates three: Wynn Las Vegas, Encore at Wynn Las Vegas, and Wynn Macau.

Take Action:

Now that you've gotten an advanced peak at Wynn Resorts' upcoming earnings numbers, keep an eye out for any surprises in the report and be ready to take action. Also, check back in with us after the announcement for a full recap and a guide to your next steps.

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