Wynn Resorts (Nasdaq: WYNN ) is expected to report Q3 earnings around Oct. 17. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Wynn Resorts's revenues will expand 0.8% and EPS will grow 25.7%.
The average estimate for revenue is $1.31 billion. On the bottom line, the average EPS estimate is $1.32.
Last quarter, Wynn Resorts notched revenue of $1.25 billion. GAAP reported sales were 8.3% lower than the prior-year quarter's $1.37 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $1.38. GAAP EPS of $1.37 for Q2 were 41% higher than the prior-year quarter's $0.97 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 70.8%, 290 basis points worse than the prior-year quarter. Operating margin was 21.3%, 550 basis points better than the prior-year quarter. Net margin was 11.0%, 210 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $5.18 billion. The average EPS estimate is $5.43.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 884 members out of 1,220 rating the stock outperform, and 336 members rating it underperform. Among 274 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 209 give Wynn Resorts a green thumbs-up, and 65 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Wynn Resorts is outperform, with an average price target of $149.95.
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