Wynn Resorts Beats Analyst Estimates on EPS

Wynn Resorts (Nasdaq: WYNN  ) reported earnings on Nov. 9. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Wynn Resorts met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share expanded.

Gross margins contracted, operating margins increased, net margins shrank.

Revenue details
Wynn Resorts reported revenue of $1.30 billion. The 19 analysts polled by S&P Capital IQ expected a top line of $1.31 billion on the same basis. GAAP reported sales were 0.0% higher than the prior-year quarter's $1.30 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $1.48. The 22 earnings estimates compiled by S&P Capital IQ predicted $1.33 per share. GAAP EPS of $1.11 for Q3 were 9.9% higher than the prior-year quarter's $1.01 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 71.9%, 10 basis points worse than the prior-year quarter. Operating margin was 20.7%, 160 basis points better than the prior-year quarter. Net margin was 8.6%, 120 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.29 billion. On the bottom line, the average EPS estimate is $1.30.

Next year's average estimate for revenue is $5.15 billion. The average EPS estimate is $5.53.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 892 members out of 1,226 rating the stock outperform, and 334 members rating it underperform. Among 287 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 216 give Wynn Resorts a green thumbs-up, and 71 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 $130.86.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On November 15, 2012, at 1:02 PM, JF125780 wrote:

    Another great article Seth, but the investors are running scared of Obama.

    I can't understand why they won't invest in China and Singapore as the problems here have little effect on the far east.

    Wynn and LVS are making record breaking profits and the slowdown in China is normal and already letting up.

    These are safe and well managed companies and if they continue to go down, I guarantee you they will come back stronger than ever.

    Danny Kowkabany

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Wynn Resorts CAPS Rating: ****