The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Wynn Resorts beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Wynn Resorts chalked up revenue of $1.29 billion. The 21 analysts polled by S&P Capital IQ predicted revenue of $1.27 billion on the same basis. GAAP reported sales were 4.1% lower than the prior-year quarter's $1.34 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.17. The 23 earnings estimates compiled by S&P Capital IQ forecast $1.27 per share. GAAP EPS of $1.10 for Q4 were 27% lower than the prior-year quarter's $1.51 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 37.8%, 3,730 basis points worse than the prior-year quarter. Operating margin was 20.0%, 90 basis points worse than the prior-year quarter. Net margin was 8.6%, 560 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.38 billion. On the bottom line, the average EPS estimate is $1.53.
Next year's average estimate for revenue is $5.39 billion. The average EPS estimate is $6.23.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 897 members out of 1,226 rating the stock outperform, and 329 members rating it underperform. Among 296 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 234 give Wynn Resorts a green thumbs-up, and 62 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 $132.50.
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