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Earnings Predictions Set for Netflix and Wynn Resorts Earnings

Earnings Predictions Set for Netflix and Wynn Resorts Earnings: Investors should keep an eye on the Earnings ESP for Netflix and Wynn Resorts, as positive surprises could boost stock prices in the upcoming earning releases.

Date: 
AI Rating:   7

Earnings Per Share (EPS)
Netflix (NFLX) has a Most Accurate Estimate of $4.26 per share, compared to the Zacks Consensus Estimate of $4.21, resulting in a positive Earnings ESP of +1.22%. On the other hand, Wynn Resorts (WYNN) has a Most Accurate Estimate of $1.31 per share against a Zacks Consensus Estimate of $1.29, translating to a positive Earnings ESP of +1.97%.

Potential Stock Price Impact
The positive Earnings ESP for both companies indicates a strong possibility of positive earnings surprises, which could lead to a favorable reaction in their stock prices. As noted in the analysis, firms with positive ESPs and a suitable Zacks Rank (#3 or better) have historically seen higher chances (70%) of reporting a positive earnings surprise—this trend gives investors a reason to remain optimistic about NFLX and WYNN before their upcoming earnings reports.

Given that both NFLX and WYNN are positioned favorably, investors might view these stocks as potential short-term opportunities, particularly if they meet or exceed the expectations set by analysts. Positive earnings surprises often result in upward price movements, making the respective earnings reports critical events for market watchers.

Furthermore, NFLX's status in a large group of Consumer Discretionary stocks with positive ESPs suggests that a wider trend in the sector could also influence stock price movements beyond just these two companies.