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Wynn Resorts Reports Q1 Earnings Decline and Missed Estimates

Wynn Resorts Ltd. reveals disappointing Q1 results, earning $72.75M or $0.69 per share, significantly below last year's $144.22M. Investors should assess the impact of a revenue drop of 8.7% and EPS missing analysts' expectations of $1.24.

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AI Rating:   4

Earnings Per Share (EPS)
Wynn Resorts reported an EPS of $0.69 for the first quarter, down from $1.30 the previous year. This drastic decline indicates serious profitability issues and contributes negatively to investor sentiment.

Revenue Growth
The company’s revenue fell by 8.7% to $1.700 billion compared to $1.862 billion in the same quarter last year. A declining revenue trend raises concerns regarding the company’s ability to sustain its operations and generate sales growth moving forward.

Wynn's adjusted earnings of $1.07 per share still fell short of the consensus estimate of $1.24 per share. This miss indicates that analysts expect stronger performance, and falling below these expectations can also accompany negative investor sentiment in the short run.

Overall, the outcomes present a challenging environment for Wynn Resorts, with both earnings and revenue showing declining trends. Investors considering positions in Wynn should approach with caution, given the unfavorable results and the wider implications for future quarters.