Wynn Resorts Q4 revenue beats estimates

Overview

• Casino operator's Q4 operating revenue rose, beating analyst expectations

• Adjusted EPS for Q4 missed analyst expectations

• Company progresses on Wynn Al Marjan Island project, set to open in Q1 2027

Outlook

• Wynn Al Marjan Island expected to open in first quarter of 2027

Result Drivers

• MACAU PERFORMANCE - Substantial increases in VIP turnover and mass table drop were reported in Macau, contributing to revenue growth

• LAS VEGAS VOLUMES - Strong casino volumes in Las Vegas were highlighted

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the casinos & gaming peer group is "buy"

• Wall Street's median 12-month price target for Wynn Resorts Ltd is $148.00, about 28.1% above its February 11 closing price of $115.51

• The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nPn7Cb2mJa

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