Wynn Resorts Ltd reports results for the quarter ended June 30 - Earnings Summary

• Wynn Resorts Ltd WYNN.OQ reported quarterly adjusted earnings of $1.09​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.12. The mean expectation of eleven analysts for the quarter was for earnings of $1.21 per share. Wall Street expected results to range from 85 cents to $1.58 per share.

• Revenue rose 0.3% to $1.74 billion from a year ago; analysts expected $1.75 billion.

• Wynn Resorts Ltd's reported EPS for the quarter was 64 cents​.

• The company reported quarterly net income of $66.22 million.

• Wynn Resorts Ltd shares had risen by 14.5% this quarter and gained 24.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.4% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the casinos & gaming peer group is also "buy"

• Wall Street's median 12-month price target for Wynn Resorts Ltd is $123.00, about 12.8% above its last closing price of $107.23

This summary was machine generated from LSEG data August 8 at 05:02 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)