Wynn Resorts, Limited’s Stock Price Soars to $89.60, Marking a Robust 6.53% Increase

Wynn Resorts, Limited (WYNN)

89.60 USD +5.49 (+6.53%) Volume: 2.78M

Wynn Resorts, Limited’s stock price is currently strong at 89.60 USD, marking a significant trading session increase of +6.53%. With an impressive trading volume of 2.78M and a positive year-to-date percentage change of +3.99%, WYNN’s stock performance continues to attract investors.

Latest developments on Wynn Resorts, Limited

Wynn Resorts (WYNN) is set to release its earnings on Wednesday amidst a backdrop of turbulent market dynamics. The company is also facing a trial in a $40M fraud case, which has led to Seaport Res Ptn cutting Q4 EPS estimates for Wynn Resorts. The same research firm expects reduced earnings for the company in the near future. Despite these challenges, an analyst predicts a positive outlook for 2025 for igaming and Macau-centric stocks, while expressing less optimism for Las Vegas casinos.

Wynn Resorts, Limited on Smartkarma

Analysts from Baptista Research on Smartkarma have published insightful research reports on Wynn Resorts, discussing the company’s performance and future prospects. In one report titled “How Wynn Resorts is Revolutionizing Global Gaming with Strategic Expansion Projects! – Major Drivers,” the analysts noted mixed performance across key markets in the third quarter of 2024. Despite facing challenges in Las Vegas, Wynn Resorts managed to increase normalized revenue by 1%, with the gaming segment experiencing a dip attributed to high-end consumer segment volatility.

In another report by Baptista Research, titled “Wynn Resorts: Enhanced Market Recovery in Macau & Expansion In New Markets! – Major Drivers,” analysts highlighted the company’s detailed overview of its second quarter 2024 earnings. Wynn Resorts reported record quarterly earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) of $572 million, marking its strongest second quarter performance in history. The report also discussed strategic developments in Wynn Las Vegas, Boston, Macau, and ongoing projects in the UAE, showcasing the company’s enhanced market recovery and expansion efforts.

A look at Wynn Resorts, Limited Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Wynn Resorts has a promising long-term outlook based on its Smartkarma Smart Scores. With a high Growth score of 5, the company is expected to see significant expansion and development in the future. This, coupled with a Resilience score of 5, indicates that Wynn Resorts is well-positioned to withstand challenges and maintain stability in the face of adversity. Additionally, the company’s above-average Dividend score of 3 suggests that it offers a reliable income stream for investors.

Despite not scoring well in the Value category, Wynn Resorts still shows strong potential for growth and resilience in the long term. Its Momentum score of 3 further supports this, indicating that the company is moving in a positive direction. Overall, Wynn Resorts, Limited, known for its luxury hotels and destination casino resorts, is poised for continued success and development in its key markets of Las Vegas, Macau, and China.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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