Wynn Resorts (NASDAQ:WYNN) Issues Earnings Results

Wynn Resorts (NASDAQ:WYNN) posted its earnings results on Thursday. The casino operator reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.19), Zacks reports. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.75 billion. Wynn Resorts had a negative return on equity of 46.52% and a net margin of 6.05%.

Here are the key takeaways from Wynn Resorts’ conference call:

• Wynn Las Vegas reported $158.8 million in adjusted property EBITDA, with unfavorable gaming hold reducing results by nearly $24 million and summer softness weighing on the quarter. RevPAR and ADR were each up 3%, while retail lease revenue rose 8%, suggesting demand remained resilient.
• Management said October was strong in Las Vegas and the fourth quarter is benefiting from F1, conventions, and the NFL season; F1 is pacing ahead of last year in rate and occupancy. Group and convention bookings for 2027 are also ahead of the pace for 2025 and 2026 at this point.
• Macau generated $255.3 million in adjusted property EBITDA, including a roughly $12.3 million benefit from above-theoretical VIP hold, but September was soft and volumes declined late in October. Wynn has started construction on the Enclave, theater, and event center, with openings planned for 2028 and early 2029.
• Wynn Al Marjan Island remains on schedule to open in September 2027, but the project budget was raised by $600 million and Wynn estimates its remaining equity requirement, including Janu, at $465 million to $590 million. Management said costs are substantially locked in while noting continued uncertainty from the regional conflict.
• The company reported $4 billion in global cash and revolver availability and continued shareholder returns, including $58.1 million in quarterly share repurchases and a $0.25-per-share dividend. Wynn Macau also approved a $150 million 2026 interim dividend, up from $125 million the prior year.

Wynn Resorts Stock Performance

Shares of Wynn Resorts stock traded down $3.06 during trading hours on Thursday, hitting $79.32. The company’s stock had a trading volume of 3,752,787 shares, compared to its average volume of 1,726,056. The business has a 50 day moving average price of $81.24 and a two-hundred day moving average price of $98.00. Wynn Resorts has a 12-month low of $70.79 and a 12-month high of $134.72. The company has a market cap of $8.17 billion, a PE ratio of 19.68, a PEG ratio of 0.95 and a beta of 0.96.

Analyst Ratings Changes

Several research firms recently weighed in on WYNN. Weiss Ratings reiterated a “hold (c)” rating on shares of Wynn Resorts in a research report on Monday, September 21st. Truist Financial decreased their price objective on Wynn Resorts from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, October 20th. The Goldman Sachs Group set a $102.00 price objective on Wynn Resorts in a research report on Tuesday, October 13th. Stifel Nicolaus cut their price objective on Wynn Resorts from $143.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, October 20th. Finally, Mizuho reduced their target price on shares of Wynn Resorts from $133.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Wynn Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $124.88.

Wynn Resorts News Roundup

Here are the key news stories impacting Wynn Resorts this week:

• Positive Sentiment: Wynn declared a quarterly cash dividend, providing a shareholder return amid the weaker results. Wynn Resorts Declares Quarterly Cash Dividend
• Neutral Sentiment: Wynn’s CEO said government incentives to develop more hotel rooms in Macau could help expand non-gaming activity. That offers potential growth, but depends on policy support and future execution. Wynn CEO on Macau hotel development incentives
• Negative Sentiment: Third-quarter revenue was $1.69 billion, down $144.7 million from a year earlier and below the roughly $1.75 billion analyst estimate. Wynn Resorts reports third-quarter 2026 results
• Negative Sentiment: Adjusted earnings were $0.33 per share, missing consensus estimates (reported at $0.52–$0.58 per share) and falling from $0.86 a year ago. The earnings and sales shortfalls likely weighed on investor sentiment. Wynn Q3 earnings and revenue lag estimates

Wynn Resorts Company Profile

Wynn Resorts, Ltd. is a developer and operator of luxury integrated resorts, with a focus on destination casinos, hotels, restaurants, entertainment venues, retail, and convention facilities. Its properties are designed to combine gaming with premium hospitality and leisure experiences.

The company operates Wynn Las Vegas and Encore Las Vegas in Nevada, Encore Boston Harbor in Massachusetts, and Wynn Macau and Wynn Palace in Macau. These resorts serve visitors in the United States and international markets, offering accommodations, casino gaming, dining, nightlife, retail, spas, entertainment, and meeting and convention services.

Wynn Resorts was founded in 2002 by casino executive Steve Wynn.