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Tickers in this Article: WYNN
In the lead up to Wynn Resorts' (Nasdaq:WYNN) announcement of its second quarter earnings on Tuesday, July 17, 2012 analysts' expectations have fallen over the past month to earnings of $1.49 per share from earnings of $1.59 per share.

Earnings season is important to investors because it shows how much profit is left in the company's hand after deducting costs from revenue. SEE: Can Earnings Guidance Accurately Predict The Future?

What to Expect: Wynn is expected to report $1.49 per share, up 53.6% from a year ago when the company reported earnings of 97 cents per share.

Three months ago, the consensus estimate was $1.60. Analysts are expecting earnings of $5.82 per share for the fiscal year.

Wynn is expected to report revenue of $1.36 billion for the quarter, down by 0.5% from last year's figure of $1.37 billion. Revenue for the fiscal year is expected to come in at $5.4 billion.

Company Performance: Revenue for Wynn has been on the rise for four consecutive quarters. It rose 4.2% in the first quarter, 8.6% in the fourth quarter of the last fiscal year, 29.1% in the third quarter of the last fiscal year and 32.4% in the second quarter of the last fiscal year.

Perhaps one of the most widely-used stock analysis tools is the price-to-earnings ratio, or P/E. From the investor's perspective, a stock with a lower ratio is relatively cheaper than a stock with a higher ratio. SEE: Can Investors Trust the P/E Ratio?

The stock price has fallen 22.9% to $96.22 from $124.77 since April 17, 2012. The stock price is currently at its 52-week low. May 7, 2012 to May 8, 2012 marked one of Wynn's worst periods, as the share price fell $5.96.

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