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Tickers in this Article: WYNN
Wynn Resorts (Nasdaq:WYNN) announced its results for the most recent quarter on July 17, 2012. Wynn Resorts is a developer, owner and operator of destination casino resorts. It owns and operates three: Wynn Las Vegas, Encore at Wynn Las Vegas, and Wynn Macau.

Earnings are perhaps the single most studied number in a company's financial statements because they show a company's profitability. SEE: 12 Things You Need To Know About Financial Statements

The Numbers: Wynn missed estimates with adjusted net income of $1.38 per share and revenues of $1.25 billion. Analysts were expecting adjusted net income of $1.49 per share and revenues of $1.36 billion. Revenue fell 8.3% from the same period last year. Slumping revenue in the last quarter ends Wynn's streak of four consecutive quarters of revenue increases. Wynn's net income for the second quarter was $138.1 million, a 13.1% increase from last year.

Looking Ahead: Analysts appear increasingly negative about the company's results for the next quarter. The average estimate for the third quarter has moved down from $1.53 a share to $1.48 over the last 60 days. Increasing earnings estimate is a positive sign about the company and it typically leads a increase in the stock price. A decreasing earning estimate is a negative sign and usually leads to a drop in the stock price. For the fiscal year, the average estimate has moved down from $6.07 a share to $5.82 over the last 60 days.

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