- Wynn Resorts‘ adjusted earnings per share (EPS) for the first quarter was $1.59, beating the estimated $1.33.
- The operating revenue for the period was $1.86 billion, surpassing the estimated $1.8 billion.
- Las Vegas reported operating revenue of $636.5 million, higher than the estimated $620.6 million.
- Adjusted Property EBITDAR was $646.5 million, higher than the estimated $603.4 million.
- The Palace reported adjusted property EBITDAR of $202.4 million, exceeding the estimate of $182.1 million.
- Macau reported adjusted property EBITDAR of $137.2 million, surpassing the estimated $123 million.
- Las Vegas’ adjusted property EBITDAR was $246.3 million, outperforming the estimated $238.1 million.
- Encore Boston Harbor reported adjusted property EBITDAR of $63.1 million, beating the estimated $59.9 million.
- Palace Hotel reported an occupancy rate of 98.8%, surpassing the estimated rate of 96.6%.
- Macau Hotel reported an impressive occupancy rate of 99.4%, beating the estimated 98.3%.
- However, the Las Vegas Local Hotel reported a slightly lower occupancy rate of 88%, compared to the estimated 90.3%.
- Among investment declarations, there were 12 buys, 7 holds, and 0 sells for Wynn Resorts.
Wynn Resorts on Smartkarma
Analysts on Smartkarma, including Baptista Research, have published insightful reports on Wynn Resorts, specifically focusing on the company’s operations in Macau. Baptista Research, in their report titled “Wynn Reports: Well-positioned Macau Operations,” highlighted the firm’s strong financial performance, with the fourth quarter of 2023 marking a record-breaking $630.4 million in property EBITDAR. Annual earnings also saw a significant boost, totaling nearly $2.2 billion. This positive trend reflects the firm’s growing momentum throughout the year.
In another report by Baptista Research, titled “Wynn Resorts: A Tale Of Macau Recovery & Market Share Growth! – Major Drivers,” the analysts praised Wynn Resorts for delivering solid results and surpassing expectations in the last quarter. The report emphasized not only the success in gaming operations but also showcased impressive growth in non-gaming sectors such as retail and hotel revenue. These reports provide investors with valuable insights into Wynn Resorts‘ performance and position in the market.
A look at Wynn Resorts Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
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, Limited, the luxury hotels and casino resorts operator, holds a positive outlook for the long term, according to the Smartkarma Smart Scores. The company scored high in Growth and Resilience, indicating a strong potential for expansion and the ability to withstand economic fluctuations. Additionally, Wynn Resorts showed robust Momentum, suggesting a positive market sentiment towards its future performance.
Although Wynn Resorts received a low score in Value, its strong ratings in Dividend, Growth, Resilience, and Momentum signal a promising future. With a portfolio of upscale properties in key locations like Las Vegas and Macau, Wynn Resorts is well-positioned to capitalize on the growing demand for luxury entertainment offerings. Investors may find Wynn Resorts an attractive choice for long-term growth potential and resilience in the competitive casino and hospitality industry.
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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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