5 stories mentioning WYNNUpdated 36d ago
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Wynn Resorts (WYNN) has an average rating of buy and mean price target of $137.94, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $95.40, Change: $-0.11, Percent Change: -0.12%
Wynn Resorts (WYNN) has an average rating of Buy and mean price target of $140.72, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $100.02, Change: $-6.83, Percent Change: -6.39%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Wynn Resorts delivered strong Q1 2026 results with operating revenues increasing 9.2% Y/Y to $1.86B, $31M above estimates, and diluted EPS surging 50.7% to $1.04 vs. $0.69 in the prior year, though $0.14 below consensus. The quarter represents a turnaround from mixed Q4 2025 performance, driven by exceptional results at Wynn Palace and steady Las Vegas growth. We were impressed with Las Vegas outperformance compared to peers and view the report positively despite Macau disappointment. Wynn Palace was the standout with revenues surging 23% to $659.3M and adjusted property EBITDAR increasing 25.9% to $203.8M, benefiting from improved gaming dynamics and VIP recovery. Las Vegas demonstrated resilience with revenues up 5.9% to $661.9M and EBITDAR up 4.1% to $232.5M, achieving strong pricing power with ADR rising 12.3% to $592. Wynn Macau faced margin pressure with flat revenues of $329.9M and EBITDAR declining 16.2% to $75.6M due to unfavorable gaming win rates. Shares trade at 9x consensus EBITDA estimates.
Consumer stocks were rising Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) each adding about 0.5%.In sector news, Redbook US same-store sales rose by 7.8% from a year earlier in the week ended May 2 after a 7.7% year-over-year increase in the previous week. "Warmer weather and Mother's Day promotions are boosting sales of seasonal clothing and accessories as the day approaches," Redbook said.President Donald Trump expressed his displeasure with Food and Drug Administration Commissioner Marty Makary for taking too long to approve flavored vapes and nicotine products, The Wall Street Journal reported.In corporate news, Harley-Davidson (HOG) shares jumped past 6% after it reported Q1 results. The company reported Q1 earnings of $0.22 per diluted share, down from $1.07 a year earlier. Analysts polled by FactSet expected $0.22. Revenue for the quarter was $1.17 billion, down from $1.33 billion a year earlier, but ahead of the FactSet analyst consensus of $1.01 billion.Ambev (ABEV) shares surged 15% after it reported higher-than-expected Q1 normalized earnings and net revenue.Anheuser-Busch InBev (BUD) shares climbed past 9% after the company reported higher fiscal Q1 underlying earnings and revenue.Wynn Resorts (WYNN) is weighing postponing the opening of the $5.1 billion Wynn Al Marjan Island casino resort in the United Arab Emirates amid construction delays due to the Middle East conflict, Bloomberg reported. Wynn shares were up 2%.
Wynn Resorts (WYNN) is weighing postponing the opening of the $5.1 billion Wynn Al Marjan Island casino resort in the United Arab Emirates amid construction delays due to the Middle East conflict, Bloomberg reported Tuesday, citing people familiar with the matter.The resort, located in the emirate of Ras Al-Khaimah on Al Marjan Island, was expected to be inaugurated in the spring of 2027, according to the report.A Wynn Resorts spokesperson said in an emailed response tothat the company did not announce any changes to the opening date of the resort.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $105.49, Change: $+2.05, Percent Change: +1.98%
