-- 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.