Wynn Resorts (NASDAQ:WYNN) Posts Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Wynn Resorts (NASDAQ:WYNN) issued its quarterly earnings results on Thursday. The casino operator reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.19), Zacks reports. Wynn Resorts had a net margin of 6.05% and a negative return on equity of 46.52%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period in the previous year, the company posted $0.86 EPS. The company’s quarterly revenue was down 7.9% on a year-over-year basis.

Here are the key takeaways from Wynn Resorts’ conference call:

• Wynn Las Vegas reported $158.8 million in adjusted property EBITDA, with unfavorable gaming hold reducing results by nearly $24 million and summer softness weighing on the quarter. RevPAR and ADR were each up 3%, while retail lease revenue rose 8%, suggesting demand remained resilient.
• Management said October was strong in Las Vegas and the fourth quarter is benefiting from F1, conventions, and the NFL season; F1 is pacing ahead of last year in rate and occupancy. Group and convention bookings for 2027 are also ahead of the pace for 2025 and 2026 at this point.
• Macau generated $255.3 million in adjusted property EBITDA, including a roughly $12.3 million benefit from above-theoretical VIP hold, but September was soft and volumes declined late in October. Wynn has started construction on the Enclave, theater, and event center, with openings planned for 2028 and early 2029.
• Wynn Al Marjan Island remains on schedule to open in September 2027, but the project budget was raised by $600 million and Wynn estimates its remaining equity requirement, including Janu, at $465 million to $590 million. Management said costs are substantially locked in while noting continued uncertainty from the regional conflict.
• The company reported $4 billion in global cash and revolver availability and continued shareholder returns, including $58.1 million in quarterly share repurchases and a $0.25-per-share dividend. Wynn Macau also approved a $150 million 2026 interim dividend, up from $125 million the prior year.

Wynn Resorts Trading Down 3.7%

WYNN stock opened at $79.32 on Friday. The firm has a market cap of $8.17 billion, a PE ratio of 19.68, a price-to-earnings-growth ratio of 1.00 and a beta of 0.96. The stock has a 50-day moving average price of $80.89 and a 200-day moving average price of $97.82. Wynn Resorts has a 1-year low of $70.79 and a 1-year high of $134.72.

Wynn Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. Wynn Resorts’s dividend payout ratio (DPR) is 24.81%.

Wynn Resorts News Roundup

Here are the key news stories impacting Wynn Resorts this week:

• Positive Sentiment: Wynn declared a quarterly dividend of $0.25 per share, or $1.00 annualized (about a 1.3% yield), providing a modest shareholder return. Wynn Resorts Declares Quarterly Cash Dividend
• Neutral Sentiment: The company said its Al Marjan resort in the UAE remains on track for a September 2027 opening, though it expects to contribute another $465 million to $590 million in equity. The schedule is supportive, while the additional funding requirement may temper the benefit. Wynn outlines remaining Al Marjan equity
• Neutral Sentiment: Wynn’s CEO sees potential for government incentives to encourage more hotel-room development in Macau and support non-gaming growth, but this is a prospective opportunity rather than an immediate earnings catalyst. CEO discusses Macau non-gaming growth
• Negative Sentiment: Third-quarter revenue fell 7.9% year over year to $1.69 billion, below the $1.75 billion consensus. EPS of $0.33 also missed the $0.52 estimate and declined from $0.86 a year earlier, increasing concern about weakening performance and profitability. Wynn Resorts reports third-quarter 2026 results
• Negative Sentiment: Wynn Macau’s third-quarter operating revenue dropped 8.2% to $919 million, with VIP-market headwinds weighing on results and reinforcing the broader earnings concerns. Wynn Macau revenue falls amid VIP headwinds

Wall Street Analyst Weigh In

Several brokerages recently commented on WYNN. Truist Financial reduced their target price on Wynn Resorts from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, October 20th. Wolfe Research started coverage on shares of Wynn Resorts in a report on Wednesday, September 2nd. They set an “outperform” rating and a $128.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Wynn Resorts in a research report on Monday, September 21st. Morgan Stanley dropped their price target on shares of Wynn Resorts from $128.00 to $120.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Finally, Citigroup reduced their price objective on shares of Wynn Resorts from $135.00 to $103.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $124.35.

Wynn Resorts Company Profile

Wynn Resorts, Ltd. is a developer and operator of luxury integrated resorts, with a focus on destination casinos, hotels, restaurants, entertainment venues, retail, and convention facilities. Its properties are designed to combine gaming with premium hospitality and leisure experiences.

The company operates Wynn Las Vegas and Encore Las Vegas in Nevada, Encore Boston Harbor in Massachusetts, and Wynn Macau and Wynn Palace in Macau. These resorts serve visitors in the United States and international markets, offering accommodations, casino gaming, dining, nightlife, retail, spas, entertainment, and meeting and convention services.

Wynn Resorts was founded in 2002 by casino executive Steve Wynn.