Markets

Earnings Estimates Moving Higher for Wynn Resorts (WYNN): Time to Buy?

Wynn Resorts Ltd.WYNN is a developer and operator of high end hotels and casinos that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on WYNN's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Wynn Resorts could be a solid choice for investors.

Current Quarter Estimates for WYNN

In the past 30 days, 3 estimates have gone higher for Wynn Resorts, with no downward revisions in the same time period. The trend has been pretty favorable too, with estimates increasing from 71 cents a share 30 days ago, to 94 cents a share today, a move of 32.4%.

Current Year Estimates for WYNN

Meanwhile, Wynn Resorts' current year figures are also looking quite promising, with 5 estimates moving higher in the past month, with no downward revisions. The consensus estimate trend has also seen a boost for this time frame, increasing from $3.02 per share 30 days ago to $3.34 per share today, an increase of 10.6%.

Bottom Line

The stock has also started to move higher lately, adding 9.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

WYNN RESRTS LTD (WYNN): Free Stock Analysis Report

To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

WYNN

Other Topics

Earnings Investing Stocks

Latest Markets Videos

Zacks

Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

Learn More