One company that should be on your radar is Wynn Resorts Ltd. ( WYNN ). The stock of this gaming company has seen its Zacks Rank surge over the past four weeks, moving from Hold to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For WYNN's full year estimate, we have seen 4 estimates go higher in the past 30 days, compared to just no downward revision. This trend has helped the consensus estimate to trend higher, going from $6.92 a share a month ago to its current level at $6.98.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, WYNN has seen some pretty solid trading lately, as the company has moved higher by 11.3% in the past month.
If Wynn Resorts can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put WYNN on your watch list for the future.
Other top-ranked stocks worth considering in this space include Bally Technologies, Inc. ( BYI ), Las Vegas Sands Corp. ( LVS ), and MGM Resorts International ( MGM ).While Bally Technologies carries a Zacks Rank #1 (Strong Buy), Las Vegas Sands and MGM Resorts carry a Zacks Rank #2 (Buy)
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.