Wynn Resorts Fourth Quarter Earnings Sneak Peek
S&P 500 (NYSE:SPY) component Wynn Resorts (NASDAQ:WYNN) will unveil its latest earnings on Thursday, January 31, 2013. Wynn Resorts is a developer, owner and operator of destination casino resorts. It owns and operates three: Wynn Las Vegas, Encore at Wynn Las Vegas, and Wynn Macau.
Wynn Resorts Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.26 per share, a decline of 18.7% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.28. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. For the year, analysts are projecting net income of $5.44 per share, a rise of 9.9% from last year.
Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the third quarter, the company reported profit of $1.48 per share versus a mean estimate of net income of $1.33 per share. In the second quarter, the company missed estimates by 11 cents.
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A Look Back: In the third quarter, profit fell 11.8% to $112 million ($1.11 a share) from $127.1 million ($1.01 a share) the year earlier, but exceeded analyst expectations. Revenue rose more than twofold to $2.69 billion from $1.3 billion.