Having missed analysts' estimates last quarter, Wynn Resorts (NASDAQ:WYNN) gets a chance to make up for it as it delivers its latest earnings on Tuesday, July 17, 2012.
Analysts currently expect Wynn Resorts to come in with earnings of $1.49 per share on revenues of $1.36 billion. Estimates range from $1.32 per share to $1.78 per share. Over the past two months, the average estimate has moved down from $1.65.
Last Quarter's Results
In the first quarter, profit fell 19.1% to $140.6 million ($1.23 a share) from $173.8 million ($1.39 a share) the year earlier, missing analyst expectations. Revenue rose 4.2% to $1.31 billion from $1.26 billion.
Analysts are bullish on the stock as 11 analysts rate it as a buy and there are no sell ratings. Wynn Resorts' average analyst rating hasn't changed over the past three months.
The stock fell $5.96 per share between May 7, 2012 and May 8, 2012. Looking at change over the last three months, April 18, 2012 and July 13, 2012, the stock price fell $34.06 (-26.1%), from $130.28 to $96.22.
Company Fundamental Trends
Reporting Period: 2Q
Date of Release: Tuesday, July 17, 2012
Revenue Estimate: $1.36 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)