Zacks Research Has Positive View of Wynn Resorts Q3 Earnings

Key Points

• Zacks Research raised Wynn Resorts’ Q3 2026 EPS estimate to $0.84 from $0.77, while also increasing several longer-term forecasts. However, Zacks maintained its “Hold” rating.
• Wynn’s latest quarterly results exceeded expectations, with EPS of $1.24 versus the $0.99 consensus and revenue of $1.86 billion, up 6.9% year over year.
• The company announced a quarterly dividend of $0.25 per share, equivalent to $1.00 annually and a 1.0% yield; shares opened at $98.74, near the lower end of their 52-week range.

Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) - Research analysts at Zacks Research upped their Q3 2026 earnings per share estimates for Wynn Resorts in a research note issued on Tuesday, August 25th. Zacks Research analyst Team now anticipates that the casino operator will earn $0.84 per share for the quarter, up from their prior estimate of $0.77. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Wynn Resorts' current full-year earnings is $4.63 per share. Zacks Research also issued estimates for Wynn Resorts' Q4 2026 earnings at $1.05 EPS, FY2026 earnings at $4.38 EPS, Q1 2027 earnings at $1.32 EPS, Q2 2027 earnings at $1.17 EPS, FY2027 earnings at $5.03 EPS and Q1 2028 earnings at $1.42 EPS.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last issued its earnings results on Tuesday, August 4th. The casino operator reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.25. Wynn Resorts had a net margin of 6.05% and a negative return on equity of 46.52%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the firm posted $1.09 earnings per share. The business's revenue was up 6.9% on a year-over-year basis.

WYNN has been the topic of a number of other reports. JPMorgan Chase & Co. lowered their price target on Wynn Resorts from $135.00 to $134.00 and set an "overweight" rating on the stock in a report on Wednesday, July 15th. Weiss Ratings reissued a "hold (c)" rating on shares of Wynn Resorts in a research report on Wednesday, June 24th. Morgan Stanley reaffirmed an "overweight" rating and set a $128.00 price target on shares of Wynn Resorts in a report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $137.00 price objective on shares of Wynn Resorts in a research note on Friday, May 8th. Finally, Bank of America lowered their price objective on Wynn Resorts from $150.00 to $140.00 and set a "buy" rating on the stock in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $134.19.

Wynn Resorts Stock Down 0.7%

Shares of WYNN opened at $98.74 on Wednesday. Wynn Resorts has a twelve month low of $92.52 and a twelve month high of $134.72. The company has a market capitalization of $10.17 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 0.88 and a beta of 1.01. The firm has a 50 day moving average of $99.55 and a 200 day moving average of $102.77.

Wynn Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.0%. Wynn Resorts's dividend payout ratio is currently 24.81%.

Institutional Trading of Wynn Resorts

Hedge funds have recently bought and sold shares of the stock. MUFG Securities EMEA plc purchased a new stake in shares of Wynn Resorts during the 2nd quarter worth approximately $25,000. Hantz Financial Services Inc. grew its stake in shares of Wynn Resorts by 54.9% in the 4th quarter. Hantz Financial Services Inc. now owns 251 shares of the casino operator's stock worth $30,000 after buying an additional 89 shares in the last quarter. SHP Wealth Management bought a new stake in shares of Wynn Resorts in the 4th quarter worth about $32,000. Geneos Wealth Management Inc. lifted its holdings in shares of Wynn Resorts by 69.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 382 shares of the casino operator's stock valued at $32,000 after acquiring an additional 156 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Wynn Resorts in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 88.64% of the company's stock.

Wynn Resorts News Summary

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

• Positive Sentiment: Zacks Research raised several EPS forecasts: Q3 2026 increased to $0.84 from $0.77, FY2026 to $4.38 from $4.18, Q1 2027 to $1.32 from $1.30, Q2 2027 to $1.17 from $1.08, FY2027 to $5.03 from $4.92, and Q1 2028 to $1.42 from $1.41. The upgrades imply better expected operating performance across Wynn’s casino and hospitality businesses.
• Positive Sentiment: Wynn Al Marjan Island introduced ultra-luxury townhomes, including residences totaling up to 1,110 square meters. The launch expands the resort’s high-end accommodation offering and could support future demand and revenue, although no financial contribution was disclosed. Wynn Al Marjan Island introduces townhome accommodations
• Neutral Sentiment: Zacks maintained its “Hold” rating. Despite the higher forward estimates, the firm did not issue a bullish rating change. Its FY2026 EPS forecast of $4.38 also remains below the broader current-year consensus of $4.63.
• Neutral Sentiment: Reported short-interest data showed zero shares short and a zero-day days-to-cover ratio, but the reported increase was listed as “NaN,” indicating a likely data-quality or reporting issue rather than a meaningful change in investor positioning.
• Negative Sentiment: Zacks lowered its Q4 2026 EPS estimate to $1.05 from $1.09, partially offsetting the upgrades to other quarters and signaling some near-term earnings pressure.

About Wynn Resorts

Wynn Resorts, Limited NASDAQ: WYNN is a global developer and operator of luxury resorts and casinos, renowned for its premium hospitality offerings and integrated entertainment experiences. The company specializes in high-end hotel accommodations, gaming operations, fine dining restaurants, retail outlets, meeting and convention spaces, and live entertainment venues. Its properties are designed to cater to both leisure and business travelers seeking upscale environments and world-class service.

Founded in 2002 by hospitality entrepreneur Steve Wynn, the company opened its flagship property, Wynn Las Vegas, on the Las Vegas Strip in 2005, followed by Encore Las Vegas in 2008.

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