Zacks Research Has Weak Outlook for Wynn Resorts Q2 Earnings

Key Points

• Zacks Research cut its Q2 2026 EPS estimate for Wynn Resorts to $1.07 from $1.22, signaling a weaker near-term outlook for the casino operator.
• Despite the lower forecast, Wynn’s most recent quarterly results beat expectations, with EPS of $1.25 versus $1.18 expected and revenue of $1.86 billion versus $1.82 billion projected.
• Analyst sentiment remains fairly positive overall, with Wynn carrying a Moderate Buy rating and an average price target of $140, even after some recent target-price cuts.

Wynn Resorts, Limited (NASDAQ:WYNN - Free Report) - Equities research analysts at Zacks Research reduced their Q2 2026 earnings per share estimates for shares of Wynn Resorts in a research report issued on Thursday, May 28th. Zacks Research analyst Team now anticipates that the casino operator will earn $1.07 per share for the quarter, down from their previous estimate of $1.22. The consensus estimate for Wynn Resorts' current full-year earnings is $4.72 per share. Zacks Research also issued estimates for Wynn Resorts' Q4 2026 earnings at $1.09 EPS, FY2026 earnings at $4.18 EPS, Q1 2027 earnings at $1.30 EPS and Q1 2028 earnings at $1.41 EPS.

Wynn Resorts (NASDAQ:WYNN - Get Free Report) last posted its earnings results on Thursday, May 7th. The casino operator reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. The firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.82 billion. Wynn Resorts had a negative return on equity of 42.03% and a net margin of 5.14%.The firm's revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.07 earnings per share.

A number of other analysts have also recently issued reports on WYNN. Stifel Nicolaus decreased their target price on Wynn Resorts from $160.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, February 13th. Wells Fargo & Company set a $142.00 price objective on Wynn Resorts and gave the company an "overweight" rating in a research note on Sunday, May 10th. Susquehanna reduced their price objective on Wynn Resorts from $133.00 to $127.00 and set a "positive" rating for the company in a research note on Thursday, April 16th. 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, Citigroup reduced their price objective on Wynn Resorts from $145.00 to $132.00 and set a "buy" rating for the company in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Wynn Resorts has an average rating of "Moderate Buy" and an average price target of $140.00.

Wynn Resorts Price Performance

NASDAQ WYNN opened at $101.54 on Friday. The firm's fifty day moving average price is $102.13 and its 200 day moving average price is $111.76. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 0.92 and a beta of 1.01. Wynn Resorts has a 12 month low of $82.63 and a 12 month high of $134.72.

Institutional Trading of Wynn Resorts

Several hedge funds have recently made changes to their positions in WYNN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Wynn Resorts by 10.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,961 shares of the casino operator's stock worth $665,000 after acquiring an additional 754 shares during the period. Woodline Partners LP lifted its holdings in shares of Wynn Resorts by 36.2% in the 1st quarter. Woodline Partners LP now owns 7,568 shares of the casino operator's stock valued at $632,000 after buying an additional 2,012 shares during the period. 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 buying an additional 156 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Wynn Resorts by 13.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,659 shares of the casino operator's stock valued at $155,000 after buying an additional 201 shares during the period. Finally, Guggenheim Capital LLC lifted its holdings in shares of Wynn Resorts by 9.5% in the 2nd quarter. Guggenheim Capital LLC now owns 10,008 shares of the casino operator's stock valued at $937,000 after buying an additional 868 shares during the period. Institutional investors and hedge funds own 88.64% of the company's stock.

Wynn Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 18th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, May 18th. Wynn Resorts's dividend payout ratio (DPR) is presently 29.85%.

Wynn Resorts Company Profile

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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