Wynn Resorts Beats Analyst Estimates on EPS

Before you go, we thought you'd like these...
Before you go close icon

Wynn Resorts (NAS: WYNN) reported earnings on Feb. 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Wynn Resorts met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded and GAAP earnings per share improved significantly.

Gross margins dropped, operating margins grew, net margins increased.

Revenue details
Wynn Resorts reported revenue of $1.34 billion. The 15 analysts polled by S&P Capital IQ expected revenue of $1.36 billion. Sales were 8.6% higher than the prior-year quarter's $1.24 billion.

anImage

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
Non-GAAP EPS came in at $1.55. The 22 earnings estimates compiled by S&P Capital IQ forecast $1.29 per share on the same basis. GAAP EPS of $1.52 for Q4 were 67% higher than the prior-year quarter's $0.91 per share.

anImage

Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 36.7%, 11,410 basis points worse than the prior-year quarter. Operating margin was 20.4%, 100 basis points better than the prior-year quarter. Net margin was 14.2%, 500 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.37 billion. On the bottom line, the average EPS estimate is $1.39.

Next year's average estimate for revenue is $5.67 billion. The average EPS estimate is $5.93.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 882 members out of 1,238 rating the stock outperform, and 356 members rating it underperform. Among 321 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 236 give Wynn Resorts a green thumbs-up, and 85 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Wynn Resorts is outperform, with an average price target of $156.09.

Can your retirement portfolio provide you with enough income to last? You'll need more than Wynn Resorts. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.

At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners