Wynn Resorts (NASDAQ:WYNN) Issues Earnings Results, Beats Estimates By $0.07 EPS

Wynn Resorts (NASDAQ:WYNN) issued its quarterly earnings data on Thursday. The casino operator reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07, Zacks reports. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.82 billion. Wynn Resorts had a negative return on equity of 39.05% and a net margin of 4.59%.The firm’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 EPS.

Here are the key takeaways from Wynn Resorts’ conference call:

• Wynn reported strong Q1 operating results led by Las Vegas — adjusted property EBITDA rose (Las Vegas adj. EBITDA ~$232.5M), casino revenues +9%, and RevPAR roughly +10%, with positive momentum carrying into Q2.
• The company announced a major expansion in Macau — the Enclave at Wynn Palace, a $900M–$950M, 432-suite tower that will increase room count ~25% and suites ~50%, which management expects to be high-returning and drive incremental gaming and F&B traffic.
• Wynn Al Marjan construction continues with >22,000 workers but faces logistical/shipping challenges from regional conflict, prompting an expected modest opening delay and additional pre-opening costs after >$1.01B equity contributed to date.
• Balance sheet and capital returns remain strong — $4.4B total liquidity, LTM adjusted EBITDA near $2.3B, net leverage ~4.4x, an increased Macau dividend proposal and a $0.25/share U.S. dividend plus ongoing share repurchases.

Wynn Resorts Stock Performance

Shares of NASDAQ:WYNN traded down $0.72 on Thursday, hitting $106.85. The company’s stock had a trading volume of 1,273,023 shares, compared to its average volume of 1,271,625. Wynn Resorts has a 12 month low of $82.63 and a 12 month high of $134.72. The company has a market capitalization of $11.12 billion, a price-to-earnings ratio of 35.62, a price-to-earnings-growth ratio of 5.97 and a beta of 1.01. The stock’s 50-day moving average is $103.76 and its two-hundred day moving average is $114.38.

Institutional Trading of Wynn Resorts

Several institutional investors have recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings in shares of Wynn Resorts by 21.6% in the third quarter. Parallel Advisors LLC now owns 563 shares of the casino operator’s stock valued at $72,000 after buying an additional 100 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Wynn Resorts by 4.8% in the fourth quarter. Mackenzie Financial Corp now owns 3,007 shares of the casino operator’s stock valued at $361,000 after buying an additional 137 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Wynn Resorts by 69.0% in the first 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. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Wynn Resorts by 0.8% in the third quarter. CANADA LIFE ASSURANCE Co now owns 20,598 shares of the casino operator’s stock valued at $2,728,000 after buying an additional 161 shares during the period. Finally, Commerce Bank lifted its holdings in shares of Wynn Resorts by 1.9% in the fourth quarter. Commerce Bank now owns 10,038 shares of the casino operator’s stock valued at $1,208,000 after buying an additional 186 shares during the period. Institutional investors and hedge funds own 88.64% of the company’s stock.

Key Stories Impacting Wynn Resorts

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

• Positive Sentiment: Q1 results beat expectations — Operating revenue rose 9.2% YoY to $1.86B and non?GAAP EPS of $1.25 topped consensus, showing revenue growth and margin improvement. Wynn Resorts’s (NASDAQ:WYNN) Q1 CY2026 Sales Top Estimates
• Positive Sentiment: Stronger cash flow and profitability — Company reported a large jump in operating cash flow and net income versus a year ago, and management increased capex to support growth, which supports longer?term earnings power. Wynn Resorts (WYNN) Stock Falls on Q1 2026 Earnings
• Neutral Sentiment: ESG report published — Wynn released its 2025 ESG report highlighting workforce, environmental and philanthropic initiatives; positive for brand and stakeholder relations but unlikely to move near?term earnings. Wynn Resorts Publishes 2025 ESG Report
• Neutral Sentiment: Analyst coverage remains constructive — Multiple buy/overweight ratings and median price targets above the current share price suggest continued analyst confidence, supporting upside if fundamentals keep improving. WYNN analyst ratings & targets (Quiver)
• Negative Sentiment: Operational/reputational risk — Investigations into Legionnaires’ disease at the Las Vegas property and related remediation work raise near?term operating and reputational concerns that can dent visitation and revenues. Legionnaires’ disease investigation coverage
• Negative Sentiment: Geopolitical risk to expansion — Reports that the Gulf conflict may delay the opening of Wynn’s UAE resort threaten the company’s growth pipeline and push out expected incremental revenue. Will Gulf War delay opening of Wynn UAE resort?
• Negative Sentiment: Mixed GAAP metrics and balance?sheet items — Some outlets flagged lower GAAP diluted EPS and a sizable decline in cash balances versus year?ago, plus elevated liabilities; that mixed financial picture helps explain the stock’s soft reaction despite headline beats. Quiver summary of Q1 results and metrics

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WYNN. Stifel Nicolaus lowered their price objective on Wynn Resorts from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Barclays increased their price target on Wynn Resorts from $141.00 to $143.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Wells Fargo & Company decreased their price target on Wynn Resorts from $147.00 to $144.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Jefferies Financial Group decreased their price target on Wynn Resorts from $161.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Finally, Texas Capital raised Wynn Resorts to a “strong-buy” rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Wynn Resorts currently has an average rating of “Moderate Buy” and a consensus price target of $140.64.

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.