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

Wynn Resorts (NASDAQ:WYNN) released its earnings results on Thursday. The casino operator reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.07, Zacks reports. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.82 billion. Wynn Resorts had a negative return on equity of 39.05% and a net margin of 4.59%.The company’s revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $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 Price Performance

Shares of WYNN traded down $0.72 during trading hours on Thursday, hitting $106.85. The stock had a trading volume of 1,273,023 shares, compared to its average volume of 1,271,625. The company’s fifty day moving average is $103.76 and its two-hundred day moving average is $114.38. Wynn Resorts has a 52 week low of $82.63 and a 52 week high of $134.72. The stock has a market capitalization of $11.12 billion, a price-to-earnings ratio of 35.62, a P/E/G ratio of 5.97 and a beta of 1.01.

Hedge Funds Weigh In On Wynn Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. MUFG Securities EMEA plc acquired a new position in Wynn Resorts during the 2nd quarter worth about $25,000. Geneos Wealth Management Inc. increased its position in 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 in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Wynn Resorts in the fourth quarter worth about $46,000. Larson Financial Group LLC lifted its position in shares of Wynn Resorts by 691.2% during the third quarter. Larson Financial Group LLC now owns 451 shares of the casino operator’s stock worth $58,000 after purchasing an additional 394 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Wynn Resorts during the third quarter valued at approximately $70,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.

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

Wall Street Analysts Forecast Growth

WYNN has been the topic of a number of research reports. UBS Group restated a “buy” rating on shares of Wynn Resorts in a research report on Monday, February 23rd. Stifel Nicolaus dropped their price objective on shares of Wynn Resorts from $160.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Wells Fargo & Company decreased their target price on shares of Wynn Resorts from $147.00 to $144.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Barclays upped their target price on shares of Wynn Resorts from $141.00 to $143.00 and gave the company an “overweight” rating in a research note on Friday, January 16th. Finally, Jefferies Financial Group cut their price target on shares of Wynn Resorts from $161.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $140.64.

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.