Wynn Resorts Limited ($WYNN) Stock Forecast: Down 8.1% Today

What is Wynn Resorts Limited?

Wynn Resorts (NASDAQ: WYNN) is a renowned hospitality company operating luxury hotels and casinos worldwide. The company is known for its high-end resorts in Las Vegas and Macau.

Why is Wynn Resorts Limited going down?

WYNN stock is down 8.1% on Nov 5, 2024 17:46

• Wynn Resorts (WYNN) experienced a strong bearish movement today due to its Q3 performance missing expectations, with lower-than-expected EPS and revenues reported.
• Despite solid resort demand trends across its portfolio, high expenses impacted the company's earnings and stock performance negatively.
• The anticipation surrounding WYNN's Q3 earnings did not materialize as expected, leading to a decline in the stock price.
• The market reaction indicates that investors were disappointed with Wynn Resorts' financial results, causing a bearish sentiment towards the stock.

WYNN Price Chart

WYNN Technical Analysis

WYNN News

Wynn Resorts' Q3 Performance Misses Expectations Amid Strategic Investments - Wynn Resorts ( NASDAQ:WYNN )

Wynn Resorts, Limited WYNN shares are trading lower on Tuesday after the company reported worse-than-expected third-quarter EPS and revenues. On Monday, the company reported operating revenues of $1.69 billion, missing the consensus of $1.73 billion.

https://www.benzinga.com/news/earnings/24/11/41749371/wynn-resorts-q3-performance-misses-expectations-amid-strategic-investments

Wynn Resorts Q3 Earnings & Revenues Miss Estimates, Stock Down

WYNN's third-quarter 2024 results reflect solid resort demand trends across its portfolio amid high expenses.

https://www.zacks.com/stock/news/2364523/wynn-resorts-q3-earnings-revenues-miss-estimates-stock-down

How To Earn $500 A Month From Wynn Resorts Stock Ahead Of Q3 Earnings

Wynn Resorts, Limited WYNN will release earnings results for its third quarter, after the closing bell on Monday, Nov. 4. Wall Street expects the Las Vegas, Nevada-based company to report quarterly earnings at $1.01 per share, up from 99 cents per share in the year-ago period.

https://www.benzinga.com/news/earnings/24/11/41712511/how-to-earn-500-a-month-from-wynn-resorts-stock-ahead-of-q3-earnings

Marriott, Constellation Energy And 3 Stocks To Watch Heading Into Monday - Marriott Intl ( NASDAQ:MAR )

With U.S. stock futures trading mixed this morning on Monday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Constellation Energy Corporation CEG to report quarterly earnings at $2.64 per share on revenue of $5.71 billion before the opening bell, ...

https://www.benzinga.com/news/earnings/24/11/41705509/marriott-constellation-energy-and-3-stocks-to-watch-heading-into-monday

Wynn Resorts Q3 Earnings on the Horizon: What's in the Offing?

WYNN's third-quarter 2024 results are likely to be aided by increased visitor numbers and demand, especially in Las Vegas and Macau.

https://www.zacks.com/stock/news/2362711/wynn-resorts-q3-earnings-on-the-horizon-whats-in-the-offing

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Wynn Resorts Limited Price History

05.10.2024 - WYNN Stock was down 6.1%

• The bearish movement in Wynn Resorts' stock today could be attributed to profit-taking by investors ahead of the Q3 earnings release.
• Despite the positive outlook for increased visitor numbers and demand in Las Vegas and Macau, uncertainty surrounding the actual earnings report may have led to a sell-off.
• Investors might be cautious due to the mixed trading in U.S. stock futures and the need for more concrete data on Wynn Resorts' financial performance before committing further.

04.09.2024 - WYNN Stock was up 5.0%

• The bullish movement in Wynn Resorts' stock could be attributed to positive market sentiment and investor confidence in the company's future prospects.
• The surge in DoubleDown Interactive's share price might have positively influenced Wynn Resorts, as both companies operate in the gaming and hospitality industry.
• Despite the bearish options activity observed by deep-pocketed investors, the overall bullish trend in Wynn Resorts' stock indicates that the market is focusing more on the company's growth potential and resilience in the industry.
• The latest trend in earnings estimate revisions for DoubleDown Interactive may have also contributed to the positive outlook for companies in the gaming sector, including Wynn Resorts.

13.08.2024 - WYNN Stock was up 5.1%

• Despite wealthy investors taking a bearish stance on Wynn Resorts in the options market, the stock surprisingly displayed strong bullish movement.
• The heightened options activity on Wynn Resorts might have caused market volatility, contributing to the unexpected bullish momentum.
• The disparity between options sentiment and actual stock performance could suggest a potential short squeeze or a shift in market sentiment towards Wynn Resorts.
• Investors should vigilantly observe future developments to gauge the continuity of this bullish trend or the potential influence of options market sentiment on the stock's performance.

05.10.2024 - WYNN Stock was down 8.1%

• Wynn Resorts (WYNN) experienced a strong bearish movement today due to its Q3 performance missing expectations, with lower-than-expected EPS and revenues reported.
• Despite solid resort demand trends across its portfolio, high expenses impacted the company's earnings and stock performance negatively.
• The anticipation surrounding WYNN's Q3 earnings did not materialize as expected, leading to a decline in the stock price.
• The market reaction indicates that investors were disappointed with Wynn Resorts' financial results, causing a bearish sentiment towards the stock.

27.08.2024 - WYNN Stock was up 7.2%

• Wynn (WYNN) witnessed a notable 8.2% increase in its stock price, highlighting strong bullish momentum.
• The rise in trading volume indicates heightened investor interest and purchasing activity in the stock.
• Recent earnings estimate adjustments may have played a role in the price surge, yet the potential for additional gains in the short run remains uncertain.

08.01.2024 - WYNN Stock was up 6.2%

• Wynn Resorts reported strong Q4 earnings with adjusted earnings per share of $1.91, up from a loss of $1.23 per share last year.
• The company's revenue spiked 83% to $1.84 billion, marking its fourth consecutive quarter of double-digit gains.
• The positive earnings and revenue results contributed to the bullish movement of WYNN stock today.
• Additionally, the news of Macao's recovery and Vegas' strong performance also influenced investor confidence in Wynn Resorts, leading to the bullish market movement.

09.01.2024 - WYNN Stock was up 6.2%

• Wynn Resorts announced the issuance of $400 million in additional senior notes, which could indicate a positive outlook for the company's financials.
• The private add-on offering of $400 million by Wynn Resorts suggests that there is investor interest in the company.
• Wynn Resorts reported strong Q4 earnings, with adjusted earnings per share increasing and revenue spiking by 152%, indicating a positive performance for the company.
• The positive market movement could also be attributed to the overall strength of the casino industry, with Macao back on track and Vegas performing well.

09.01.2024 - WYNN Stock was up 6.2%

• Wynn Resorts announced a successful private add-on offering of $400M, indicating investor confidence and potential growth opportunities.
• The company reported strong Q4 earnings, with adjusted earnings per share increasing significantly compared to the previous year.
• Positive financial results from Arm Holdings and other big stocks may have contributed to the overall bullish sentiment in the market.
• The increase in Wynn Resorts' weighting in Jim Cramer's Charitable Trust also suggests positive sentiment and potential long-term growth prospects.

08.01.2024 - WYNN Stock was up 6.7%

• Wynn Resorts reported strong Q4 earnings, with adjusted earnings per share increasing significantly and revenue spiking 152%.
• The company's performance in Macau and Las Vegas operations contributed positively to its financial results.
• Positive financial results and upbeat guidance from Arm Holdings, another big stock, may have also influenced the bullish movement of WYNN.
• It's worth noting that Wynn Resorts was downgraded to a hold rating as its shares were seen trading near fair value. However, this did not seem to impact the bullish market movement today.

09.01.2024 - WYNN Stock was up 6.2%

• Wynn Resorts is boosting its financial standing by offering an additional $400 million in senior notes, which could be seen as a positive move by investors.
• The announcement of the private add-on offering of $400 million could have generated excitement and confidence in the market, leading to a bullish movement.
• The news of Wynn Resorts performing well in Macao and Vegas could have also contributed to the bullish sentiment, as investors may see potential for increased revenue and profitability.
• The fact that Jim Cramer's Charitable Trust is buying more shares of WYNN could have further fueled positive sentiment among traders.

20.01.2024 - WYNN Stock was down 3.5%

• Wynn Resorts (WYNN) witnessed a strong bearish movement possibly due to the news of selling a New York mobile sports wagering license to PENN Entertainment (PENN).
• The deal between Wynn Resorts and PENN Entertainment might have raised concerns among investors about potential loss of revenue or market share for WYNN in the sports betting landscape.
• This market movement could be a reaction to the shifting dynamics in the sports betting industry, with Wynn Resorts making strategic decisions to optimize its business portfolio.

09.01.2024 - WYNN Stock was up 6.2%

• The bullish movement in WYNN stock today can be attributed to the following factors:
• 1. Buyback Offer: Wynn Resorts' announcement of an $800 million senior notes buyback offer indicates a strategic move to improve its financial position. This move instills confidence in investors, leading to a positive market response.
• 2. Additional Senior Notes: The pricing and offering of an additional $400 million in senior notes by Wynn Resorts and its subsidiaries further strengthens the company's finances. This move suggests a proactive approach to managing debt and enhancing liquidity, which is viewed positively by investors.
• 3. Market Confidence: The overall positive sentiment in the hospitality and gaming industry, along with Wynn Resorts' reputation for luxury offerings, has likely contributed to the bullish movement. Investors may see Wynn Resorts as a solid investment option in a recovering market.
• 4. Limited Information: Although an article from Seeking Alpha does not provide a summary, it is possible that it contains additional details or perspectives that could have influenced the market movement. However, without further information, it is challenging to determine its impact on Wynn Resorts' stock.
• Overall, the combination of Wynn Resorts' financial initiatives, market confidence, and positive industry outlook likely contributed to the bullish movement in WYNN stock today.