Stock Analysis

Wynn Macau Full Year 2023 Earnings: Beats Expectations

Simply Wall St

Published March 23, 2024

Wynn Macau (HKG:1128) Full Year 2023 Results

Key Financial Results

Revenue: HK$24.3b (up 330% from FY 2022).
Net income: HK$1.17b (up from HK$7.34b loss in FY 2022).
Profit margin: 4.8% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
EPS: HK$0.22 (up from HK$1.41 loss in FY 2022).

SEHK:1128 Earnings and Revenue Growth March 23rd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Wynn Macau Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 56%.

Looking ahead, revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Hospitality industry in Hong Kong.

Performance of the Hong Kong Hospitality industry.

The company's shares are up 3.4% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Wynn Macau that you need to take into consideration.

Valuation is complex, but we're here to simplify it.

Discover if Wynn Macau might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.