Wynn Resorts Third Quarter 2024 Earnings: Misses Expectations

Wynn Resorts (NASDAQ:WYNN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.69b (up 1.3% from 3Q 2023).
• Net loss: US$32.1m (loss narrowed by 73% from 3Q 2023).
• US$0.29 loss per share (improved from US$1.03 loss in 3Q 2023).

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

Wynn Resorts Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are down 13% from a week ago.

Valuation

It's possible that Wynn Resorts could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

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