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Wynn Resorts First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Wynn Resorts (NASDAQ:WYNN) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$1.86b (up 31% from 1Q 2023).

  • Net income: US$144.2m (up by US$131.9m from 1Q 2023).

  • Profit margin: 7.7% (up from 0.9% in 1Q 2023).

  • EPS: US$1.30 (up from US$0.11 in 1Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

Wynn Resorts Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 3.8%.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.

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Performance of the American Hospitality industry.

The company's shares are up 3.3% from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Wynn Resorts could be a good place to look. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.