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Wynn stock currently trades at $96 per share, roughly 31% below its pre-inflation shock high of $140 seen on March 17, 2021. The stock was impacted by the Macau operations, which saw business largely collapse over 2021 and 2022, due to stringent Covid-19 restrictions which hurt tourist inflows into the region.
Wynn Resorts' (WYNN) first-quarter 2024 top line reflects benefits from non-gaming businesses and healthy casino volumes.
Vitaly Umansky, global gaming senior analyst at Seaport Research Partners, discusses Wynn Resorts' quarterly results.
The headline numbers for Wynn (WYNN) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Wynn Resorts WYNN, -0.65% posted a higher profit in the first quarter as all four of the company's segments logged higher operating revenues.
Wynn Resorts' (WYNN) first-quarter performance is likely to have benefited from an uptick in visitation and demand, particularly in the Las Vegas and Macau regions.
Beyond analysts' top -and-bottom-line estimates for Wynn (WYNN), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.
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Wynn Resorts (WYNN) reachead $94.99 at the closing of the latest trading day, reflecting a -1.16% change compared to its last close.
Wynn (WYNN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.