Wynn Resorts (WYNN) reported earnings on Tue 24 Apr 2018 (a/h)

** charts after earnings **

 

Wynn Resorts beats by $0.28, misses on revs 

• Reports Q1 (Mar) earnings of $2.30 per share, excluding non-recurring items, $0.28 better thanthe Capital IQ Consensus of $2.02; revenues rose 20.5% year/year to $1.72 bln vs the $1.75 bln Capital IQ Consensus. Co preannounced results through Feb 28 on March 7.
• Adjusted Property EBITDA was $564.3 million for the first quarter of 2018, an increase of 32.0%, or $136.8 million, from $427.5 million for the same period of 2017, as a result of increases of $100.1 million, $28.7 million and $8.0 million from Wynn Palace, Wynn Macau and our Las Vegas Operations, respectively. Wynn Resorts, Limited also announced today that the Company has approved a cash dividend of $0.75 per share, payable on May 29, 2018 to stockholders of record as of May 17, 2018, a 50% increase in our quarterly cash dividend from last quarter reflecting the ongoing strength and stability across our operations.

Wynn Resorts (WYNN) reported earnings on Thur 28 Jul 2016 (a/h)

** charts before earnings **

  

** charts after earnings **

Wynn Resorts beats by $0.12, beats on revs :

• Reports Q2 (Jun) adj. earnings of $1.08 per share, $0.12 better than the Capital IQ Consensus of $0.96; revenues rose 1.7% year/year to $1.06 bln vs the $1.03 bln Capital IQ Consensus. 
  • Net revenues from our Macau Operations were $639.3 million for the second quarter of 2016, a 3.6% increase from $617.0 million in the same period of 2015. Adjusted Property EBITDA from our Macau Operations was $190.4 million for the second quarter of 2016, a 9.8% increase from $173.4 million in the same period of 2015.
  • Net revenues from our Las Vegas Operations were $419.0 million for the second quarter of 2016, a 1.1% decrease from $423.5 million in the same period of 2015. Adjusted Property EBITDA from our Las Vegas Operations was $122.3 million, a 0.2% increase from $122.0 million in the second quarter of 2015.
• Wynn Palace total budget: $4.2 blnl; ~$4.2 billion. Wynn Palace is scheduled to open on August 22, 2016. We believe that we will receive an allocation of ~100 table games for Wynn Palace, with additional table games allocated to us post-opening. While we have not yet received formal notification of our table games allocation, if we receive an allocation of 100 new table games, we expect to move ~250 table games from Wynn Macau to Wynn Palace resulting in ~350 table games at Wynn Palace and 270 table games at Wynn Macau.
• The total project budget for Wynn Boston Harbor, including construction costs, capitalized interest, pre-opening costs and land costs, is estimated to be between $1.9 billion and $2.1 billion. We remain engaged in site remediation, site preparation and pre-construction activities.

WYNN — is it a buy?

• Feb 12:  Is WYNN a buy?

• 3 days later:  +15%

• 2 months later: