Wynn Resorts, Limited (NASDAQ:WYNN) earnings reaction history

Wynn Resorts, Limited (NASDAQ:WYNN) is projected to declare fiscal first quarter financial results right before the stock market’s official open on May 04, 2017. The stock added about 4.2 percent in price since last results when it was at $95.5 a share. Based on the most relevant past-periods data, there is an 50 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 14 times out of last 28 reported quarters. It has beaten earnings-per-share estimates 58.% of the time in its last 12 earnings reports. It fell short of earnings estimates on 5 occasions, and it has met expectations 0 time.

Here’s how traders responded to WYNN earnings announcements over the past few quarters.

Wynn Resorts, Limited (WYNN) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 2.2 percent over the past four quarters. Back on January 26, 2017, it posted earnings per-share earnings at $0.5 which missed the consensus $0.67 projection (negative surprise of-25.37%). For the quarter, revenue came in at 1.3B versus consensus estimate of 1.26B. The stock gained 7.94 percent the session following the earnings reports were released, and on 7th day price change was 1.97 percent.

On November 2, 2016, it reported earnings at $0.75 a share compared with the consensus estimate of $0.79 per share (negative surprise of -5.06%). Revenue of 1.11B for that quarter was below the $1.12B analysts had expected. The stock retreated -9.32% the day following the earnings announcement, and on 7th day price change was -8.99%.

On July 28, 2016, it recorded $1.07 a share in earnings which topped the consensus estimate of $0.97 (positive surprise of 10.31%). Revenue for the quarter was $1.06B while analysts called for revenues to be $1.02B. The stock dropped -6.4% the day following the earnings data was made public, and on 7th day price change was -6.12%.

On May 5, 2016, it announced earnings per share at $1.07 versus the consensus estimate of $0.83 per share (positive surprise of 28.92%). That came on revenues of $997.68M for that period. Analysts had expected $998.49M in revenue.

Wynn Resorts, Limited Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.93. The analysts’ present consensus range is $0.69-$1.59 for EPS. The market consensus range for revenue is between $1.29B and $1.48B, with an average of $1.36B.

Wynn Resorts, Limited (NASDAQ:WYNN) last ended at $104.3, sending the company’s market cap near $10.63B. The consensus 12-month price target from analysts covering the stock is $106.06. The share price has declined -3.69% from its top level in 52 weeks and dropped 21.18% this year. It recently traded in a range of $101.5-$104.71 at a volume of 3453765 shares. The recent trading ended with the price nearly 3.92 higher for the last 5 trading days, rebounding 30.02% from its 52-week low.