Wynn Resorts, Limited Forecasted to Post Q1 2022 Earnings of ($0.51) Per Share (NASDAQ:WYNN)

February 21, 2022 World Earnings & Filings

Wynn Resorts, Limited (NASDAQ:WYNN) – Jefferies Financial Group lowered their Q1 2022 EPS estimates for Wynn Resorts in a report issued on Wednesday, February 16th. Jefferies Financial Group analyst D. Katz now expects that the casino operator will post earnings per share of ($0.51) for the quarter, down from their prior estimate of ($0.31). Jefferies Financial Group also issued estimates for Wynn Resorts’ Q2 2022 earnings at $0.20 EPS, Q3 2022 earnings at $0.31 EPS, Q4 2022 earnings at $0.84 EPS, Q1 2023 earnings at $0.70 EPS, Q2 2023 earnings at $1.01 EPS, Q4 2023 earnings at $1.68 EPS and FY2023 earnings at $4.57 EPS. Wynn Resorts (NASDAQ:WYNN) last announced its quarterly earnings data on Tuesday, February 15th. The casino operator reported ($1.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.25) by ($0.12). During the same quarter last year, the business earned ($2.45) earnings per share.

A number of other brokerages also recently commented on WYNN. CBRE Group upped their target price on Wynn Resorts from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Wednesday. Bank of America increased their price target on Wynn Resorts from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday. Morgan Stanley increased their price target on Wynn Resorts from $117.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price target on Wynn Resorts from $131.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Zacks Investment Research raised Wynn Resorts from a “sell” rating to a “hold” rating and set a $102.00 target price for the company in a report on Monday, November 8th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $115.21.