WYNN Earnings Prediction
The chart below shows how WYNN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WYNN sees a +1.17% change in stock price 10 days leading up to the earnings, and a -1.42% change 10 days following the report. On the earnings day itself, the stock moves by +0.10%. This data can give you a slight idea of what to expect for the next quarter's release.
WYNN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.84B
-0.09%
8.59%
Gross Margin
41.70%
20.17%
72.53%
Operating Margin
26.68%
38.60%
239.01%
Net Margin
17.53%
-58.30%
-5578.12%
EPS
2.36
-62.89%
-913.79%
No Data Available
WYNN Earnings Analysis
Wynn Resorts Ltd Corporation (WYNN.O) Earnings Conference Call
Positive
Earnings Per Share Beat: Wynn Resorts reported an EPS of $2.42, significantly exceeding expectations of $1.27.
Record Property EBITDA Achievement: The company achieved another record year of adjusted property EBITDA, including an annual record in Las Vegas.
Las Vegas Gaming Demand: Demand in Las Vegas remained healthy in Q4, with table games drop flat and slot handle up by 13%.
Property EBITDA Performance: Wynn Las Vegas generated $267.4 million in adjusted property EBITDA on $699.5 million of operating revenue, with an EBITDA margin of 38.2%.
Slot Revenue Record: Encore Boston set a new all-time property record for slot revenue, with handle up 6%.
Macau EBITDA Performance: Macau operations delivered adjusted property EBITDA of $292.8 million, with an EBITDA margin of 31.6%.
Stock Repurchase Confidence: Wynn Resorts repurchased $200 million of stock in Q4 and an additional $150 million in Q1, reflecting confidence in the company's value.
Strong Liquidity Position: The company has a strong liquidity position with $3.5 billion in global cash and revolver availability as of December 31.
Cash Dividend Announcement: Wynn Resorts announced a cash dividend of $0.25 per share, demonstrating commitment to returning capital to shareholders.
Record Hospitality Financing: The financing package for the Wynn Al Marjan project in the UAE, totaling $2.4 billion, is the largest hospitality finance in UAE history, indicating strong support for the project.
Negative
EBITDA Decline Analysis: EBITDA during the F1 event in 2024 was about $20 million lower than in 2023, primarily due to a decline in RevPAR from lower overall Las Vegas room rates during that event.
EBITDA Headwind Impact: The company faced a $25 million EBITDA headwind for Q1 2025 due to not hosting the Super Bowl in Las Vegas, impacting overall performance.
Property EBITDA Decline: Adjusted property EBITDA for Wynn Las Vegas was down 1% year on year, indicating a slight decline in operational performance despite revenue being up slightly.
Property EBITDA Decline: In Boston, adjusted property EBITDA was down year over year on a tough comp, reflecting challenges in maintaining growth in that market.
Macau EBITDA Decline: Macau operations saw a slight decline in EBITDA, down about 1% year over year, indicating competitive pressures in that market.
CapEx Project Delays: The company is facing potential delays in CapEx projects in Macau due to the need for government approvals, creating uncertainty in future spending.
CapEx Spending Outlook: The total CapEx spend in 2025 is expected to range between $250 million and $300 million, which may indicate a cautious approach to investment amid market conditions.
WYNN FAQs
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WYNN Earning Call Sentiment
Wynn Resorts, Limited (NASDAQ:WYNN) Q4 2024 Earnings Call Transcript
WYNN.O
-3.19%Positive
The earnings call summary highlights strong EPS performance, a strategic share repurchase plan, and a substantial financing package for the Wynn Al Marjan project, all of which are positive indicators. Despite slight declines in some EBITDA margins and competitive pressures in Macau, the optimistic guidance for 2025 and robust cash flow support a positive outlook. The Q&A section reinforced stability in key markets and management's confidence in navigating challenges, further supporting a positive sentiment.
