With a market cap of $7.6 billion, Wynn Resorts, Limited (WYNN) is a global developer and operator of luxury integrated resorts, offering world-class gaming, hospitality, dining, retail, and entertainment experiences. It operates premier destinations including Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor.
The Las Vegas, Nevada-based company is set to announce its fiscal Q3 2026 results after the market closes on Thursday, Nov. 5. Analysts predict WYNN to report an adjusted EPS of $0.59, down 31.4% from $0.86 in the year-ago quarter. It has surpassed Wall Street's earnings estimates in two of the last quarters while missing on two other occasions.
For fiscal 2026, analysts forecast the casino operator to post an adjusted EPS of $4.28, a rise of 2.2% from $4.19 in fiscal 2025. Moreover, adjusted EPS is anticipated to grow 11.2% year-over-year to $4.76 in fiscal 2027.
Shares of Wynn Resorts have decreased 41.4% over the past 52 weeks, underperforming both the S&P 500 Index's ($SPX) 11.8% return and the State Street Consumer Discretionary Select Sector SPDR ETF's (XLY) 5.1% decline over the period.
Wynn Resorts shares rose 3.6% following its Q2 2026 results on Aug. 4, as adjusted EPS of $1.24 and revenue of $1.86 billion, both topping the forecasts. The results were driven by strong performance in Macau, where Wynn Palace operating revenue jumped 21% year-over-year to $653.4 million, supported by resilient demand for luxury travel and experiences. Further boosting optimism, the company announced that Wynn Al Marjan Island, which has received about $1.06 billion in cash contributions from Wynn so far, is expected to open in September 2027 as the UAE’s first casino resort.
Analysts' consensus view on WYNN stock is bullish, with a "Strong Buy" rating overall. Among 20 analysts covering the stock, 18 recommend "Strong Buy," one gives "Moderate Buy," and one indicates “Hold.” The average analyst price target for Wynn Resorts is $120.43, suggesting a potential upside of 63.8% from current levels.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.