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Feb 14, 03:54 PM
Wynn Resorts Reports Q4 Adjusted EPS of $2.42, Revenue of $1.84B, Adjusted Net Income $263.3M, Stock Surges 10.4%
Company Earnings
Stocks
Business

Wynn Resorts Reports Q4 Adjusted EPS of $2.42, Revenue of $1.84B, Adjusted Net Income $263.3M, Stock Surges 10.4%

Authors
  • Barron's
  • FSMN
  • The Inner Circle Trading Group DP David Prince
6

Wynn Resorts, Limited reported strong fourth-quarter results for 2024, with adjusted earnings per share (EPS) of $2.42, surpassing the consensus estimate of $1.27. The company's revenue reached $1.84 billion, exceeding expectations of $1.77 billion. Adjusted net income was reported at $263.3 million, significantly higher than the estimated $143.8 million, while adjusted EBITDA was $619.1 million, compared to the forecast of $539.9 million. Following the earnings announcement, Wynn's stock surged by 10.4%. Barclays and Stifel both maintained their positive outlook on the stock, raising their price targets to $116 and $128, respectively.

Written with ChatGPT (GPT-4o mini).

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