Our Revised Price Estimate Of $100 For Wynn Resorts Post Q1 Earnings

+2.58%
Upside
102
Market
105
Trefis
WYNN: Wynn Resorts logo
WYNN
Wynn Resorts

Wynn Resorts  (NYSE:WYNN) recently reported its Q1 2016 earnings, which stood at $0.74 as compared to a loss of $0.44 per share in the prior year quarter. It appears that the mass-gaming has stabilized in the region after 2 years of continuous decline amid  government’s anti-graft measures followed by a slowing economy. This has benefited the casino operators in the region, including Wynn. We have recently updated our model for Wynn Resorts to incorporate the quarterly results. Our revised price estimate for Wynn is $100, which is more than 5% ahead of the current market price. It should be noted that there has been no significant change to our forecast for the company. The table below summarizes Wynn’s performance in Q1.

Screen Shot 2016-05-12 at 5.22.40 PM

Notes:

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1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com

2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively.

For precise figures, please refer to our complete analysis for Wynn Resorts

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