Analyst Consensus ?
ConsensusBuy46 ratings
Bullish3065.2%
Neutral1532.6%
Bearish12.2%
Wynn Resorts, Limited · WYNN · FY2024 Q3 · Calendar Q4 2024
Wynn Resorts: Stable EBITDA, New Projects, and Macau Risks
The quarter supports a mixed view: luxury demand, liquidity, and development projects provide longer-term support, but flat adjusted EBITDA, below-consensus results, Macau competition, and execution risks temper the case for sustained earnings growth.
Reported After market closeNASDAQConsumer Cyclical
$7.49B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.90
Consensus $1.17
EPS surprise
-23.1%
Reported versus consensus
Reported revenue
$1.69B
Consensus $1.73B
Revenue surprise
-2.3%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-9.3%
Event window
SPY move
+1.2%
Same window
Abnormal move
-10.5%
Stock minus SPY
Volume
5.0×
Versus trailing sessions
Subsequent drift
+9.3%
Up to 20 sessions
WYNNSPY benchmark
Ask FN2 about WYNN FY2024 Q3
Transcript, numbers and history already loaded
Why did WYNN fall 9.3% after missing EPS estimates in FY2024 Q3?What changed in WYNN's guidance and outlook in FY2024 Q3?Give me the bull and bear case for WYNN after FY2024 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the company moved from record EBITDA and a more explicitly confident operating update to modest revenue growth and essentially flat adjusted EBITDA. Capital-return capacity remained a focus, while the UAE project and Macau venue investments continued to advance; management also disclosed a UAE gaming license and a larger repurchase authorization.
Guidance delta
Management guidance sentiment was maintained; no quantified guidance change was supplied.
Key takeaways
- Revenue grew modestly while adjusted EBITDA was essentially flat year over year.
- Management highlighted $3.5 billion of liquidity and leverage of just over 4x net debt/EBITDA.
- The board increased share-repurchase authorization to $1 billion and declared a $0.25 per-share dividend.
- Planned projects include Macau food and entertainment venues, hotel renovations, smart-table deployment, and the UAE Al Marjan Island development.
- Cost discipline continued despite union payroll pressure and higher variable costs.
Management priorities
- Advance Macau food, entertainment, gaming-venue, and hotel projects.
- Complete the smart-table rollout across Wynn Macau by early 2025.
- Develop the UAE Al Marjan Island project.
- Use luxury positioning, loyalty initiatives, and venue upgrades to support guest demand.
Follow WYNN with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$74.2Current
$91Low
$127.19Average
$155High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 26, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Truist Securities | Buy | Buy | Maintain | Oct 20, 2026 |
| Stifel | Buy | Buy | Maintain | Oct 20, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Oct 20, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Oct 19, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Oct 19, 2026 |
| Citigroup | Buy | Buy | Maintain | Oct 12, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 9, 2026 |
| Macquarie | Outperform | Outperform | Maintain | Oct 7, 2026 |
| UBS | Buy | Buy | Maintain | Sep 11, 2026 |
| Argus Research | Buy | Buy | Maintain | Aug 6, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Jul 28, 2026 |
| B of A Securities | Buy | Buy | Maintain | May 11, 2026 |
| Susquehanna | Positive | Positive | Maintain | Apr 16, 2026 |
| Jefferies | Buy | Buy | Maintain | Apr 6, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Oct 1, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | Nov 5, 2024 |
| Seaport Global | Buy | Neutral | Upgrade | May 31, 2024 |
| Credit Suisse | Outperform | Outperform | Maintain | May 10, 2023 |
| CBRE | Buy | Buy | Maintain | Feb 16, 2022 |
| Union Gaming | Hold | Buy | Downgrade | Oct 19, 2020 |
| Roth Capital | Neutral | Buy | Downgrade | Sep 16, 2020 |
| CFRA | Hold | Strong Sell | Upgrade | May 8, 2020 |
| Standpoint Research | Hold | Buy | Downgrade | Jan 16, 2020 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Jan 10, 2020 |
| Stifel Nicolaus | Buy | Buy | Maintain | Nov 7, 2019 |
| Nomura | Buy | Buy | Maintain | Oct 8, 2019 |
| Bank of America | Buy | Neutral | Upgrade | Apr 25, 2019 |
| Argus | Hold | Buy | Downgrade | Aug 7, 2018 |
| Telsey Advisory Group | Market Perform | Outperform | Downgrade | Jul 26, 2017 |
| Aegis Capital | Buy | Neutral | Upgrade | Mar 21, 2017 |
| CLSA | Underperform | Outperform | Downgrade | Jul 29, 2016 |
| Sterne Agee CRT | Neutral | Buy | Downgrade | Mar 11, 2016 |
| Sterne Agee | Neutral | Buy | Downgrade | Mar 11, 2016 |
| Taglich Brothers | Market Perform | Underperform | Upgrade | Oct 5, 2015 |
| Morningstar | Hold | Buy | Downgrade | Feb 10, 2015 |
| Argus Capital | Hold | Buy | Downgrade | Sep 5, 2014 |
| Gabelli & Co. | Hold | Buy | Downgrade | Aug 14, 2014 |
| Craig-Hallum | Buy | Hold | Upgrade | Aug 7, 2014 |
| FBR Capital | Market Perform | Market Perform | Maintain | Jun 25, 2014 |
| ISI Group | Neutral | Buy | Downgrade | Sep 16, 2013 |
| Lazard | Buy | Buy | Maintain | Jun 20, 2013 |
| Credit Agricole | Outperform | Buy | Maintain | Jan 11, 2013 |
| Topeka Capital | Buy | Buy | Maintain | Oct 29, 2012 |
| Topeka | Buy | Buy | Maintain | Oct 29, 2012 |
| Compass Point | Neutral | Sell | Upgrade | Oct 25, 2012 |
| Cantor Fitzgerald | Buy | Buy | Maintain | Jul 18, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $74.2. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Barry Jonas | $110 | $77.46 | +48.2% | Oct 20, 2026 |
| UBS | Analyst unavailable | $120 | $77.47 | +61.7% | Oct 20, 2026 |
| Wells Fargo | Analyst unavailable | $125 | $75.6 | +68.5% | Oct 19, 2026 |
| Morgan Stanley | Stephen Grambling | $120 | $75.6 | +61.7% | Oct 19, 2026 |
| Goldman Sachs | Analyst unavailable | $102 | $74.96 | +37.5% | Oct 13, 2026 |
| UBS | Analyst unavailable | $138 | $87.5 | +86.0% | Sep 11, 2026 |
| Wolfe Research | Analyst unavailable | $128 | $90.6 | +72.5% | Sep 2, 2026 |
| Stifel Nicolaus | Analyst unavailable | $143 | $97.6 | +92.7% | Aug 5, 2026 |
| Barclays | Analyst unavailable | $136 | $97.6 | +83.3% | Aug 5, 2026 |
| Morgan Stanley | Stephen Grambling | $128 | $94.37 | +72.5% | Jul 22, 2026 |
| Stifel Nicolaus | Analyst unavailable | $140 | $97.05 | +88.7% | Jul 16, 2026 |
| Goldman Sachs | Analyst unavailable | $120 | $96.42 | +61.7% | Jul 15, 2026 |
| Wells Fargo | Analyst unavailable | $141 | $97.13 | +90.0% | Jul 14, 2026 |
| Barclays | Analyst unavailable | $134 | $97.5 | +80.6% | Jul 9, 2026 |
| Truist Financial | Analyst unavailable | $125 | $96.35 | +68.5% | Jul 8, 2026 |
| Morgan Stanley | Stephen Grambling | $133 | $96.22 | +79.2% | May 14, 2026 |
| Mizuho Securities | Analyst unavailable | $133 | $99.37 | +79.2% | May 12, 2026 |
| Wells Fargo | Trey Bowers | $142 | $102.42 | +91.4% | May 10, 2026 |
| Deutsche Bank | Steven Pizzella | $137 | $101.2 | +84.6% | May 8, 2026 |
| Barclays | Analyst unavailable | $139 | $106.85 | +87.3% | May 8, 2026 |
| Susquehanna | Joseph Stauff | $127 | $106.84 | +71.2% | Apr 16, 2026 |
| Wells Fargo | Analyst unavailable | $144 | $106.84 | +94.1% | Apr 16, 2026 |
| UBS | Analyst unavailable | $146 | $108.06 | +96.8% | Feb 23, 2026 |
| Mizuho Securities | Analyst unavailable | $134 | $113.39 | +80.6% | Feb 17, 2026 |
| Deutsche Bank | Analyst unavailable | $144 | $112.3 | +94.1% | Feb 13, 2026 |
| Stifel Nicolaus | Steven Wieczynski | $150 | $107.85 | +102.2% | Feb 13, 2026 |
| Wells Fargo | Trey Bowers | $147 | $107.85 | +98.1% | Feb 13, 2026 |
| Susquehanna | Joseph Stauff | $133 | $113.2 | +79.2% | Feb 12, 2026 |
| UBS | Analyst unavailable | $148 | $117.37 | +99.5% | Jan 16, 2026 |
| Morgan Stanley | Analyst unavailable | $139 | $117.37 | +87.3% | Jan 16, 2026 |
| Barclays | Brandt Montour | $143 | $117.37 | +92.7% | Jan 16, 2026 |
| UBS | Analyst unavailable | $164 | $125.02 | +121.0% | Dec 24, 2025 |
| Goldman Sachs | Analyst unavailable | $148 | $123.64 | +99.5% | Dec 15, 2025 |
| Jefferies | Analyst unavailable | $155 | $131.53 | +108.9% | Dec 8, 2025 |
| Stifel Nicolaus | Steven Wieczynski | $160 | $125.51 | +115.6% | Dec 8, 2025 |
| Goldman Sachs | Analyst unavailable | $145 | $128.68 | +95.4% | Dec 1, 2025 |
| Morgan Stanley | Stephen Grambling | $132 | $123.24 | +77.9% | Nov 24, 2025 |
| Stifel Nicolaus | Analyst unavailable | $145 | $125.14 | +95.4% | Sep 18, 2025 |
| Barclays | Brandt Montour | $127 | $109.44 | +71.2% | Jul 18, 2025 |
| Stifel Nicolaus | Steven Wieczynski | $113 | $83.52 | +52.3% | May 7, 2025 |
| Barclays | Brandt Montour | $99 | $76.97 | +33.4% | Apr 22, 2025 |
| Morgan Stanley | Stephen Grambling | $105 | $82.45 | +41.5% | Jan 14, 2025 |
| Deutsche Bank | Carlo Santarelli | $128 | $88.7 | +72.5% | Dec 18, 2024 |
| Mizuho Securities | Ben Chaiken | $118 | $86.1 | +59.0% | Nov 6, 2024 |
| Stifel Nicolaus | Steven Wieczynski | $125 | $86.72 | +68.5% | Nov 5, 2024 |
| Barclays | Brandt Montour | $125 | $100.24 | +68.5% | Oct 17, 2024 |
| Susquehanna | Joseph Stauff | $122 | $103.7 | +64.4% | Oct 11, 2024 |
| Mizuho Securities | Ben Chaiken | $125 | $106.26 | +68.5% | Oct 11, 2024 |
| Morgan Stanley | Stephen Grambling | $104 | $91.03 | +40.2% | Sep 26, 2024 |
| Stifel Nicolaus | Steven Wieczynski | $103 | $76.26 | +38.8% | Sep 13, 2024 |
| Susquehanna | Joseph Stauff | $93 | $74.85 | +25.3% | Aug 7, 2024 |
| Mizuho Securities | Ben Chaiken | $124 | $83.43 | +67.1% | Jul 22, 2024 |
| Morgan Stanley | Stephen Grambling | $107 | $84.61 | +44.2% | Jul 12, 2024 |
| Deutsche Bank | Carlo Santarelli | $131 | $83.91 | +76.5% | Jul 11, 2024 |
| Macquarie | Chad Beynon | $126 | $85.66 | +69.8% | Jul 9, 2024 |
| Seaport Global | Vitaly Umansky | $116 | $92.54 | +56.3% | May 30, 2024 |
| Argus Research | John Staszak | $110 | $95.48 | +48.2% | May 23, 2024 |
| Barclays | Brandt Montour | $128 | $95.75 | +72.5% | May 9, 2024 |
| Barclays | Brandt Montour | $123 | $106.49 | +65.8% | Apr 10, 2024 |
| Mizuho Securities | Ben Chaiken | $131 | $106.42 | +76.5% | Apr 4, 2024 |
| Macquarie | Chad Beynon | $122 | $91.16 | +64.4% | Jan 17, 2024 |
| Morgan Stanley | Stephen Grambling | $109 | $93.07 | +46.9% | Nov 9, 2023 |
| Wells Fargo | Daniel Politzer | $134 | $110.25 | +80.6% | Apr 13, 2023 |
| Morgan Stanley | Analyst unavailable | $95 | $102.4 | +28.0% | Feb 1, 2023 |
| Wells Fargo | Daniel Politzer | $101 | $84.63 | +36.1% | Jan 3, 2023 |
| Barclays | Analyst unavailable | $97 | $85.38 | +30.7% | Dec 15, 2022 |
| J.P. Morgan | Analyst unavailable | $91 | $78.38 | +22.6% | Nov 28, 2022 |
| Wells Fargo | Daniel Politzer | $53 | $67.86 | -28.6% | Nov 2, 2022 |
| Morgan Stanley | Analyst unavailable | $90 | $71.07 | +21.3% | Apr 25, 2022 |
| Deutsche Bank | Carlo Santarelli | $121 | $94.23 | +63.1% | Feb 16, 2022 |
| Macquarie | Chad Beynon | $96 | $86.13 | +29.4% | Jan 26, 2022 |
| Jefferies | David Katz | $105 | $85.65 | +41.5% | Jan 21, 2022 |
Track every rating change on WYNN the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationWynn Resorts, Limited excels in the conceptualization, development, and operation of upscale integrated resort properties. The Wynn Palace, situated in Cotai, boasts a gaming floor spanning 424,000 square feet, which includes 323 table games, 1,035 slot machines, exclusive private gaming salons, and sky casinos. Accommodations are offered in a luxurious hotel tower featuring 1,706 guest rooms, suites, and villas, complemented by a health club, spa, salon, and swimming pool. This location further provides 14 distinct food and beverage establishments, 107,000 square feet for retail, 37,000 square feet of conference and event space, alongside a performance lake and elaborate floral displays. The Wynn Macau resort presents a 252,000 square-foot casino housing 331 table games, 818 slot machines, private gaming salons, sky casinos, and a dedicated poker room. Its two opulent hotel towers collectively feature 1,010 guest rooms and suites, enhanced by two health clubs, two spas, a salon, and a swimming pool.…
Historical context
All WYNN earningsConsumer Cyclical peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| DECK Deckers Outdoor Corporation | FY2027 Q2 · Calendar Q4 2026 | +13.4% | -0.2% | Deckers raises FY2027 outlook as HOKA and UGG drive growth |
| TSCO Tractor Supply Company | FY2026 Q3 · Calendar Q4 2026 | +5.3% | +6.2% | Tractor Supply Q3: Pet and Digital Momentum Supports Margin Plan |
| PHM PulteGroup, Inc. | FY2026 Q3 · Calendar Q4 2026 | -4.5% | +5.8% | PulteGroup Holds Guidance as Buyer Traffic Slows |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the WYNN recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-10T18:38:36.707185+00:00
- Polygon adjusted daily market bars · 2026-10-26T22:30:43.870507+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-26T22:30:43.867723+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-26. For educational purposes only; not investment advice.