Analyst Consensus ?
ConsensusBuy45 ratings
Bullish2964.5%
Neutral1533.3%
Bearish12.2%
Wynn Resorts, Limited · WYNN · FY2025 Q4 · Calendar Q1 2026
Wynn Q4 EBITDA Resilient Despite Remodel and Hold Headwinds
Wynn's Q4 analysis points to resilient property EBITDA and global diversification, while 2026 execution risks center on remodel disruption, hold levels, costs and Al Marjan.
Reported After market closeNASDAQConsumer Cyclical
$8.12B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.17
Consensus $1.33
EPS surprise
-12.0%
Reported versus consensus
Reported revenue
$1.87B
Consensus $1.85B
Revenue surprise
+0.7%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+5.1%
Event window
SPY move
+0.1%
Same window
Abnormal move
+5.1%
Stock minus SPY
Volume
2.4×
Versus trailing sessions
Subsequent drift
-11.3%
Up to 20 sessions
WYNNSPY benchmark
Ask FN2 about WYNN FY2025 Q4
Transcript, numbers and history already loaded
Why did WYNN rise 5.1% after missing EPS estimates in FY2025 Q4?What changed in WYNN's guidance and outlook in FY2025 Q4?Give me the bull and bear case for WYNN after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The analysis shifts attention to 2026 execution: the Encore Tower remodel is expected to remove about 80,000 room nights, Al Marjan Islands is projected to open in late Q3 or early Q4 2026, and planned 2026 capex is $400-$450 million. Management guidance sentiment remained maintained.
Guidance delta
Management guidance sentiment was maintained; no quantitative guidance change was supplied in the analysis.
Key takeaways
- Q4 EBITDA remained robust across properties despite lower occupancy and hold challenges
- Encore Tower renovation is expected to remove about 80,000 room nights in 2026, with higher ADRs expected to offset part of the headwind
- Global diversification, premium Macau offerings and Al Marjan Islands remain central to the growth narrative
- Liquidity and the continued $0.25 per share dividend support financial resilience
Management priorities
- Execute the two-year Encore Tower remodel beginning mid-May 2026
- Advance Wynn Al Marjan Islands toward a projected late Q3 or early Q4 2026 opening
- Expand premium offerings, including the Chairman's Club at Wynn Palace
- Deploy the 2026 capex budget of $400-$450 million across refresh projects and new concessions
- Pursue technology and AI initiatives for personalization, efficiency and discoverability
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$79.15Current
$91Low
$130.28Average
$155High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 30, 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 |
|---|---|---|---|---|
| UBS | Buy | Buy | Maintain | Sep 11, 2026 |
| Argus Research | Buy | Buy | Maintain | Aug 6, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Aug 5, 2026 |
| Macquarie | Outperform | Outperform | Maintain | Aug 5, 2026 |
| Barclays | Overweight | Overweight | Maintain | Aug 5, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Jul 28, 2026 |
| Stifel | Buy | Buy | Maintain | Jul 16, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jul 15, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | May 14, 2026 |
| B of A Securities | Buy | Buy | Maintain | May 11, 2026 |
| Citigroup | Buy | Buy | Maintain | May 8, 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 $79.15. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $138 | $87.5 | +74.4% | Sep 11, 2026 |
| Wolfe Research | Analyst unavailable | $128 | $90.6 | +61.7% | Sep 2, 2026 |
| Stifel Nicolaus | Analyst unavailable | $143 | $97.6 | +80.7% | Aug 5, 2026 |
| Barclays | Analyst unavailable | $136 | $97.6 | +71.8% | Aug 5, 2026 |
| Morgan Stanley | Stephen Grambling | $128 | $94.37 | +61.7% | Jul 22, 2026 |
| Stifel Nicolaus | Analyst unavailable | $140 | $97.05 | +76.9% | Jul 16, 2026 |
| Goldman Sachs | Analyst unavailable | $120 | $96.42 | +51.6% | Jul 15, 2026 |
| Wells Fargo | Analyst unavailable | $141 | $97.13 | +78.1% | Jul 14, 2026 |
| Barclays | Analyst unavailable | $134 | $97.5 | +69.3% | Jul 9, 2026 |
| Truist Financial | Analyst unavailable | $125 | $96.35 | +57.9% | Jul 8, 2026 |
| Morgan Stanley | Stephen Grambling | $133 | $96.22 | +68.0% | May 14, 2026 |
| Mizuho Securities | Analyst unavailable | $133 | $99.37 | +68.0% | May 12, 2026 |
| Wells Fargo | Trey Bowers | $142 | $102.42 | +79.4% | May 10, 2026 |
| Deutsche Bank | Steven Pizzella | $137 | $101.2 | +73.1% | May 8, 2026 |
| Barclays | Analyst unavailable | $139 | $106.85 | +75.6% | May 8, 2026 |
| Susquehanna | Joseph Stauff | $127 | $106.84 | +60.5% | Apr 16, 2026 |
| Wells Fargo | Analyst unavailable | $144 | $106.84 | +81.9% | Apr 16, 2026 |
| UBS | Analyst unavailable | $146 | $108.06 | +84.5% | Feb 23, 2026 |
| Mizuho Securities | Analyst unavailable | $134 | $113.39 | +69.3% | Feb 17, 2026 |
| Deutsche Bank | Analyst unavailable | $144 | $112.3 | +81.9% | Feb 13, 2026 |
| Stifel Nicolaus | Steven Wieczynski | $150 | $107.85 | +89.5% | Feb 13, 2026 |
| Wells Fargo | Trey Bowers | $147 | $107.85 | +85.7% | Feb 13, 2026 |
| Susquehanna | Joseph Stauff | $133 | $113.2 | +68.0% | Feb 12, 2026 |
| UBS | Analyst unavailable | $148 | $117.37 | +87.0% | Jan 16, 2026 |
| Morgan Stanley | Analyst unavailable | $139 | $117.37 | +75.6% | Jan 16, 2026 |
| Barclays | Brandt Montour | $143 | $117.37 | +80.7% | Jan 16, 2026 |
| UBS | Analyst unavailable | $164 | $125.02 | +107.2% | Dec 24, 2025 |
| Goldman Sachs | Analyst unavailable | $148 | $123.64 | +87.0% | Dec 15, 2025 |
| Jefferies | Analyst unavailable | $155 | $131.53 | +95.8% | Dec 8, 2025 |
| Stifel Nicolaus | Steven Wieczynski | $160 | $125.51 | +102.1% | Dec 8, 2025 |
| Goldman Sachs | Analyst unavailable | $145 | $128.68 | +83.2% | Dec 1, 2025 |
| Morgan Stanley | Stephen Grambling | $132 | $123.24 | +66.8% | Nov 24, 2025 |
| Stifel Nicolaus | Analyst unavailable | $145 | $125.14 | +83.2% | Sep 18, 2025 |
| Barclays | Brandt Montour | $127 | $109.44 | +60.5% | Jul 18, 2025 |
| Stifel Nicolaus | Steven Wieczynski | $113 | $83.52 | +42.8% | May 7, 2025 |
| Barclays | Brandt Montour | $99 | $76.97 | +25.1% | Apr 22, 2025 |
| Morgan Stanley | Stephen Grambling | $105 | $82.45 | +32.7% | Jan 14, 2025 |
| Deutsche Bank | Carlo Santarelli | $128 | $88.7 | +61.7% | Dec 18, 2024 |
| Mizuho Securities | Ben Chaiken | $118 | $86.1 | +49.1% | Nov 6, 2024 |
| Stifel Nicolaus | Steven Wieczynski | $125 | $86.72 | +57.9% | Nov 5, 2024 |
| Barclays | Brandt Montour | $125 | $100.24 | +57.9% | Oct 17, 2024 |
| Susquehanna | Joseph Stauff | $122 | $103.7 | +54.1% | Oct 11, 2024 |
| Mizuho Securities | Ben Chaiken | $125 | $106.26 | +57.9% | Oct 11, 2024 |
| Morgan Stanley | Stephen Grambling | $104 | $91.03 | +31.4% | Sep 26, 2024 |
| Stifel Nicolaus | Steven Wieczynski | $103 | $76.26 | +30.1% | Sep 13, 2024 |
| Susquehanna | Joseph Stauff | $93 | $74.85 | +17.5% | Aug 7, 2024 |
| Mizuho Securities | Ben Chaiken | $124 | $83.43 | +56.7% | Jul 22, 2024 |
| Morgan Stanley | Stephen Grambling | $107 | $84.61 | +35.2% | Jul 12, 2024 |
| Deutsche Bank | Carlo Santarelli | $131 | $83.91 | +65.5% | Jul 11, 2024 |
| Macquarie | Chad Beynon | $126 | $85.66 | +59.2% | Jul 9, 2024 |
| Seaport Global | Vitaly Umansky | $116 | $92.54 | +46.6% | May 30, 2024 |
| Argus Research | John Staszak | $110 | $95.48 | +39.0% | May 23, 2024 |
| Barclays | Brandt Montour | $128 | $95.75 | +61.7% | May 9, 2024 |
| Barclays | Brandt Montour | $123 | $106.49 | +55.4% | Apr 10, 2024 |
| Mizuho Securities | Ben Chaiken | $131 | $106.42 | +65.5% | Apr 4, 2024 |
| Macquarie | Chad Beynon | $122 | $91.16 | +54.1% | Jan 17, 2024 |
| Morgan Stanley | Stephen Grambling | $109 | $93.07 | +37.7% | Nov 9, 2023 |
| Wells Fargo | Daniel Politzer | $134 | $110.25 | +69.3% | Apr 13, 2023 |
| Morgan Stanley | Analyst unavailable | $95 | $102.4 | +20.0% | Feb 1, 2023 |
| Wells Fargo | Daniel Politzer | $101 | $84.63 | +27.6% | Jan 3, 2023 |
| Barclays | Analyst unavailable | $97 | $85.38 | +22.6% | Dec 15, 2022 |
| J.P. Morgan | Analyst unavailable | $91 | $78.38 | +15.0% | Nov 28, 2022 |
| Wells Fargo | Daniel Politzer | $53 | $67.86 | -33.0% | Nov 2, 2022 |
| Morgan Stanley | Analyst unavailable | $90 | $71.07 | +13.7% | Apr 25, 2022 |
| Deutsche Bank | Carlo Santarelli | $121 | $94.23 | +52.9% | Feb 16, 2022 |
| Macquarie | Chad Beynon | $96 | $86.13 | +21.3% | Jan 26, 2022 |
| Jefferies | David Katz | $105 | $85.65 | +32.7% | 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
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Latest beats and misses
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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 · 2026-07-26T00:36:15.940040+00:00
- Polygon adjusted daily market bars · 2026-09-30T12:41:35.304795+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-30T12:41:35.301827+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 2026-09-30. For educational purposes only; not investment advice.