Wynn Resorts, Limited (NASDAQ:WYNN) To Post $1.09 EPS For the Quarter

The sell-side analysts covering Wynn Resorts, Limited (NASDAQ:WYNN) are predicting that the firm will report earnings of $0.74 per share when the company issues their quarterly report today.  This is the consensus EPS number according to data from Zack’s Research.  How the estimated EPS differs from the actual earnings number is what investors will be watching closely. 

Most recently Wynn Resorts, Limited (NASDAQ:WYNN) reported a surprise factor of 67.57%. The actual number was $0.5 away from the Zacks consensus just prior to the actual release. A significant surprise factor can lead to stock swings in the price in the hours and days following the earnings report.

Projected Stock Movement
Research analysts covering shares of Wynn Resorts, Limited (NASDAQ:WYNN) are anticipating on a consensus basis that the stock will reach $130.111 within the next 52 weeks. Of the analysts providing short term targets, the most bullish analyst has a $151 target on the stock. On the other end, the most conservative has a short term target of $99. This is based on the 9 analysts taken into consideration by Zacks. The consensus price target was last revised on 2017-07-17.

Zacks also provides a simplified scale for analyst recommendations. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating. Wynn Resorts, Limited (NASDAQ:WYNN) currently has an ABR of 2.14 heading into today’s announcement. This number is also based on the 9 sell-side firms polled by Zacks.

It may be difficult for many investors to decide the right time to buy or sell a stock. Veteran investors may seem like they have it all figured out, and amateurs may feel like they are swimming upstream. Seasoned traders may have spent many years monitoring market ebbs and flows. Knowing when to take profits or cut losses can be a tough skill to achieve. It might be hard letting go of a well researched stock that hasn’t been performing well. Being able to exit a trade that has gone south can be a portfolio saver in the long run.

This article is informational purposes only and should not be considered a recommendation to buy or sell Wynn Resorts, Limited. 

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