Wynn Q1 operating revenue beats analyst estimates on Wynn palace growth

Wynn Resorts

07/05/2026 21:13

Overview

U.S. casino operator's Q1 operating revenue rose yr/yr, beating analyst expectations

Adjusted EPS for Q1 beat consensus; adjusted net income slightly missed estimates

Company repurchased $54 mln in stock during Q1

Outlook

Wynn says Wynn Al Marjan Island is expected to open in 2027

Company says it is monitoring Gulf region geopolitical conditions for its UAE project

Result Drivers

WYNN PALACE GROWTH - Q1 revenue and EBITDAR at Wynn Palace rose sharply, driven by higher mass market and VIP table games win percentages

LAS VEGAS MARKET SHARE - Las Vegas operations delivered EBITDAR growth and continued to gain gaming market share, per CEO Craig Billings

MACAU GAMING VOLUMES - Macau saw a meaningful increase in gaming volumes year-over-year, supporting overall results, per CEO Craig Billings

Company press release: ID:nPn8DVJCba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Operating
Revenue
Beat
$1.86 bln
$1.82 bln (16 Analysts)
Q1 Adjusted EPS
Beat
$1.25
$1.18 (13 Analysts)
Q1 EPS
$1.04
Q1 Adjusted Net Income
Miss
$129.70 mln
$131.57 mln (10 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the casinos & gaming peer group is "buy"

Wall Street's median 12-month price target for Wynn Resorts Ltd is $144.00, about 33.9% above its May 6 closing price of $107.57

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)