DailyIQ
DailyIQ
Last updated1 minute ago

WYNN·Wynn Resorts, Limited

$83.98
+4.66 (+5.87%)
High
$84.40
Open
$78.10
Market Cap
8.54B
52W High
$134.72
Low
$76.94
P. Close
$83.98
P/E
19.03
52W Low
$70.79
Fwd P/E
17.95
DailyIQ Est.
$126.14
Inst. Own.
64.5%
Short Interest
9.78%
Days to Cover
4.8
Div. Yield
1.29%
Next Ex-Div
~Nov 12
NewEarnings release, scored · filed Nov 5, 2026tone -20.2 vs prior release · 70 lines scoredSee the breakdown
Technical Score (1D)
10
BEARISH
News Sentiment
42
BEARISH
On Nov 6, Truists reduced its price target for Wynn Resorts to $108 from $110 while maintaining a buy rating, indicating a modest short‑term headwind but a still positive outlook based on stable earnings prospects and a solid dividend policy. On Nov 6, the company held its third‑quarter 2026 earnings call, where management described the quarter as complicated and cited ongoing headwinds that impacted performance, but no material guidance changes were announced. On Nov 6, the earnings call highlights noted a 3% rise in RevPAR and ADR in Las Vegas, an 8% increase in retail lease revenues, and that group and convention business for 2027 is already ahead of 2026 and 2025 levels, while headwinds from a summer market slowdown in Las Vegas, a labor strike in Boston, and a soft September in Macau modestly impacted EBITDA. On Nov 5, Wynn Resorts reported Q3 2026 revenue of $1.69 billion, a 7.9% decline year‑on‑year and 3.8% below analyst expectations, and non‑GAAP earnings per share of $0.33, 44.5% below consensus estimates. On Nov 5, the company also disclosed that operating revenue fell to $1.69 billion from $1.83 billion, below the $1.75 billion forecast, and that adjusted earnings of $0.33 per diluted share missed the $0.52 consensus and the $0.86 year‑ago figure.
LOW TARGET
$102 +21.5%
1 analysts
MEAN TARGET
$122 +44.9%
14 analysts
HIGH TARGET
$138 +64.3%
16 analysts
PRICE RANGE
$102.00 - $138.00
SB / B / H / S / SS
8/20/1/1/1
DAILYIQ EST.
$126.14 (+50.2%)
Sector
Consumer Cyclical
Industry
Resorts & Casinos
Exchange
NMS
Country
United States
Symbol
WYNN
Description
Wynn Resorts, Limited is a developer and operator of high-end integrated resorts, strategically positioned in key markets. The company's core business revolves around providing a comprehensive entertainment experience, encompassing luxury hotels, diverse gaming options, and high-end retail and dining establishments. Wynn Resorts operates through four primary segments: Wynn Palace and Wynn Macau, both located in Asia, and Las Vegas Operations and Encore Boston Harbor in the United States. These properties are designed to attract a discerning clientele, offering a range of amenities including spas, convention spaces, and unique attractions like performance lakes and floral displays, all aimed at delivering a premium guest experience. Incorporated in 2002 and headquartered in Las Vegas, Nevada, Wynn Resorts aims to provide a sophisticated and immersive entertainment environment.
Bought (1Y)
0 shares
$0
Sold (1Y)
4,959,071 shares
$19.0M
FERTITTA TILMAN J-
Sell200,000 shares2026-11-04
FERTITTA TILMAN J-
Sell580,000 shares2026-11-03
FERTITTA TILMAN J-
Sell20,000 shares2026-11-02
FERTITTA TILMAN J-
Sell600,000 shares2026-10-30
FERTITTA TILMAN J-
Sell300,000 shares2026-10-26
62/ 100
Neutral / mixed
Overall: Neutral
✓Revenue growing year over year
✓Positive net margin
✓Positive operating cash flow
Net Margin
4.6%
Revenue CAGR
5.3%
Current Ratio
1.63x
Debt / Equity
-38.28x
Return on Equity
-118.8%
Earnings Summary
In the most recent two quarters (Q3 2026 and Q4 2026), revenue fell from $1.69 billion to a projected $1.98 billion, a 7.9 % YoY decline in Q3 followed by a modest 4.0 % increase in Q4, while EPS dropped sharply from $0.33 to an estimated $1.20, reflecting a 43 % YoY decline in Q3 and a 15 % YoY increase in Q4; both quarters missed analyst EPS estimates, with Q3 missing by 43 % and Q4 projected to miss by 0.2 %. Historically, the company has shown a pattern of revenue growth in Q4 versus Q3, yet EPS has been volatile, with Q3 2025 and Q3 2026 both missing estimates, while Q4 2025 and Q4 2026 have generally beat or narrowly missed estimates, indicating a cyclical profitability trend tied to seasonal demand. Recent news highlights that the Q3 2026 earnings miss was attributed to a material decline in profitability and operating revenue falling below forecasts, with after‑hours trading reflecting a modest negative impact; analysts noted that cost pressures and shifting gaming trends could influence future results.

EPS

EstBeatMiss
$0.17$0.51$0.85$1.19$1.53Q3'25Q4'25Q1'26Q2'26Q3'26Q4'26
QtrEstActual+/−
Q4'26$1.20 - -
Q3'26$0.59$0.33-44.5%
Q2'26$0.98$1.24+26.4%
Q1'26$1.20$1.25+3.8%
Q4'25$1.37$1.17-14.7%
Q3'25$1.15$0.86-25.4%

Revenue

EstBeatMiss
$1.6B$1.7B$1.8B$1.9B$2.0BQ3'25Q4'25Q1'26Q2'26Q3'26Q4'26
QtrEstActual+/−
Q4'26$2.0B - -
Q3'26$1.8B$1.7B-5.9%
Q2'26$1.9B$1.9B-1.1%
Q1'26$1.9B$1.9B-0.2%
Q4'25$1.8B$1.9B+3.6%
Q3'25 - $1.8B -

Market Data

WYNN Stock Snapshot

BEARISH10/100
$83.98+$4.66 (5.9%)
Market cap
8.54B
P/E ratio
19.0
Day range
$76.94 – $84.40
News sentiment
42/100 · Neutral
Analyst target
$121.65 (+44.9%)
Consensus
Buy · 31 analysts
52-week range+18.6% off low · -37.7% from high
$70.79$134.72
Price $83.98 DailyIQ Est. $126.14

Wynn Resorts, Limited is trading in the lower half of its 52-week range with momentum still pointing lower. At this size, a single catalyst moves the stock further than it would a larger peer.

Reverse DCF

What growth is priced into WYNN?

CHEAP

At today's price, Wynn Resorts, Limited needs to grow free cash flow about 3.4% a year for 3 years, slowing to a long-run rate by year 10, to justify its valuation at a 6.84% cost of capital. Over the last five years its revenue has trended at 21.2% a year, so the market is asking for 17.8 percentage points below its own delivered rate. On that basis WYNN looks priced below what its own growth record supports.

Implied FCF growth
3.4%
Growth trend
21.2%
Growth gap
-17.8 pts
Verdict
CHEAP
Discount rate (WACC)
6.84%
Beta
1.06

Behaviour On Record

What WYNN's own history says about today's numbers

Realized volatility (21d)
38.6% 57th pct
Below its peak
-66.5%
vs 200-day average
-15.0%
Up days (1y)
42%

Wynn Resorts, Limited is currently running 38.6% annualised volatility over the last 21 sessions. Measured against WYNN's own 13 years of daily returns rather than a market-wide average, that is the 57th percentile — close to its own typical level, against a typical reading of 35.9%.

WYNN is trading -66.5% below its running peak. Across 13 full years on file, its median worst-drawdown-in-a-year was -40.8%, and the deepest was -70.5% in 2020. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began, and where past declines also continued.

Price sits -15.0% from its 200-day moving average. Against every other day in its history, that gap ranks at the 29th percentile — a narrower gap than it typically runs. Over the past year WYNN closed higher on 42% of sessions, and it is currently 6 sessions into a rising streak.

On November specifically: over 13 years of records, WYNN finished the month higher 6 of 13 times, with a median return of -1.3% and an average of +2.4%. Its strongest month historically has been February at +4.4% on average, its weakest March at -3.9%.

Overnight risk is measurable too: WYNN has opened more than 2% away from the prior close in 204 of 3,268 sessions (6.2% of the time), with the largest gaps running +11.1% and -14.9%.

Across the last 3 dated reports on file, WYNN moved an average of 4.4% in the session after earnings, closing higher 1 of those 3 times, with a median move of -1.0% and a largest of +8.8%.

All figures computed from 3,269 daily closes between 2013-11-06 and 2026-11-05, split-adjusted, recomputed daily. Percentiles are against WYNN's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of WYNN's sector?

Wynn Resorts, Limited sits in the Consumer Discretionary sector, currently ranked 5th of 12 GICS sectors by relative-strength rotation score (leading).

Sector rank
#5 of 12
Sector state
Leading
Sector rotation score
91

Options Market

What is the options market pricing for WYNN?

CallsPuts

For Wynn Resorts, Limited's nearest expiry (2026-11-06, 0 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.69), with at-the-money implied volatility around 41.3%.

Put/call ratio (2026-11-06)
0.69
ATM implied volatility
41.3%
Total open interest
12,339

Analyst Consensus Estimates

What do analysts expect WYNN to earn?

Analysts expect Wynn Resorts, Limited to earn $4.32 per share in the fiscal year ending Dec 2026 and $5.46 in the fiscal year ending Dec 2028, from 5 estimates. These are analyst forecasts, not company guidance, and later years rest on fewer analysts.

Quarter endingEPS estimateEPS rangeEPS analystsRevenue estimateRevenue analysts
Sep 2026$0.61$0.24 to $1.2013$1.76B15
Dec 2026$1.11$0.67 to $1.6114$1.93B15
Mar 2027$1.23$1.05 to $1.505~$1.98B-
Jun 2027$1.13$0.95 to $1.405~$1.82B-
Sep 2027$0.87$0.50 to $1.205--
Fiscal year endingEPS estimateEPS rangeEPS analystsRevenue estimateRevenue analysts
Dec 2026$4.32$3.40 to $5.6817$7.41B19
Dec 2027$4.38$3.50 to $5.5710$7.65B19
Dec 2028$5.46$4.40 to $6.595~$8.78B-

Revenue marked ~ is our calculation from the EPS estimate, not analyst consensus.

Analyst Rating Changes

Are analysts turning bullish or bearish on WYNN?

JP Morgan most recently reiterated its rating on Wynn Resorts, Limited to Overweight on Oct 20, 2026 with a price target of $115 (from $134). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action
JP Morgan: Overweight
90-day upgrades
0
90-day downgrades
0
Net rating momentum
0
DateFirmActionRatingPrice target
Oct 20, 2026JP MorganMaintainedOverweight$134 → $115
Oct 20, 2026StifelMaintainedBuy$143 → $120
Oct 20, 2026Truist SecuritiesMaintainedBuy$125 → $110
Oct 19, 2026Morgan StanleyMaintainedOverweight$128 → $120
Oct 19, 2026Wells FargoMaintainedOverweight$131 → $125
Oct 12, 2026CitigroupMaintainedBuy$135 → $103
Oct 9, 2026BarclaysMaintainedOverweight$136 → $128
Oct 7, 2026MacquarieMaintainedOutperform$143 → $132
Sep 11, 2026UBSMaintainedBuy$145 → $138
Sep 2, 2026Wolfe ResearchInitiatedOutperform$128
Aug 6, 2026Argus ResearchMaintainedBuy$115 → $130
Aug 5, 2026MacquarieMaintainedOutperform$143

Earnings Release, Scored

What did Wynn Resorts, Limited's latest earnings release say?

Filed Nov 5, 2026 · SEC Form 8-K, Exhibit 99

Tone48.5/ 100-20.2 vs prior release
Hedging words0.41per 100 words+0.31 vs prior release
Tone, last 3 releasesScale 43–75

Most important lines

  1. 1

    The team at Wynn Al Marjan Island has also made substantial progress with ongoing finishing works occurring throughout the property, including the interior fit-out of all guest rooms, as we move closer to a planned September 2027 opening.”

    New this quarter
  2. 2

    For the third quarter of 2026, operating revenues decreased $51.7 million, $45.8 million, $30.1 million and $17.1 million at Wynn Palace, our Las Vegas Operations, Wynn Macau, and Encore Boston Harbor, respectively, from the third quarter of 2025.

    New this quarterNegative tone
  3. 3

    For the third quarter of 2026, Adjusted Property EBITDAR decreased $44.6 million, $34.5 million, $18.5 million, and $8.3 million at our Las Vegas Operations, Wynn Palace, Wynn Macau, and Encore Boston Harbor, respectively, from the third quarter of 2025.

    Negative tone

Peers & ETF holders

WYNN peers & ETF holders

News & sentiment

What is the news saying about WYNN?

WYNN rose 9.3% over the month to Nov 6. News tone held between 16 and 52 from Oct 6 to Oct 14, then dropped to 0 on Oct 15.

Daily close and news tone, Oct 6 to Nov 6
$75$80$85Oct 6: tone 50Oct 7: tone 16Oct 8Oct 9: tone 53Oct 12: tone 44Oct 13: tone 42Oct 14: tone 42Oct 15: tone 0Oct 16: tone 42Oct 19: tone 33Oct 20: tone 34Oct 21: tone 27Oct 22: tone 50Oct 23: tone 65Oct 26Oct 27: tone 30Oct 28: tone 23Oct 29: tone 9Oct 30Nov 2Nov 3: tone 30Nov 4: tone 71Nov 5: tone 37Nov 6: tone 41Oct 6News toneNov 6123
  1. Oct 15 +4.5%
  2. Nov 4 +5.3%same day: Leisure Q3 Earnings on Nov. 5: How Will LYV, MAT, WYNN & PLNT Fare?
  3. Nov 6 +5.9%same day: Here's What Key Metrics Tell Us About Wynn (WYNN) Q3 Earnings

Technical analysis

How strong is WYNN's momentum right now?

On the daily chart WYNN ranks at the 10th percentile for momentum against 1,060 stocks and ETFs, a bearish reading.

Momentum rank by timeframe0 = weakest, 100 = strongest
See what drives the rankThe inputs behind each timeframe's momentum rank, plus RSI, stochastics, Bollinger Bands and moving averages. Free with an account.

Institutional ownership

Are big funds buying or selling WYNN?

63 of the 148 tracked managers added to WYNN in their latest 13F and 78 trimmed. Together they own 64.5% of the company, worth $6.3B. Capital World Investors and BlackRock alone hold 15.8%.

63adding78trimming7unchanged
Largest holders by stake, latest 13FBar = share of WYNN
  1. $954.7M positionAdded 10.5% last quarter
  2. $609.6M positionAdded 4.7% last quarter
  3. $495.0M positionTrimmed 3.2% last quarter
  4. $453.0M positionTrimmed 0.4% last quarter
  5. $321.4M positionTrimmed 9.2% last quarter
  6. $295.9M positionAdded 2.6% last quarter
  7. $286.7M positionTrimmed 4.5% last quarter
  8. $246.0M positionTrimmed 1.7% last quarter
  9. $232.9M positionAdded 4.9% last quarter
  10. $190.0M positionAdded 12.2% last quarter
Full holdings history

Congressional trading

Is Congress trading WYNN?

4 members of Congress disclosed 8 WYNN trades between Feb 26, 2025 and Mar 27, 2026: 4 buys and 4 sells, about $64.0K in estimated value.

BuysSellsMarMayJulSepNovJan ’26Mar
BuySell$1K–$15K$15K–$50K$50K–$100K$100K–$250K

What stands out

Click one to highlight its trades in the chart

Discover more

How has WYNN done against its peers?

Over the six months to Nov 6, WYNN returned −21.9%. Of the 15 related stocks, 14 did better, led by ABNB at +36.5%.

Change since May 6, through Nov 6
−40%−20%0%+20%+40%May 6JunJulAugSepOctNov 6ABNB +36.5%WYNN −21.9%LVS −23.1%