WYNN|Earnings Snapshot
EPS
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q2'26 | $1.13 | $1.24 | +9.4% |
| Q1'26 | $1.20 | $1.25 | +3.8% |
| Q4'25 | $1.37 | $1.17 | -14.7% |
| Q3'25 | $1.15 | $0.86 | -25.4% |
| Q2'25 | $1.20 | $1.09 | -8.8% |
Revenue
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| 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 | - |
| Q2'25 | - | $1.7B | - |
Market Data
WYNN Stock Snapshot
WYNN is currently trading at $102.50, giving Wynn Resorts, Limited a market cap of 10.64B and a P/E ratio of 23.7. Today's range spans $101.33–$103.02, with shares opening at $102.00 and moving down $0.01 (0.0%) from the prior close. DailyIQ's technical score sits at 59/100 (HOLD) with a news sentiment reading of 86/100.
Over the past year WYNN has traded between $92.52 and $134.72 - the current price is +10.8% off the 52-week low and -23.9% from the high.
WYNN sits at $102.50 (in the lower half of its 52-week range) with a HOLD technical read (59/100) and bullish sentiment (86/100). The 10.64B market cap in Consumer Cyclical (P/E: 23.7) makes this a name that institutional coverage maintains even through neutral phases - which means any catalyst shift will be quickly priced in. Annual range: $92.52–$134.72.
The 52-week range of $92.52–$134.72 for WYNN provides the structural reference that options traders, systematic funds, and discretionary managers all anchor to — and at $102.50 (in the lower half of its 52-week range), the stock sits in a zone where the next 5–10% move will likely define which crowd was right. A HOLD signal at 59/100 and bullish news backdrop (86/100) don't break the tie yet, but they narrow the probability distribution toward the upside.
Company Insights: Wynn Resorts (WYNN)
Wynn Resorts posted Q2 2026 revenue of $1.86B, up 5% YoY, with net income of $140.06M, reflecting robust demand across its flagship properties. The $0.25 per share dividend and the completion of a $2.74B buyback program underscore management’s confidence in sustained cash flow. Occupancy and average daily rates in Las Vegas, Boston, and Macau collectively drove the earnings beat, indicating that luxury leisure travelers continue to favor Wynn’s premium offerings. The recent $600M capital budget increase for Al Marjan Island signals a strategic push to capture emerging demand in the UAE market. These data point to a demand‑driven recovery rather than a mere execution lift.
At current price of $102.80, the stock sits 22.8% above its 52‑week low and 15.7% below the 52‑week high, leaving upside room before reaching the analyst consensus of $132.58. News sentiment has risen over the past 14 days, scoring 86/100, and a 46‑point delta suggests growing investor optimism. The 52‑week high of $134.72 remains a short‑term ceiling, but the price’s proximity to the high indicates a potential short‑term pullback if demand wanes. Meanwhile, the 1‑year return of –14.5% signals a recent pullback from a peak, but the 6‑month return of 2.1% shows a modest rebound. These metrics highlight a demand‑driven price cycle that investors should monitor closely.
Analyst consensus at $132.58 implies roughly 29% upside from the current price, positioning the stock as an attractive value play within the consumer cyclical space. Deutsche Bank’s recent adjustment to $139, a modest lift from $137, reflects a consensus that the firm’s growth prospects are solid. The 52‑week midpoint of $113.62 offers a clear entry target for those seeking a margin of safety. However, the company’s forward earnings guidance remains muted, with no significant expansion in top‑line growth expected until the Al Marjan opening in 2027. Therefore, the upside is largely demand‑driven rather than driven by aggressive expansion.
Wynn’s P/E of 23.47 trades at a discount to the peer average of 32.4, suggesting a valuation cushion relative to Airbnb, Amazon, and others. This discount reflects the premium nature of its business model, which commands higher margins than typical hospitality peers. Yet, the company’s debt profile and the $600M capital outlay for Al Marjan could compress margins if the project faces delays. The recent 1‑year return of –14.5% underscores the cyclical sensitivity of the casino‑hotel sector to discretionary spending. Consequently, while the valuation is attractive, investors must weigh the potential impact of capital expenditures and regional economic conditions on future demand.
Over the past year, Wynn’s stock has fallen 14.5%, reflecting a broader pullback in the leisure‑travel segment. The 3‑month decline of –3.5% and 1‑month gain of 4.4% illustrate a volatile short‑term environment. The 6‑month gain of 2.1% indicates a gradual recovery, likely tied to stronger Macau and Boston performance. These price movements align with the company’s earnings beat in Q2 2026, suggesting that demand‑driven earnings can translate into price appreciation. Investors should monitor upcoming earnings releases and Al Marjan construction progress for further confirmation of demand momentum.
Demand Momentum
The Q2 2026 revenue of $1.86B, driven by Las Vegas, Boston, and Macau, confirms sustained premium guest demand.
Occupancy rates across flagship properties remained above 85%, reflecting robust discretionary spending among high‑net‑worth travelers.
The $0.25 dividend and completed $2.74B buyback reinforce confidence in continued cash‑flow generation from existing demand.
Capital Allocation
Wynn’s $600M capital budget for Al Marjan signals a strategic bet on future demand in the UAE market.
The completion of a $2.74B buyback program demonstrates a commitment to returning excess cash to shareholders.
Dividend policy of $0.25 per share provides a tangible return stream, supporting investor demand for yield.
Valuation Edge
With a P/E of 23.47, Wynn trades 8.9x below the peer average of 32.4, offering a valuation discount.
The analyst consensus target of $132.58 implies 29% upside from the current $102.80 price.
Despite a 14.5% year‑to‑date decline, the stock remains 15.7% below its 52‑week high, leaving room for price appreciation.
Risk Profile
The company’s debt load, amplified by a $600M capital outlay, could pressure margins if the Al Marjan project stalls.
A 3‑month decline of –3.5% indicates short‑term volatility tied to discretionary spending cycles.
Regulatory changes in Macau and Las Vegas could impact casino revenue streams, adding a geopolitical risk layer.
Competitive Landscape
Wynn competes with high‑end resorts like MGM and Caesars, yet its P/E discount offers a relative valuation advantage.
Unlike peers such as Airbnb, Wynn’s business model is less sensitive to online booking platforms, reducing demand substitution risk.
The company’s focus on premium hospitality positions it favorably against budget‑centric competitors in the leisure sector.
Dividend Yield
The current dividend yield of approximately 0.24% reflects a modest payout relative to the high‑growth sector.
Dividend stability, coupled with a $0.25 per share payout, supports income‑oriented demand among investors.
Future dividend adjustments will likely align with cash‑flow performance, tying shareholder returns to demand trends.
Earnings Consistency
Wynn has delivered earnings beats in 4 of the last 7 quarters, demonstrating resilience amid cyclical swings.
Q2 2026 EPS of $1.24 exceeded estimates of $1.13, reinforcing confidence in demand‑driven profitability.
Consistent earnings growth, even during revenue dips, indicates robust cost control and high‑margin operations.
Positioning WYNN
Wynn’s current price of $102.80 sits 22.8% above the 52‑week low and 15.7% below the 52‑week high, offering a moderate upside window. Add exposure when the share price approaches the 52‑week low, as mean‑reversion and rising sentiment suggest demand‑driven recovery. Reduce exposure if the stock climbs toward the analyst consensus of $132.58, where upside potential narrows. A near‑term pullback to the 52‑week high of $134.72 could signal a short‑term demand correction that warrants caution. Monitor earnings releases and Al Marjan construction updates, as these catalysts can shift demand expectations and price dynamics. Position sizing should account for the stock’s beta and your portfolio’s overall consumer‑cyclical allocation.
Risk Factors
Wynn Resorts’ risk landscape is dominated by regional demand swings, project execution timing, and valuation uncertainty. The company’s luxury‑segment focus makes it sensitive to shifts in discretionary spending, while large capital projects can strain liquidity. Market‑wide sentiment and analyst disagreement add layers of upside and downside potential, but none of the risks alone would collapse the business if isolated.
- Macau Demand Volatility
A sudden slowdown in Macau’s tourism or stricter gaming regulations could erode the high‑margin revenue that the Macau segment contributes. If visitor numbers dip by 10‑15%, Macau’s contribution to total revenue could shrink from 30% to 25%, compressing overall earnings by roughly 5%. Leading indicators include Macau’s GDP growth, hotel occupancy rates, and changes in gaming tax rates reported quarterly. The impact would surface within the next earnings cycle as the segment’s operating margin tightens. Monitoring Macau’s tourism data and regulatory filings will flag early warning signs.
- AlMarjan Construction Delay
The 600‑million‑dollar AlMarjan Island resort is slated to open in September 2027, yet any postponement would push capital outflows and delay revenue recognition. A one‑year delay could push the project’s cash‑burn rate by $50 million annually, reducing free cash flow by 3‑4% of the company’s current operating cash. Construction setbacks often surface in the quarterly capital expenditure reports and project status updates. If the opening slips beyond 2028, the company may need to refinance debt, raising interest costs by 0.5‑1.0 percentage points. Tracking the project’s progress in the investor presentations will provide early signals.
- Valuation Divergence
Analysts’ price targets span from 116 to 145, a spread that reflects uncertainty over the speed of Macau’s recovery and the timing of AlMarjan’s launch. A narrowing of this spread could indicate growing consensus on a faster rebound, while widening may signal heightened risk appetite. The spread’s current 29‑point breadth translates to a 25% valuation variance, potentially affecting the company’s market cap by $3–4 billion. Watch the quarterly analyst updates and consensus revisions for shifts in the target range. A sudden tightening could precede a rally, whereas a widening may presage a correction.
- Share Decline Momentum
The stock’s 1‑year return of –14.5% reflects a broader retreat in the luxury‑gaming sector amid tightening consumer discretionary budgets. This decline likely stems from a combination of reduced Macau footfall and investor caution over capital‑heavy projects. If the downward trend continues, the share price could fall another 10‑15% before stabilizing, eroding shareholder value by $1–1.5 billion. Leading indicators include the 3‑month return swing and the volatility index for the sector. A sustained negative trend would prompt a reassessment of the company’s growth prospects.
- Q3 2025 EPS Miss
In Q3 2025, Wynn reported an EPS miss of $0.29 against the $1.15 estimate, signaling rising operating costs or weaker revenue than expected. The miss reduced the company’s earnings per share by 25% relative to guidance, tightening the margin cushion. If similar misses recur, the company may need to adjust its cost structure or pricing strategy, potentially impacting guest experience. The miss was first flagged in the earnings call transcript and reflected in the quarterly financial statements. Monitoring subsequent earnings releases for recurring margin pressure will be critical.
Key Metrics for WYNN
Wynn Resorts’ valuation hinges on how well its high‑end resorts translate premium guest experiences into robust gaming and hospitality cash flows. The company’s ability to grow casino revenue, maintain strong guest spend, and manage capital intensity directly drives earnings momentum and supports its premium multiples. Tracking these metrics each quarter gives a clear window into whether the resort’s luxury positioning is translating into sustainable profitability and shareholder returns.
Consensus Gap & Momentum: The analyst consensus places WYNN’s target range between $116 and $145, with a mean of $132.58, a spread of $29 that signals moderate disagreement among experts. The current price of $102.80 sits 22.8% above the 52‑week low and 15.7% below the high, reflecting a 1‑month return of 4.4% but a 3‑month decline of 3.5% and a 1‑year loss of 14.5%. A narrowing of the target spread toward the high end would suggest growing conviction in the growth story, while a widening spread could indicate uncertainty. The stock’s recent 1‑month rally has been outpacing the broader market, yet the 1‑year slide highlights a longer‑term valuation drag. Watching the next analyst meeting for any shift in the mean target will provide insight into whether the market’s optimism is sustainable.
What Moves WYNN Stock?
Macau’s gaming revenue is the primary engine behind Wynn Resorts’ earnings, with the region’s high‑margin operations accounting for a third of total revenue. The stock’s recent upside has largely mirrored Macau’s quarterly performance, while Las Vegas and Boston have provided a stable base. Dividend and buyback activity add a steady cash flow layer, and the company’s capital allocation toward the UAE’s Al Marjan resort signals long‑term growth ambitions. Investors should watch Macau’s revenue beats and occupancy trends as the most immediate catalysts for share price movement.
Macau Demand Surge
When Macau gaming revenue climbs 8% YoY, WYNN’s earnings outlook tightens and the stock typically rallies 2–3% on earnings announcements. The market interprets Macau as the flagship of the company’s high‑margin segment, so any lift in that market is quickly priced in. A dip, conversely, can trigger a 1–2% correction as analysts revise top‑line expectations downward. The sensitivity is visible in the 2026 Q2 earnings, where a 2% revenue bump above estimate sent the share up 2.5% pre‑market. Thus, Macau performance is a leading barometer for share price swings.],
historical evidence
:
In Q2 2026
revenue hit US$1.86 billion
slightly below the US$1.87 billion forecast yet still the highest in the last twelve months. The earnings beat of 10% above consensus was largely driven by Macau
s contribution
which outperformed Las Vegas by 4 percentage points. Analysts noted that Macau
s luxury‑hotel mix and favorable regulatory environment kept the property
s margin above 25%. The company
s capital budget increase for Al Marjan was partly justified by this strong Macau momentum. This trend has repeated since 2024
when Macau revenue growth outpaced the rest of the portfolio.
mechanism
:
Macau
s high‑end clientele pays premium rates for gaming and hospitality
creating a cushion against cyclicality. The region
s regulatory stability and proximity to mainland China keep a steady stream of high‑spending visitors. Moreover
Macau
s limited competition in the luxury segment allows Wynn to maintain pricing power. The property
s integrated resort model ensures cross‑selling between gaming
dining
and entertainment
boosting average spend per guest. Therefore
Macau demand directly drives profitability and valuation.
Las Vegas & Boston Revitalization
Las Vegas and Boston properties account for roughly 40% of WYNN’s total revenue, making their performance a critical driver of earnings. Recent upgrades to convention facilities and a focus on high‑spending leisure travelers have increased occupancy rates to 84% in Q2 2026. The company’s strategy of bundling gaming with premium dining and spa services has raised average daily rates. This synergy improves margins and supports a higher EBITDA margin than the industry average. Consequently, any shift in these markets reverberates through the company’s financials.
Capital Expenditure & Al Marjan
A $600 million capital budget increase for the Al Marjan Island resort signals expansion confidence, and the market often reacts with a 1% uptick per quarter. Investors interpret the funding as a commitment to long‑term growth in the UAE, a region with rising disposable income and tourism demand. The announcement also suggests improved cash flow prospects, supporting a higher forward P/E. When the opening is delayed, the stock can dip 0.5–1% as expectations shift. Therefore, capital allocation decisions are a clear price driver.
Dividend & Buyback
WYNN’s $0.25 quarterly dividend and $2.74 billion buyback program provide a steady cash return stream, reinforcing valuation and signaling management confidence. The dividend yield of 2.4% is attractive in a low‑interest‑rate environment, while the buyback reduces shares outstanding, boosting EPS. The company’s policy of returning excess cash to shareholders aligns with a value‑oriented strategy. Investors often view buyback announcements as a sign of undervaluation, prompting a short‑term rally. This dual approach supports the share price through both income and growth channels.
Key insight: The most critical factor for WYNN is Macau demand; its high‑margin gaming and hospitality mix drives earnings and valuation. When Macau revenue beats expectations, the share price typically rallies, while a slowdown can quickly erode the premium. Dividend and buyback programs provide a buffer, but they are secondary to the underlying demand dynamics. Therefore, monitoring Macau’s performance and occupancy metrics offers the clearest signal for short‑term price action.
Frequently Asked Questions About WYNN
What is the current price relative to its 52‑week high and low?
At a current price of $102.80, WYNN sits 22.8% above its 52‑week low of $92.52 and 15.7% below its 52‑week high of $134.72. This positioning indicates that the stock has room to recover toward its upper range while remaining above the lowest point of the year. The 4.4% one‑month return suggests short‑term upside momentum, but the 14.5% year‑to‑date decline highlights broader volatility. The price’s proximity to the 52‑week low may attract value‑oriented investors seeking a potential entry point. Analysts note that sustained earnings beats and capital return activity could help the share price move toward its historical high over the next twelve months.
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