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WYNN·Wynn Resorts, Limited

$81.67
-1.30 (-1.57%)
Market Closed (Overnight)$82.01+0.34 (+0.42%)
High
$84.02
Open
$82.75
Market Cap
9.03B
52W High
$134.72
Low
$81.35
P. Close
$81.67
P/E
20.12
52W Low
$81.40
Fwd P/E
15.85
DailyIQ Est.
$135.48
Inst. Ownership
0.0%
Short Interest
8.19%
Days to Cover
5.9
Technical Score (1D)
5
SELL
News Sentiment
41
BEARISH
Wynn Resorts’ latest earnings report shows a 2.1 % annual decline in revenue over the past two years, a clear sign that the company’s market share is eroding. The decline in top line growth has pushed free‑cash‑flow margins down to 10.7 %, which limits the firm’s ability to fund new projects, execute buybacks or raise dividends. Coupled with a net‑debt‑to‑EBITDA ratio of 5×, the company faces heightened risk of forced asset sales or dilutive financing if performance weakens further. These financial pressures suggest that investors seeking stable returns should adopt a sell stance, as the company’s capital allocation options are constrained. Over the next 1–10 trading days, the market will likely react to any further guidance on capital expenditures or debt‑management plans. Watch for management’s commentary on potential cost‑cutting initiatives or strategic divestitures, as these moves could alleviate liquidity concerns. Also monitor any updates on the company’s debt‑repayment schedule, which could influence credit spreads. Finally, keep an eye on broader casino‑industry sentiment, as a shift in consumer discretionary spending could either exacerbate or mitigate the revenue decline.
Earnings Summary
Wynn Resorts, Limited operates high‑end integrated resorts in key markets, offering luxury hotels, gaming, retail and dining across its Wynn Palace, Wynn Macau, Las Vegas Operations and Encore Boston Harbor segments, positioning it within the consumer cyclical resorts & casinos sector. In Q4 2024 the company posted revenue of $1.838 billion and EPS of $2.42, comfortably beating the $1.27 estimate, while Q1 2025 revenue fell to $1.700 billion and EPS dipped to $1.07 versus a $1.24 estimate, reflecting a modest revenue decline and a slight EPS miss. The following quarter, Q2 2025 revenue rose to $1.738 billion and EPS to $1.09, a small rebound but still below the $1.20 estimate; Q3 2025 revenue climbed to $1.833 billion with EPS at $0.86, again below expectations. In Q4 2025 revenue reached $1.866 billion, surpassing the $1.800 billion estimate, and EPS of $1.17 beat the $1.37 forecast, indicating a reversal in earnings performance. Q1 2026 revenue of $1.856 billion matched the $1.860 billion estimate and EPS of $1.25 exceeded the $1.20 estimate, while Q2 2026 revenue of $1.856 billion fell short of the $1.878 billion estimate and EPS of $1.24 beat the $1.13 forecast. Historically, Wynn has shown a YoY revenue growth trajectory that has slowed to around 2.1 % over the past two years, with EPS growth fluctuating and often missing analyst estimates, yet revenue has consistently met or exceeded forecasts in recent quarters. Recent news highlights a $900 million private offering of senior notes due 2035 to refinance maturing 2027 debt, tightening the debt maturity profile and reducing long‑term interest expense; this refinancing could improve liquidity and free‑cash‑flow margins, potentially supporting future capital expenditures or shareholder returns. Investors should watch the closing timeline of the private offering and any subsequent changes to coupon or covenants, as well as how the improved debt profile may influence the company’s ability to fund expansion or adjust guidance in the next earnings cycle.}}

EPS

EstBeatMiss
$0.78$0.95$1.12$1.28$1.45Q2'25Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$0.92 - -
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

EstBeatMiss
$1.7B$1.8B$1.8B$1.9B$1.9BQ2'25Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$1.9B - -
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

SELL5/100
$82.01+$0.34 (0.4%)
Market cap
9.03B
P/E ratio
20.1
Day range
$81.35 – $84.02
News sentiment
41/100 · Neutral
Analyst target
$132.00 (+61.0%)
Consensus
Buy · 30 analysts
52-week range+0.7% off low · -39.1% from high
$81.40$134.72
Price $82.01 DailyIQ Est. $135.48

Wynn Resorts, Limited is trading near its 52-week low 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?

FAIR

At today's price, Wynn Resorts, Limited needs to grow free cash flow about 6.1% a year for the next 10 years to justify its valuation at a 7.20% cost of capital. Over its actual history it has compounded free cash flow at 4.8% a year, so the market is asking for 1.2 percentage points above its own delivered rate. On that basis WYNN looks priced roughly in line with its own growth record.

Implied FCF growth
6.1%
Historical FCF CAGR
4.8%
Growth gap
+1.2 pts
Verdict
FAIR
Discount rate (WACC)
7.20%
Beta
1.03

Behaviour On Record

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

Realized volatility (21d)
19.9% 4th pct
Below its peak
-67.1%
vs 200-day average
-22.7%
Up days (1y)
42%

Wynn Resorts, Limited is currently running 19.9% 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 4th percentile unusually subdued by its own history, against a typical reading of 35.9%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

WYNN is trading -67.1% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -37.7%, 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 -22.7% from its 200-day moving average. Against every other day in its history, that gap ranks at the 16th percentile a narrower gap than it typically runs. Over the past year WYNN closed higher on 42% of sessions, and it is currently 8 sessions into a falling streak.

On September specifically: over 13 years of records, WYNN finished the month higher 7 of 13 times, with a median return of +1.4% and an average of -3.2%. Its strongest month historically has been February at +4.4% on average, its weakest March at -3.9%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: WYNN has opened more than 2% away from the prior close in 202 of 3,267 sessions (6.2% of the time), with the largest gaps running +11.1% and -14.9%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

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 3,268 daily closes between 2013-09-20 and 2026-09-18, 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 10th of 11 GICS sectors by relative-strength rotation score (improving).

Sector rank
#10 of 11
Sector state
Improving
Sector rotation score
10

Options Market

What is the options market pricing for WYNN?

CallsPuts

For Wynn Resorts, Limited's nearest expiry (2026-09-25, 5 days out), open interest is roughly balanced between puts and calls (put/call ratio of 1.08), with at-the-money implied volatility around 38.7%. The options market is pricing roughly a ±5.5% move by that expiry — a range of about $80.20–$89.44.

Put/call ratio (2026-09-25)
1.08
ATM implied volatility
38.7%
Total open interest
2,668
Expected move by 2026-09-25
±5.5% ($80.20–$89.44)

Analyst Rating Changes

Are analysts turning bullish or bearish on WYNN?

UBS most recently reiterated its rating on Wynn Resorts, Limited to Buy on Sep 11, 2026 with a price target of $138 (from $145). Over the last 90 days, coverage has run 0 upgrades against 0 downgrades, a net mixed lean.

Latest action
UBSBuy
90-day upgrades
0
90-day downgrades
0
Net rating momentum
0
DateFirmActionRatingPrice target
Sep 11, 2026UBSMaintainedBuy$145 → $138
Sep 2, 2026Wolfe ResearchInitiatedOutperform$128
Aug 6, 2026Argus ResearchMaintainedBuy$115 → $130
Aug 5, 2026MacquarieMaintainedOutperform$143
Aug 5, 2026Wells FargoMaintainedOverweight$141 → $131
Aug 5, 2026BarclaysMaintainedOverweight$134 → $136
Jul 28, 2026MizuhoMaintainedOutperform$133 → $125
Jul 16, 2026StifelMaintainedBuy$150 → $140
Jul 15, 2026JP MorganMaintainedOverweight$135 → $134
Jul 14, 2026Wells FargoMaintainedOverweight$142 → $141
Jul 9, 2026BarclaysMaintainedOverweight$139 → $134
Jul 8, 2026Truist SecuritiesInitiatedBuy$125

WYNN Competitive Positioning

Wynn Resorts, Limited (WYNN) is tracked alongside these names in Resorts & Casinos on DailyIQ — ranked by market cap, with today's move alongside.