Wynn Resorts, Limited (NASDAQ:WYNN) is reporting second quarter financial results on Tuesday 4th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, WYNN is expected to report 2Q20 loss of $ 4.98 per share from revenue of $ 212.17 million.
For the full year, analysts anticipate top line of $ 3273.90 million, while looking forward to loss of $ 11.61 per share bottom line.
Previous Quarter Performance
Wynn Resorts, Limited posted loss for the first quarter of $ 3.54 per share, from the revenue of $ 953.72 million. The quarterly earnings up 7.32 percent compared with the same quarter last year. Street analysts expected $ 1,080.00 million. The bottom line results street analysts by $ 0.02 or , at the same time, top line results fell short of analysts by $ 126.28 million or 11.69 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of WYNN was $ 73.05, representing a 103.82 % increase from the 52 week low of $ 35.84 and a 52.38 % decrease over the 52 week high of $ 153.41.
The company has a market capital of $ 7.88 billion and is part of the Consumer Cyclical sector and Resorts & Casinos industry.
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Conference Call
Wynn Resorts, Limited will be hosting a conference call at 4:30 PM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.wynnresorts.com
Wynn Resorts, Limited owns and operates destination casino resorts. As of February 20, 2019, the companys Wynn Palace segment had approximately 424,000 square feet of casino space, which offered 320 table games and 1,041 slot machines, private gaming salons, and sky casinos; a luxury hotel towers with 1,706 guest rooms, suites, and villas; 13 food and beverage outlets; 106,000 square feet of retail space; 37,000 square feet of meeting and convention space; recreation and leisure facilities comprising a gondola ride, health club, spa, salon, and pool; and public attractions, such as performance lake and floral art displays. Its Wynn Macau segment had approximately Wynn Macau square feet of casino space that offers 317 table games and 810 slot machines, private gaming salons, sky casinos, and a poker pit; 2 luxury hotel with a total of 1,008 guest rooms and suites; 11 food and beverage outlets; 59,000 square feet of retail space; 31,000 square feet of meeting and convention space; recreation and leisure facilities, including a 2 health clubs, spas, a salon, and a pool; and Chinese zodiac-inspired ceiling along with gold prosperity tree and dragon of fortune attractions.
