Should You Expect A Quick Recovery From Wynn Resorts Ltd. (NASDAQ: WYNN) After -21.31% Decline From High?


Wynn Resorts Ltd. (NASDAQ:WYNN)’s traded shares stood at 2.36 million during the last session, with the company’s beta value hitting 1.85. At the close of trading, the stock’s price was $92.53, to imply a decrease of -1.05% or -$0.98 in intraday trading. The WYNN share’s 52-week high remains $112.25, putting it -21.31% down since that peak but still an impressive 11.76% since price per share fell to its 52-week low of $81.65. The company has a valuation of $10.37B, with an average of 1.64 million shares over the past 3 months.

Wynn Resorts Ltd. (NASDAQ:WYNN) trade information

After registering a -1.05% downside in the last session, Wynn Resorts Ltd. (WYNN) has traded red over the past five days. The stock hit a weekly high of 96.76, dropping -1.05% in its intraday price action. The 5-day price performance for the stock is -4.20%, and -4.59% over 30 days. With these gigs, the year-to-date price performance is 1.56%.

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Wynn Resorts Ltd. (WYNN) estimates and forecasts

Looking at statistics comparing Wynn Resorts Ltd. share performance against respective industry, we note that the company has outperformed competitors. Wynn Resorts Ltd. (WYNN) shares are 6.28% up over the last 6 months, with its year-to-date growth rate higher than industry average at 36.10% against 7.40%. The rating firms project that company’s revenue will grow 12.30% compared to the previous financial year.

Revenue forecast for the current quarter as set by 13 analysts is 1.77B. Meanwhile, for the current quarter, a total of 13 analyst(s) estimate revenue growth to 1.8B.Earnings reports from the last fiscal year show that sales brought in 1.54B and 1.67B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 15.10% before jumping 7.50% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 3.40% for the past 5-year period. While 2024 is set for a 37.44% return in earnings, projections for the next 5 years are at 7.90% annually.

WYNN Dividends

Wynn Resorts Ltd. has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Wynn Resorts Ltd. has a forward dividend ratio of 1.00, with the share yield ticking at 1.08% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.