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Wynn Resorts (WYNN) reported $1.69 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 1.3%. EPS of $0.90 for the same period compares to $0.99 a year ago.
The reported revenue represents a surprise of -2.39% over the Zacks Consensus Estimate of $1.73 billion. With the consensus EPS estimate being $1.17, the EPS surprise was -23.08%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Wynn performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
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Room occupancy rate - Wynn Las Vegas: 89% compared to the 89.9% average estimate based on four analysts.
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Table Drop - Las Vegas Operations: $580.80 million versus the four-analyst average estimate of $597.84 million.
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Average daily room rate - Wynn Las Vegas: $495 versus $502.85 estimated by four analysts on average.
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Slot Machine Handle - Las Vegas Operations: $1.70 billion compared to the $1.62 billion average estimate based on four analysts.
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Operating revenues- Las Vegas Operations: $607.17 million compared to the $619.31 million average estimate based on five analysts. The reported number represents a change of -1.9% year over year.
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Operating revenues- Encore Boston Harbor: $214.12 million versus $211.79 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +1.8% change.
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Operating revenues- Macau Operations: $871.75 million versus $891.47 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
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Operating revenues- Wynn Macau: $351.96 million versus the four-analyst average estimate of $344.04 million. The reported number represents a year-over-year change of +19.3%.
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Operating revenues- Wynn Palace: $519.79 million versus $553.43 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1% change.
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Las Vegas Operations- Operating revenues- Rooms: $187.12 million versus $194.81 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +4.8% change.
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Encore Boston Harbor- Operating revenues- Rooms: $24.74 million versus the three-analyst average estimate of $25.77 million. The reported number represents a year-over-year change of -0.4%.
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Encore Boston Harbor- Operating revenues- Casino: $158.74 million versus $155.15 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1.8% change.