FMP
Nov 10, 2023 4:08 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 6:49 PM)
Image credit: FMP
Wynn Resorts (NASDAQ:WYNN) saw its shares drop by over 7% intra-day today, despite reporting third-quarter results that exceeded expectations, as well as hospitality workers reaching a tentative labor deal with the company, averting a potential strike at the casino. However, investors remained concerned about the inconsistent recovery in the crucial Macau region.
The company's earnings per share (EPS) for the quarter were $0.99, surpassing the Street estimate of $0.74. Additionally, Wynn Resorts experienced a significant year-over-year revenue increase of 87.9%, reaching $1.67 billion, which was higher than the Street estimate of $1.58 billion.
CEO Craig Billings expressed excitement about the company's performance. He highlighted the outstanding results from Wynn Las Vegas and Encore Boston Harbor, which set a new record for adjusted Property EBITDAR in the third quarter.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...
May 27, 2024 3:30 PM - Rajnish Katharotiya
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...