Wynn Resorts (WYNN) Stock Moves -0.11%: What You Should Know

This story originally appeared on Zacks

In the last trading session, Wynn Resorts (WYNN) closed at $84.55, posting a move of -0.11% from the day before. This move was narrower than the S&P 500’s daily loss of 0.41%. Meanwhile, the Dow Jones Index lost 0.01%, and the tech-heavy Nasdaq gained 0.13%.

– Zacks

Heading into the day, casino operator shares have lost 3.3% over the past month, trailing the consumer discretionary sector’s 2.75% loss and the S&P 500’s 2.36% gain in that time.

Investors are hoping for some strength from Wynn Resorts as it nears its next earnings release. In this report, analysts expect Wynn Resorts to generate earnings of $1.20 per share. This represents an annual growth of 51.02%. Meanwhile, our latest consensus estimate calls for revenue of $1.03 billion, an increase of 50.13% over the prior year quarter.

It’s also important to note recent changes in analyst estimates for Wynn Resorts. Recent reviews tend to reflect the latest near-term business trends. As such, positive rating reviews reflect the analyst’s optimism about the company’s business and profitability.

Our research shows that these discretionary changes are directly correlated with near-term stock prices. Investors can take advantage of this using Zacks Rank. This model takes into account these changes in grading and provides a simple and actionable rating system.

Ranging from #1 (strong buy) to #5 (strong sell), the Zacks Rank system has a proven and externally audited track record of outperforming, with the #1 stock returning an average of +25% annually since 1988. Over the past month, Zacks Consensus EPS estimate is down 33.1%. Wynn Resorts ranks Zacks 3rd (Hold) at the moment.

The gaming industry is part of the consumer appreciation sector. The industry currently has a Zacks Industry Rating of 178, which places it in the lowest 31% of all 250-plus industries.

The Zacks Industry Ranking measures the strength of our individual industry groups by measuring the average Zacks rating of the individual stocks within the groups. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to keep track of all these stock movement metrics and more in upcoming trading sessions.

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