Wynn Resorts Taking Hits: Look For A Buying Opportunity

Wed, 05/09/2012 - 18:09 EDT - Seeking Alpha

By Tim Plaehn: News concerning Wynn Resorts (WYNN) has been a mixed bag over the last few weeks, with the majority falling on the negative side of the ledger. The stock is an attractive long-term investment due to the company's growth plans in China, but in the shorter term the news may drive the stock price down to levels which make an investment more attractive for long-term investors. Wynn Resorts reported the company's 2012 first quarter results this week. The company reported a 3.7% drop in EBITDA on poor year-over-year results from the company's Las Vegas property. Net income for the quarter was $1.23 per share, down from $1.39 a year earlier and below the Wall Street consensus of $1.41. The Macau property reported a 6.2% increase in EBITDA but the earnings before everything were down 23.6% in Vegas compared to the first quarter of 2011. Next on the bad news front isComplete Story »

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Wynn Resorts: Earnings Scorecard
Zacks.com submits: Wynn Resorts Limited (WYNN), a leading developer, owner and operator of destination casino resorts, posted better-than-expected second quarter 2010 results on July 29, 2010, buoyed by a solid performance from its Macau operations. The recent earnings announcement, subsequent analyst estimate revisions and the Zacks ratings for both the short-term and the long-term are covered in depth below.
Is Las Vegas Sands' Future Hitched To Macau?
By Trefis: Las Vegas Sands (LVS) reported its Q4 2012 results last week and Macau once again was a big driver to growth. Unlike its competitors, Las Vegas Sands hasn’t experienced a slower growth in Macau in spite of a slowdown in the Chinese economy.
Las Vegas Sands Misses, But Improves Considerably Over 2010
Zacks.com submits: Las Vegas Sands Corp. (LVS) recorded adjusted earnings of 37 cents per share in the first quarter of 2011, which fell shy of the Zacks Consensus Estimate of 44 cents but improved considerably from 7 cents reported in the year-earlier quarter.
Why I'm Uber-Bearish on Las Vegas
Kid Dynamite submits: When I go to Vegas, I frequently stay at The Venetian (owned by LVS). However, I'm uber-bearish on Vegas, and recently held short equity positions in Las Vegas Sands and Wynn Resorts (WYNN).
Sell-Side Optimistic On Las Vegas Sands Ahead Of 4Q2012 Earnings Release
By Selerity Research: By Todd M. Overview Las Vegas Sands (LVS) is set to report fourth quarter 2012 earnings on Wednesday, January 30. Results are typically announced a few minutes after the closing bell, followed by a conference call at approximately 4:30 p.m. Eastern Time. Las Vegas Sands operates casino and hotel properties in the United States, Singapore, and Macau, China.
Las Vegas Sands: Macau Results Could Be A Mixed Bag
By Trefis: As Las Vegas Sands (LVS) releases its Q3 2012 earnings on November 1, its performance in the Asian market will be in focus. The company has a strong presence in this region with almost 75% of its valuation coming from hotel and casino businesses in Macau and Singapore.
Wynn Soars on Macau Growth
Zacks.com submits: Wynn Resorts Ltd. (WYNN) reported its fourth-quarter 2010 adjusted earnings of 91 cents per share, handily beating the Zacks Consensus Estimate of 63 cents and well above the year-earlier earnings of 8 cents. On a GAAP basis, net income was $114.2 million or 91 cents per share versus net loss of $5.2 million or 4 cents recorded in the comparable quarter prior year.
Wynn Resorts – All Risk, No Pot
I have tentative plans to play poker at the Wynn, Las Vegas later this month. The casino is known for it’s grand architecture and the poker room is a favorite for tourists and locals alike. With discipline and a bit of luck I hope to build a decent chip stack over the course of a few sessions…
Wynn Resorts Beats Estimate
Zacks.com submits: Wynn Resorts Limited (WYNN) reported first quarter earnings of 26 cents, well ahead of the Zacks Consensus Estimate of 14 cents (see conference call transcript
Wynn Resorts: Go Where the Growth Is
Ockham Research submits: Casino operator Wynn Resorts (WYNN), lead by Las Vegas icon Steve Wynn, released first quarter results on Thursday that topped analysts’ estimates thanks in large part to its exposure to Macau. Wynn reported net income of $27 million or 22 cents per share representing a strong rebound from the loss of $33.8 million from the period a year ago.

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Wynn Resorts Taking Hits: Look For A Buying Opportunity

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