Wynn Resorts stock surges 30% as luxury casino expansion fuels investor confidence
Wynn Resorts, a global operator of luxury casinos and hotels, has seen strong stock market performance over the past year. The company’s shares have climbed 30.2% in the last 52 weeks, outperforming both the broader stock market and its sector peers. Recent financial results and expansion plans have drawn further attention from investors and analysts alike.
The Las Vegas-based firm reported third-quarter operating revenues of $1.83 billion, beating analyst forecasts of $1.77 billion. This financial strength comes as the company expands its presence in key markets. In a recent move, Wynn Resorts deepened its partnership with Marjan LLC, announcing a second joint venture development on Al Marjan Island.
Analysts remain bullish on the stock market, with 14 of 16 Wall Street experts rating it a 'Strong Buy'. Only one recommends a 'Moderate Buy', while another suggests a 'Hold'. Goldman Sachs and Mizuho have both raised their price targets, with Mizuho lifting its estimate from $126 to $131 while keeping an 'Outperform' rating.
Despite this optimism, earnings projections show mixed trends. Analysts expect Wynn’s earnings per share (EPS) to drop by 27.7% year-over-year to $4.35 in fiscal 2025. However, a rebound of 22.3% is forecast for fiscal 2026, bringing EPS to $5.32. The stock reached a 52-week high of $134.23 in October but has since pulled back by nearly 12%.
With a market capitalisation of $12.55 billion, Wynn Resorts continues to stand out in the consumer discretionary sector. Its recent performance and strategic expansions suggest confidence in long-term growth, even as short-term earnings face pressure.
Wynn Resorts’ stock has delivered strong returns, supported by revenue beats and expansion projects. While earnings are expected to dip in 2025, analysts foresee a recovery the following year. The company’s position in the luxury casino market and ongoing developments keep investor interest high.
