Wynn Resorts, Limited (WYNN) is a luxury casino and hospitality operator based in Las Vegas, Nevada. Valued at $9.9 billion by market capitalization, the company develops and manages high-end integrated resorts that combine hotels, casinos, entertainment venues, fine dining, retail, nightlife, convention spaces and wellness facilities.
Shares of this luxury casino and resort company have underperformed the broader market over the past year. WYNN is down 1.8% over this period, while the broader S&P 500 index ($SPX) is up nearly 23.3%. Additionally, in 2026, WYNN stock is down 21.2%, compared to the SPX’s 7.4% gain on a year-over-year basis.
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Zooming in even further, WYNN has also lagged the State Street Consumer Discretionary Select Sector SPDR Fund (XLY). The exchange-traded fund has gained 5.9% over the past year and is down 3.7% in 2026.
On May 7, Wynn Resorts reported its first-quarter fiscal 2026 earnings and its shares fell 4.2% in the following trading session. It generated $1.86 billion in revenue, up 9.2% from the prior-year quarter, while the property’s adjusted EBITDAR increased 5.5% year over year to $562.4 million. Its adjusted EPS increased 16.8% year over year to $1.25.
For fiscal 2026, which ends in December, analysts expect WYNN’s EPS to grow 14.6% to $4.80 on a diluted basis. The company’s history of earnings surprises is mixed. It missed the consensus estimate in three of the last four quarters, although it beat it on another occasion.
Among the 18 analysts covering WYNN stock, the consensus is a “Strong Buy.” This is based on 16 “Strong Buy” ratings, one “Moderate Buy” and one “Hold” rating.
On May 19, Macquarie analyst Chad Beynon reiterated an “outperform” rating on Wynn Resorts while slightly lowering the price target from $150 to $145.
The average price target of $138.22 represents a 45.8% premium to WYNN’s current price levels. The Street’s high price target of $155 suggests an ambitious 63.5% upside potential.
On the date of publication, Kritika Sarmah had no (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are for informational purposes only. This article was originally published on Barchart.com