Wynn Resorts Q3 Earnings Preview: Macau Revenue In Focus As Las Vegas Casino Workers Strike
Portfolio Pulse from Surbhi Jain
Wynn Resorts Ltd (NASDAQ:WYNN) is set to report its Q3 earnings on Nov. 9. Analysts will focus on the company's revenue from Macau, following a 316% YoY increase in Macau gross gaming revenue. Wynn is expected to report 78 cents in EPS and $1.58 billion in revenue for the quarter. However, the stock may experience volatility due to a strike declared by the Culinary Workers Union. The stock is rated a Buy by Wall Street analysts, with a $108.50 consensus price target.
November 09, 2023 | 2:43 pm
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POSITIVE IMPACT
Caesars Entertainment has struck a deal with the Culinary Workers Union, potentially avoiding the impact of the strike.
Caesars Entertainment has managed to strike a deal with the Culinary Workers Union, potentially avoiding the negative impact of the strike on its operations and stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Wynn Resorts is expected to report strong Q3 earnings, particularly from its Macau operations. However, a workers' strike may cause stock volatility.
Wynn Resorts' Q3 earnings are expected to be strong, particularly due to increased revenue from Macau. However, a strike declared by the Culinary Workers Union could cause some volatility in the stock price. Despite this, the stock is rated a Buy by Wall Street analysts, indicating a positive outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Las Vegas Sands may also be impacted by the Culinary Workers Union strike, potentially causing stock volatility.
The Culinary Workers Union has declared a strike, which could potentially impact Las Vegas Sands. This could cause some volatility in the stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
MGM Resorts International may be impacted by the Culinary Workers Union strike, which could cause stock volatility.
The Culinary Workers Union has declared a strike, which could potentially impact MGM Resorts International. This could cause some volatility in the stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50