Wynn Resorts Q4 Revenue Tops Estimates While EPS Drops 12.2%
Wynn Resorts posted Q4 revenue of $1.87B, up 1.5% and 0.67% above estimates, while EPS of $1.17 missed forecasts by 12.2% and declined from $2.42 a year ago. Las Vegas table games win reached $173.8M versus $161.9M forecast, but Macau VIP table win fell to $148.5M against $160.0M estimate.
1. Q4 Financial Results
Wynn Resorts reported Q4 revenue of $1.87 billion, a 1.5% year-over-year increase and 0.67% above the $1.85 billion consensus. GAAP EPS declined to $1.17 from $2.42 a year earlier, missing the $1.33 forecast by 12.2%.
2. Las Vegas Operations
Las Vegas operations saw table games win of $173.84 million versus the $161.94 million estimate, while slot machine win of $129.52 million slightly trailed the $131.97 million forecast. Room revenues reached $222.92 million and food and beverage sales climbed 3.8% to $191.71 million, both edging past expectations.
3. Macau and Boston Harbor Operations
Macau operations generated $371.33 million in revenue, up 2.1% year-over-year and just above the $370.0 million estimate, but VIP table games win of $148.5 million fell short of the $160.01 million consensus. Encore Boston Harbor revenue dipped 1.2% to $210.19 million against a $210.69 million forecast.