Wynn Resorts, Limited (WYNN) has reported mixed trends in its Q1 2025 results, with
EPS of $0.69 and revenue at
$1.70 billion, both missing the expectations. The disappointing results were mainly attributed to underperformance of its properties in Macau and U.S. This, coupled with the higher tariff expenses, has led Wynn to postpone some renovation projects. Despite subdued growth and potential challenges, Wynn remains a top stock pick with strong upside potential, as several institutional investors including Northern Trust Corp, Eminence Capital LP, and Alyeska Investment Group L.P. have increased their holdings. Notably,
Golden Nugget owner has also increased his stake in the casino and hospitality giant.
BofA upgraded Wynn Resorts after its announcement of new development in Marjan Island.
Elaine Wynn, a major shareholder and cofounder of the company, passed away at 82 during Q1. The future of Wynn Resorts seems in experienced hands, with the recent nomination of
Anthony Sanfilippo to its Board of Directors, and investors seem divided on the performance of the stock moving forward.
Wynn Resorts Ltd WYNN News Analytics from Mon, 04 Nov 2024 08:00:00 GMT to Sat, 10 May 2025 18:14:30 GMT -
Rating -4
- Innovation 4
- Information 5
- Rumor 2
