We have an Outperform rating on Wynn Resorts (WYNN) as the company’s second quarter 2010 earnings were well ahead of the Zacks Consensus Estimate. They were primarily driven by better-than-expected top-line growth and improvements in the bottom line.

The company set record results in the Macau market. Additionally, with the global economy showing a gradual recovery, the company is experiencing an increase in demand. Its Las Vegas business, which was the worst hit at the time of slowdown, is also rebounding.

We remain encouraged with the company’s strong brand name, healthy balance sheet, relatively low capital requirements and ability to execute in a difficult operating environment.

Zacks Investment Research

1. (WYNN) Wynn Resorts’ Quarterly Earnings Beat EstimateWynn Resorts Limited (WYNN) reported first quarter earnings of 26 cents, well ahead of the...
2. (WYNN) Wynn Resorts Abandons Philadelphia, Pennsylvania ProjectWynn Resorts Ltd. (WYNN) has abandoned its plan of a casino project construction in Philadelphia,...
3. (WYNN) Wynn Resorts Misses Expectations – Narrows LossWynn Resorts Ltd.’s (WYNN) fourth quarter earnings of 8 cents per share missed the Zacks...
4. (WYNN) Wynn Resorts Coverage Initiated at NeutralWe are initiating coverage on Wynn Resorts Ltd. (WYNN) with a Neutral recommendation. The company,...
5. (WYNN) Wynn Resorts Limited Surpasses ExpectationsWynn Resorts Limited (WYNN) today reported third-quarter earnings of 28 cents per share. Adjusted earnings...
6. (WYNN) Positive Outlook for Wynn Resorts Ltd.On Monday, Fitch Ratings raised its outlook for Wynn Resorts Ltd. (WYNN) to positive from...

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