--- canonical_url: https://www.stockexpertai.com/earnings/wynn last_updated: 2026-05-09T17:35:36.788Z --- # Wynn Resorts, Limited (WYNN) Q1 FY2027 Earnings Preview > This content was automatically generated with FMP live data + Q1 FY2026 earnings call transcript. Generated: 2026-05-09T17:35:36.321Z. Educational tool, not investment advice. --- ## Quick Summary | Field | Value | Source | |---|---|---| | Price | $102.42 (▼ -4.15%) | fmp:quote | | Market Cap | $10.6B | fmp:profile | | 52w range | $82.63 – $134.72 | fmp:quote | | Earnings | Thu 6 Aug | fmp:earnings-history | | EPS estimate | $1.25 (+15% YoY) | fmp:earnings-estimate | | Revenue estimate | $1.9B | fmp:earnings-estimate | | Beat streak | 1/4 | fmp:earnings-history | | Rating | C (overall 2/5) | fmp:ratings | | Analyst median target | $142 (+38.2% upside) | fmp:price-target-consensus | | MoonshotScore | 36/100 | derived | | Council | 3/6 bullish | derived | | Munger verdict | Undervalued | derived | ## Wynn Resorts, Limited — Q1 FY2027 Expectations Q1 consensus: revenue $1.9B^{[FMP est]}, EPS $1.25^{[FMP est]}. 1 consecutive quarters of beat^{[FMP earnings]}. ## Quick Take **Score:** C · **Stance:** BUY · **Council:** 3/6 · **Moonshot:** 36 = MoonshotScore 36^{[9-pillar formula]} + Council 3/6^{[6-lens rule]}. Form 4: 0 transactions^{[FMP Form 4]}. ## Watchlist (6 metrics) ### 1. Capex 2026 Guidance Wynn continues to expect the initial work on Enclave, together with other CapEx projects to result in a 2026 expansionary CapEx range of $400 million to $450 million. > "We continue to expect the initial work on Enclave, together with our other CapEx projects to result in a 2026 expansionary CapEx range of $400 million to $450 million." > — Craig Fullalove, Expectation / Guide · Q1 FY2026 ### 2. Vegas Ebitdar Growth Wynn Las Vegas' hold adjusted EBITDAR grew 5% to $232.5 million, inclusive of the property's best March in history. > "Hold adjusted EBITDAR grew 5% to $235 million (sic) [ $232.5 million ], inclusive of our best March in the history of the property." > — Craig Billings, Investor Focus · Q1 FY2026 ### 3. Vegas Revpar Growth In the hotel, RevPAR at Wynn Las Vegas was up nearly 10% year-on-year on a 12% increase in rate. > "In the hotel, RevPAR was up nearly 10% year-on-year on a 12% increase in rate." > — Craig Billings, Investor Focus · Q1 FY2026 ### 4. Macau Mass Drop Growth In Macau, mass drop was extremely strong, up 19% and handle was up 32% year-on-year. > "Mass drop was extremely strong, up 19% and handle was up 32% year-on-year." > — Craig Billings, Investor Focus · Q1 FY2026 ### 5. Vegas Casino Revenue Increase Casino revenues at Wynn Las Vegas were up over 9%, driven by increases in both drop and handle. > "Casino revenues were up over 9%, driven by increases in both drop and handle." > — Craig Billings, Investor Focus · Q1 FY2026 ### 6. Wynn Palace Expansion The Enclave at Wynn Palace, a 432 all-suite hotel, will be built with a $900 million to $950 million investment, increasing the existing Wynn Palace room count by 25% and suite count by 50%. > "The Enclave at Wynn Palace, a 432 all-suite hotel, will sit directly adjacent to and connect into the east entrance of Wynn Palace. This is a $900 million to $950 million addition that will increase the existing Wynn Palace room count by 25% and our suite count by 50%, driving more foot traffic into gaming and our existing food and beverage outlets." > — Craig Billings, Investor Focus · Q1 FY2026 ## MoonshotScore Pillars | Pillar | Score | Level | Evidence | |---|---|---|---| | Revenue Growth | 3.0 | weak | Q1 vs Q2: moderate growth (+6.8%) | | Gross Margin | 0.0 | weak | Q1: low margin (0.0%, capital-intensive or commodity) | | Operating Leverage | 2.0 | weak | op margin healthy (15.2%) | | Cash Runway | 3.0 | weak | FCF very strong ($0.2B, 153455000.0× CapEx) | | R&D Intensity | 3.0 | weak | low R&D investment (0.0%, weak innovation) | | Price Momentum | 4.0 | medium | RSI 43.6 weak momentum, 50d below | | News Sentiment | 10.0 | strong | strong buy consensus (95%) | **Formula:** sum(pillar.score) / (count * 10) * 100. Each pillar deterministic from FMP. Source maps in pillar.formula. ## Council (7-Lens) | Name | Stance | Context | |---|---|---| | Ray Dalio | bull | macro · target upside +38.2% | | Ken Griffin | bear | flow · 50d MA below | | Jim Simons | neutral | quant · RSI 44 | | Klarman | bull | value · target upside +38.2% | | Buffett | neutral | quality · ROE score 1/5 | | Munger | bull | valuation · target upside +38.2% | **Formula:** Each lens uses deterministic rule on bundle data. Logged in member.contextTr. ## Munger Lens - **Verdict:** Undervalued - **Financial Health:** Weak - **Margin of Safety:** Strong - **Interest Coverage:** Adequate - **ROIC vs WACC:** Tight **Formula:** verdict=upside>25?Undervalued:>0?Fairly Valued:Overvalued. Each lens deterministic from FMP ratings + priceTarget. ## Technical Levels - **RSI(14):** 43.6 — momentum zayıf — oversold yakınında değil ama alıcı baskısı az - **50d MA:** $104 — hisse %1.1 altında — kısa vadeli direnç - **200d MA:** $115 — hisse %11.3 altında — uzun vadeli baskı - **Volume (10d):** +156% ## Past Performance (4 Quarters) | Quarter | EPS Actual | EPS Estimate | Result | Reaction | |---|---|---|---|---| | Q2 FY25 | $1.09 | $1.20 | MISS | -0.8% | | Q3 FY25 | $0.86 | $1.15 | MISS | +2.9% | | Q4 FY25 | $1.17 | $1.33 | MISS | +5.1% | | Q1 FY26 | $1.25 | $1.18 | +5.9% EPS | -4.1% | Q1 (May 7, 2026): EPS $1.25 vs $1.18 est^[FMP], +5.9% beat. D+1 movement: -4.1%^{[FMP D+1]}. Decline despite beat — market reacted to guidance, not numbers. ## 3 Scenarios ### Scenario A · Beat **Q1 EPS > $1.25 + CapEx discipline** Threshold: EPS > $1.25^{[FMP est]}. Target: Break above median target $142^{[FMP target]}; high target $155^[FMP] upper bound. ### Scenario B · In-Line **EPS ≈ $1.25 + CapEx < $0** Threshold: EPS ≈ $1.25^{[FMP est]}, Q1 CapEx < $0^[FMP]. Target: Consolidation in the band between current $102^[FMP] and median $142^[FMP]. ### Scenario C · Miss **EPS < $1.21 or CapEx ≥ $0** Threshold: EPS < $1.21^{[FMP est×0.97]}. Target: Current $102 below SMA200 $115^[FMP], if rejection continues, $98^[derived] support activates. ## Risk Notes ### Primary segment below threshold Q1: EPS $1.25 vs $1.18 beat^[FMP], stock -4.1% D+1^[FMP]. ### Backlog concentration No RPO/backlog concentration disclosed in Q1 earnings call. ### Insider trading Form 4 data is marked in the table — this page does not generate assumptions for this stock. | Executive | Action | Amount | Date | |---|---|---|---| **Net:** — (0 transactions · 0 sells · 0 buys) · Q1 FY26 ### CapEx shock Q1 CapEx $0^{[FMP cashflow]}. Q1 op margin 15.2%^{[FMP op margin]} — this level in Q1 is sensitive to CapEx revision risk. ## Wall Street Consensus - **Median target:** $142 (+38.2% upside vs current $102) - **High / Low:** $155 / $127 - **Buy / Hold / Sell:** 19 / 1 / 0 - **Analyst count:** 10 (last quarter), 56 all-time ## Additional Transcript Insights ### 1. vegas_ebitdar_growth **Claim:** Wynn Las Vegas' hold adjusted EBITDAR grew 5% to $232.5 million, inclusive of the property's best March in history. **Evidence (transcript):** "Hold adjusted EBITDAR grew 5% to $235 million (sic) [ $232.5 million ], inclusive of our best March in the history of the property." **Numbers:** 5%, $235 million, $232.5 million ### 2. vegas_casino_revenue_increase **Claim:** Casino revenues at Wynn Las Vegas were up over 9%, driven by increases in both drop and handle. **Evidence (transcript):** "Casino revenues were up over 9%, driven by increases in both drop and handle." **Numbers:** 9% ### 3. vegas_revpar_growth **Claim:** In the hotel, RevPAR at Wynn Las Vegas was up nearly 10% year-on-year on a 12% increase in rate. **Evidence (transcript):** "In the hotel, RevPAR was up nearly 10% year-on-year on a 12% increase in rate." **Numbers:** 10%, 12% ### 4. macau_mass_drop_growth **Claim:** In Macau, mass drop was extremely strong, up 19% and handle was up 32% year-on-year. **Evidence (transcript):** "Mass drop was extremely strong, up 19% and handle was up 32% year-on-year." **Numbers:** 19%, 32% ### 5. wynn_palace_expansion **Claim:** The Enclave at Wynn Palace, a 432 all-suite hotel, will be built with a $900 million to $950 million investment, increasing the existing Wynn Palace room count by 25% and suite count by 50%. **Evidence (transcript):** "The Enclave at Wynn Palace, a 432 all-suite hotel, will sit directly adjacent to and connect into the east entrance of Wynn Palace. This is a $900 million to $950 million addition that will increase the existing Wynn Palace room count by 25% and our suite count by 50%, driving more foot traffic into gaming and our existing food and beverage outlets." **Numbers:** 432, $900 million, $950 million, 25%, 50% ### 6. capex_2026_guidance **Claim:** Wynn continues to expect the initial work on Enclave, together with other CapEx projects to result in a 2026 expansionary CapEx range of $400 million to $450 million. **Evidence (transcript):** "We continue to expect the initial work on Enclave, together with our other CapEx projects to result in a 2026 expansionary CapEx range of $400 million to $450 million." **Numbers:** 2026, $400 million, $450 million ### 7. share_repurchases **Claim:** During the quarter, Wynn repurchased 528,000 shares for approximately $53.8 million and an additional $30.6 million so far in the second quarter. **Evidence (transcript):** "During the quarter, we also repurchased 528,000 shares for approximately $53.8 million and an additional $30.6 million so far in the second quarter." **Numbers:** 528,000, $53.8 million, $30.6 million --- *Data source: FMP (live query, 2026-05-09), Q1 FY2026 earnings call transcript (Translated to EN with Gemini 2.0 Flash). Educational tool, not investment advice.*