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Valued at a market cap of $13.1 billion, Wynn Resorts, Limited (WYNN) develops, owns, and operates luxury hotels and casinos. The Las Vegas, Nevada-based company’s portfolio includes renowned properties such as Wynn Las Vegas and Encore in Nevada, as well as Wynn Macau and Wynn Palace in China’s Cotai Strip.
Companies worth $10 billion or more are typically classified as “large-cap stocks,” and WYNN fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the resorts & casinos industry. The company is recognized for luxury hospitality, architectural excellence, and premium guest experiences, offering high-end resorts that combine gaming, lodging, dining, retail, and entertainment.
This luxury resorts operator is currently trading 2.5% below its 52-week high of $130.84, reached on Sep. 19. Shares of WYNN have rallied 42.2% over the past three months, considerably outperforming the Consumer Discretionary Select Sector SPDR Fund’s (XLY) 11% return during the same time frame.
In the longer term, WYNN has surged 59% over the past 52 weeks, notably outpacing XLY's 19.8% uptick over the same time period. Moreover, on a YTD basis, shares of WYNN are up 48%, compared to XLY’s 6.1% rise.
To confirm its bullish trend, WYNN has been trading above its 200-day and 50-day moving averages since early May, with slight fluctuations.
WYNN released its Q2 results on Aug. 7, and its shares closed down marginally in the following trading session. While the company’s revenue grew slightly year-over-year to $1.7 billion, meeting consensus estimates, its adjusted EPS of $1.09 declined 2.7% from the year-ago quarter and fell short of analyst expectations by a notable margin of 9.2%. Lower adjusted property EBITDAR at Wynn Palace, driven by weaker VIP table games win, affected its profitability.
WYNN has also outperformed its rival, Las Vegas Sands Corp. (LVS), which gained 26% over the past 52 weeks and 3.3% on a YTD basis.
Given WYNN’s recent outperformance, analysts remain highly optimistic about its prospects. The stock has a consensus rating of "Strong Buy” from the 16 analysts covering it, and the mean price target of $131.72 suggests a 3.3% premium to its current price levels.
