GET DAILY SIGNALSWynn Resorts (WYNN) Posts Q3 Revenue Decline of -7.9% as Key Markets Slow
Key Takeaways
- Wynn Resorts reported third quarter 2026 operating revenues of $1.69 billion, down 7.9% from $1.83 billion a year earlier, as every property posted a year-over-year revenue decline.
- Adjusted earnings per share (EPS) came in at $0.33, below the FactSet consensus estimate of $0.52, while generally accepted accounting principles (GAAP) net income fell to $17.3 million, or $0.17 per share, from $88.3 million, or $0.85 per share, a year ago.
- Adjusted Property EBITDAR (earnings before interest, taxes, depreciation, amortization, and rent) declined to $464.2 million from $570.1 million, reflecting softer results across Las Vegas, Macau, and Encore Boston Harbor.
- The board declared a $0.25 per share cash dividend and the company repurchased $58.1 million of stock during the quarter.
- Management cited slower market conditions, unfavorable table-game hold at Wynn Las Vegas, and a strike at Encore Boston Harbor as key drags on the period.
Earnings Context and Why It Matters
Wynn Resorts' third quarter report offers investors a direct read on the health of high-end gaming and hospitality demand across its three core geographies: Las Vegas, Macau, and the Northeastern U.S. The quarter landed against a backdrop of moderating consumer spending and uneven recovery in Macau, where the company operates Wynn Macau and Wynn Palace. Because the business is heavily concentrated in premium casino play, hotel rooms, and luxury retail, even small shifts in visitation and hold (the percentage of wagers a casino retains) can swing results meaningfully. The report also carried significance for capital-return signals, given the board's dividend decision and ongoing share repurchases, as well as for progress on the company's Wynn Al Marjan Island development in the United Arab Emirates. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Reported Results
Wynn Resorts reported third quarter 2026 operating revenues of $1.69 billion, a 7.9% decline from $1.83 billion in the same period a year earlier and below the consensus estimate of roughly $1.78 billion. Casino revenue fell to $1.05 billion from $1.17 billion, while rooms, food and beverage, and entertainment, retail and other segments also declined year over year.
Adjusted EPS was $0.33, well below the FactSet consensus of $0.52 per share. On a GAAP basis, net income attributable to Wynn Resorts was $17.3 million, or $0.17 per share, compared with $88.3 million, or $0.85 per share, in the prior-year quarter. Adjusted net income was $33.9 million.
Adjusted Property EBITDAR totaled $464.2 million, down from $570.1 million a year ago. Revenue declines were broad-based: Wynn Palace fell $51.7 million, Las Vegas operations dropped $45.8 million, Wynn Macau declined $30.1 million, and Encore Boston Harbor decreased $17.1 million. Management attributed the weakness to slower market conditions, table-game hold at Wynn Las Vegas that fell outside the expected range, and a labor strike that began in early September at Encore Boston Harbor.
Market Reaction and Investor Sentiment
Shares of WYNN moved lower in after-hours trading following the release, falling about 2.7% as the adjusted EPS and revenue shortfall weighed on sentiment. The stock had already been under pressure heading into the report, and the results reinforced investor concerns about softening gaming demand and the impact of the Encore Boston Harbor strike. Weakness in table-game hold, a variable factor that can normalize over time, was partly offset in the market's view by the company's continued commitment to shareholder returns through its dividend and buyback program. The quarter's message was one of operational discipline in a slower demand environment, but the headline miss against consensus expectations dominated the immediate reaction.
Forward Outlook and Key Factors to Monitor
Looking ahead, investors will be watching whether the demand softness seen in the third quarter proves temporary or signals a more sustained slowdown. Management noted that October trends improved, which is typical as visitation drivers return, but the durability of that recovery will be a key test in the fourth quarter.
Macau remains a central swing factor. The Wynn Macau board approved a 2026 interim dividend of $150 million, up from $125 million a year earlier, signaling confidence in that market. Sustained mass-market and premium-mass demand, along with any regulatory or visa-policy developments, will shape results in the region.
The Wynn Al Marjan Island project in the United Arab Emirates is another important catalyst. The company contributed $62.2 million of equity during the quarter, bringing its cumulative contribution to just over $1.12 billion, with the property expected to open in September 2027. Capital expenditures, which totaled approximately $201.6 million in the quarter, and the resolution of the Encore Boston Harbor labor situation will also be closely monitored. Investors should watch margin trends, hold normalization, and capital-allocation decisions as the company balances growth spending with its dividend and buyback programs. From what I see, the company’s capital allocation remains a steady hand in this environment.
Exploring AI Tools in My Research
In my analysis process, I frequently rely on Tickeron’s AI Screener to quickly filter stocks by technical patterns, fundamentals, and AI signals. It helps surface relevant ideas across sectors like gaming without the time sink of manual screening, letting me focus on what matters for names such as WYNN.
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
Momentum Indicator for WYNN turns positive, indicating new upward trend
WYNN saw its Momentum Indicator move above the 0 level on November 02, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 83 similar instances where the indicator turned positive. In 61 of the 83 cases, the stock moved higher in the following days. The odds of a move higher are at 73%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where WYNN's RSI Indicator exited the oversold zone, 16 of 29 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 55%.
The Moving Average Convergence Divergence (MACD) for WYNN just turned positive on October 12, 2026. Looking at past instances where WYNN's MACD turned positive, the stock continued to rise in 34 of 54 cases over the following month. The odds of a continued upward trend are 63%.
WYNN moved above its 50-day moving average on November 04, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +6.06% 3-day Advance, the price is estimated to grow further. Considering data from situations where WYNN advanced for three days, in 188 of 278 cases, the price rose further within the following month. The odds of a continued upward trend are 68%.
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where WYNN declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 74%.
WYNN broke above its upper Bollinger Band on November 04, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for WYNN entered a downward trend on November 03, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of 3 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: WYNN's P/B Ratio (-50.062) is slightly lower than the industry average of (14.889). P/E Ratio (18.894) is within average values for comparable stocks, (53.682). Projected Growth (PEG Ratio) (0.716) is also within normal values, averaging (0.784). Dividend Yield (0.012) settles around the average of (0.021) among similar stocks. P/S Ratio (1.177) is also within normal values, averaging (1.049).
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 63 (best 1 - 100 worst), indicating fairly steady price growth. WYNN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 89 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 100 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. WYNN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock worse than average.
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General Information
a high-end casinos & resorts company
Industry HotelsResortsCruiselines
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