Susquehanna Previews Wynn resorts, Expects Macau to "exceed expectations"

Susquehanna Financial Group on Monday issued a report on Wynn Resorts Ltd.

as the company is expected to disclose fourth quarter earnings on Tuesday, February 3rd. Susquehanna reiterated their Positive rating for Wynn resorts and maintained their price target of $193. Rachael Rothman, an analyst at Susquehanna, wrote, “A slight beat in Macau will be offset by a slight miss in Las Vegas. We are lowering our 4Q estimates slightly as we lower our Las Vegas assumptions to reflect the worse than expected December Las Vegas revenue release... Despite the short-to medium-term headwinds, valuation remains attractive (with ~30% upside) for WYNN, and the strong visitation trends seen in both Las Vegas and Macau support our positive outlook for the longer term.” The firm estimate Wynn Resorts to report $1.41 EPS. Wynn Resorts closed Friday at $147.95.