Earnings Preview: Wynn Resorts Set to Report After Thursday's Close

Frequent high-flier Wynn Resorts WYNN is set to report its fiscal Q1 earnings results on Thursday after the closing bell. Heading into the print, Wall Street analysts have consensus EPS estimates of $1.41. The high estimate for the company is $1.60 with a low estimate of $1.04. In the year ago quarter, WYNN reported EPS of $1.38. Judging from estimates taken from Estimize.com, traders are looking for upside to Street consensus with users projecting that WYNN will report first quarter EPS of $1.46, or $0.05 of above the Street. Estimize is a unique new tool which allows traders and investors to get a better idea of what the "whisper number," or real earnings expectations are for a company. The site does this by aggregating estimates from its users and generating a consensus EPS estimate based on this data. Frequently, the "whisper number" is a better gauge of likely sentiment after the earnings numbers are released compared to Wall Street estimates which have a tendency to be on the conservative side. It is not uncommon to see a stock trade off sharply despite beating Street estimates if the numbers come up short of the whisper estimates. Over the last 3 months, EPS estimates for WYNN have risen from $1.53 to the current consensus of $1.59. During this time period, shares have risen just under 12%, riding a strong market rally. On the revenue front, Wall Street analysts have consensus estimates of $1.34 billion. The high estimate is $1.40 billion with a low estimate of $1.27 billion. This compares to year ago sales of $1.26 billion, implying year over year sales growth of 6.10%. Users at Estimize.com have provided estimates in a range between $1.32 billion on the low end and $1.47 billion on the high end. On Tuesday, WYNN shares have added 1.21% to $124.89, underperforming the broader NASDAQ market which has surged 2% on the session.