| WYNN |
Report |
Consolidated Adjusted Property EBITDAR |
BEAT |
pred ~$575M vs. cons ~$565M |
MEDIUM |
| WYNN |
Report |
Macau Adjusted Property EBITDAR (Wynn Palace + Wynn Macau) |
BEAT |
pred ~$272M vs. cons ~$258M |
MEDIUM |
| WYNN |
Report |
Las Vegas Adjusted Property EBITDAR |
MISS |
pred ~$226M vs. cons ~$234M |
MEDIUM |
| WYNN |
Guide |
Wynn Al Marjan Island (UAE) opening timeline |
LOWER |
guide ~late-2027/early-2028 open vs. cons ~2027 (opening timeline) |
MEDIUM |
| WYNN |
Guide |
Macau QTD/July EBITDAR run-rate |
BETTER |
guide ~$3.5M/day vs. cons ~$3.3M/day (July QTD) |
LOW |
| WYNN |
Guide |
FY2026 expansionary capex (Enclave/Macau + Vegas remodel) |
UNCHANGED |
guide ~$400-450M vs. cons ~$425M (FY2026) |
LOW |
| WYNN |
Return |
Day-1 residual (stock − beta × S&P 500) |
+1.8% |
— |
LOW |
| WYNN |
Return |
5-day cumulative residual |
+0.5% (FADE) |
Oversold positioning (~-20% YTD, near 52-week lows) plus a Macau-driven EBITDAR beat likely sparks a relief pop day 1, but the binding variable is the UAE timeline. A quantified Al Marjan slip toward late-2027/2028 pulls out-period (2027-28) EBITDAR contribution estimates down even as Q2 prints a beat, while tough Vegas/Boston comps and Encore Tower remodel disruption cap upside. Net: initial gain fades as sell-side trims the out-period, leaving a muted 5-day residual. |
LOW |