Trade-Ideas LLC identified

Wynn Resorts

(

WYNN

) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Wynn Resorts as such a stock due to the following factors:

  • WYNN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $248.9 million.
  • WYNN traded 14,837 shares today in the pre-market hours as of 8:45 AM.
  • WYNN is up 3.5% today from Friday's close.

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More details on WYNN:

Wynn Resorts, Limited, together with its subsidiaries, develops, owns, and operates destination casino resorts. It operates in two segments, Macau Operations and Las Vegas Operations. The company operates Wynn Macau and Encore at Wynn Macau resort located in the People's Republic of China. The stock currently has a dividend yield of 2%. WYNN has a PE ratio of 33. Currently there are 5 analysts that rate Wynn Resorts a buy, 1 analyst rates it a sell, and 7 rate it a hold.

The average volume for Wynn Resorts has been 3.1 million shares per day over the past 30 days. Wynn has a market cap of $10.4 billion and is part of the services sector and leisure industry. The stock has a beta of 1.82 and a short float of 34.5% with 3.97 days to cover. Shares are up 33.4% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Wynn Resorts as a

hold

. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we find that revenues have generally been declining.

Highlights from the ratings report include:

  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Hotels, Restaurants & Leisure industry. The net income increased by 268.6% when compared to the same quarter one year prior, rising from -$44.60 million to $75.22 million.
  • Net operating cash flow has significantly increased by 868.48% to $115.37 million when compared to the same quarter last year. In addition, WYNN RESORTS LTD has also vastly surpassed the industry average cash flow growth rate of 14.07%.
  • WYNN RESORTS LTD reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, WYNN RESORTS LTD reported lower earnings of $1.93 versus $7.17 in the prior year. This year, the market expects an improvement in earnings ($3.59 versus $1.93).
  • WYNN, with its decline in revenue, underperformed when compared the industry average of 11.1%. Since the same quarter one year prior, revenues slightly dropped by 8.7%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • After a year of stock price fluctuations, the net result is that WYNN's price has not changed very much. Although its weak earnings growth may have played a role in this flat result, don't lose sight of the fact that the performance of the overall market, as measured by the S&P 500 Index, was essentially similar. We feel that the combination of its price rise over the last year and its current price-to-earnings ratio relative to its industry tend to reduce its upside potential.

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