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Wynn
Wynn Resorts, Limited (NASDAQ:WYNN) is set to release its 2012 Q1 results on May 9th. After an impressive quarter which included the award of a permit to construct a new major resort property in Macau, a jurisdiction that saw gambling revenues jump 21.9% overall in April of this year. The analyst consensus on Wynn is first quarter earnings of $1.42 per share, which is up $0.04 per share from a quarter earlier. Estimates range from $1.29 on the low side, up to $1.65 on the high side. The analysts’ average annual earnings estimate is $6.05/share.
MGM Resorts International
MGM Resorts International (NYSE:MGM) operates 15 wholly owned resorts in the United States as well as the MGM Macau resort overseas. While Macau is looking strong with gambling revenues up 21.9% in April, analysts expect the firm to lose $0.16 per share in the first quarter of 2012, which is on par with the same period in 2011. Things don’t look much more optimistic for the firm as the year plays out, with analysts estimating a $0.45 cent loss for the 2012 fiscal year. This would be the fifth consecutive year of loses for MGM if unusual items are excluded.
Orbitz Worldwide
Orbitz Worldwide, Inc. (NYSE:OWW), the online travel company who’s portfolio includes Orbitz.com and Cheaptickets in the United States and ebookers in Europe, will be releasing earnings prior to the market opening today. This will be followed by an earnings conference call at 10:00AM. With Expedia showing strong performance with their earnings, Orbitz may be poised for a positive announcement as well. However, the caution here is that Expedia indicated their strength came on hotel bookings, which Orbitz lags their competitor in as a percentage of sales. Analysts are expecting on average a loss of $0.08 per share, which is actually up from a loss of $0.11 per share in the first quarter of 2011. The annual estimate for the stock is $0.24 per share, which would double the firm’s 2011 earnings.
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Sheeraz is our COO (Chief - Operations), his primary duty is curating and editing of ValueWalk. He is main reason behind the rapid growth of the business. Sheeraz previously ran a taxation firm. He is an expert in technology, he has over 5.5 years of design, development and roll-out experience for SEO and SEM. - Email: sraza(at)www.valuewalk.com
Sheeraz is our COO (Chief - Operations), his primary duty is curating and editing of ValueWalk. He is main reason behind the rapid growth of the business. Sheeraz previously ran a taxation firm. He is an expert in technology, he has over 5.5 years of design, development and roll-out experience for SEO and SEM. - Email: sraza(at)www.valuewalk.com
Amazon missed revenue estimates, but net sales were still up 10% in the second quarter. Amazon (NASDAQ:AMZN) stock was plummeting Friday, down more than 12% at its lowest after the...
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