Wynn Resorts (WYNN) closed the most recent trading day at $146.23, moving +1.23% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.75%. Elsewhere, the Dow lost 0.61%, while the tech-heavy Nasdaq lost 0.57%.Prior to today's trading, shares of the casino operator had gained 6.98% over the past month. This has lagged the Consumer Discretionary sector's gain of 7.01% and outpaced the S&P 500's gain of 4% in that time.Investors will be hoping for strength from WYNN as it approaches its next earnings release. The company is expected to report EPS of $1.59, down 30.87% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.64 billion, down 4.3% from the year-ago period.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.38 per share and revenue of $6.94 billion. These totals would mark changes of -2.45% and +3.28%, respectively, from last year.It is also important to note the recent changes to analyst estimates for WYNN. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 3.45% higher. WYNN is currently sporting a Zacks Rank of #3 (Hold).In terms of valuation, WYNN is currently trading at a Forward P/E ratio of 22.64. Its industry sports an average Forward P/E of 22.6, so we one might conclude that WYNN is trading at a premium comparatively.We can also see that WYNN currently has a PEG ratio of 2.26. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Gaming industry currently had an average PEG ratio of 1.44 as of yesterday's close.The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 159, putting it in the bottom 38% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wynn Resorts, Limited (WYNN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research