Hudson Securities Previews Las Vegas Sands Earnings

Earlier this morning, Hudson Securities released a research note on Las Vegas Sands LVS. "Our current 2Q10 EBITDA estimate of $386 million is $1 million above the Street," the analysts said. "We expect LVS to meet or exceed expectations as strength in Macau and Singapore should more than offset lingering sluggishness in Las Vegas." And they had the numbers to back that up: Hudson estimates that 58% of LVS' second quarter property EBITDA will be derived from Macau, with "revenues [growing] faster than capacity." Singapore was also a bright spot for LVS, with an expected $89.4 million in second quarter property EBITDA. Vegas was a big drawback for the company, however, as its sluggish real estate market failed to pick up. Although volumes are improving, "it remains to be seen how many of the cost cuts put in place during the downturn are sustainable." You Can't Afford Miss Out On These Money Making Trading Ideas