Earnings Preview: Las Vegas Sands' EPS, Revenue Expected to Rise
Here's Benzinga's advanced look at Las Vegas Sands' third quarter earnings report.
Earnings and Revenue:
Analysts are predicting an EPS reading of 53 cents/share and revenues of $2.34 billion. Las Vegas Sands' latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of 34 cents/share on revenues of $1.91 billion. We'll have to wait for Thursday to see if Las Vegas Sands falls in line with analyst expectations and reports an estimated increase in both EPS and revenue from the year-ago quarter.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 | Q1 | Q4 | Q3 |
| EPS Estimate | $0.44 | $0.45 | $0.38 | $0.23 |
| EPS Actual | $0.54 | $0.37 | $0.42 | $0.34 |
Stock Performance:
At last check, shares of Las Vegas Sands were trading at $41.29. Since January 1st, shares of Las Vegas Sands have declined 10.1%. For a full 12 months, the return has risen by 0.6%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.
- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for Las Vegas Sands is a Moderate Buy. The strength of this rating has declined slightly over the past three months.
Competitors:
Looking for a sympathy stock to trade or interested in the performance of other companies in the same sector? Take a look at some of Las Vegas Sands' peers.
- Ameristar Casinos (NASDAQ: ASCA): Moderate Buy with a $0.50 recent quarter EPS
- Boyd Gaming (NYSE: BYD): Hold with a $0.01 recent quarter EPS
- Century Casinos (NASDAQ: CNTY): Strong Buy with a $0.03 recent quarter EPS
- MGM Resorts (NYSE: MGM): Moderate Buy with a -$0.08 recent quarter EPS
Las Vegas Sands is in the gaming industry, which has experienced price/earnings contraction of 1.6%.
Finally, a description of the company's main areas of operation: Las Vegas Sands develops integrated resorts worldwide. It owns and operates The Venetian Resort Hotel Casino, The Palazzo Resort Hotel Casino, and an expo and convention center.
Take Action:
That's your advanced look at Las Vegas Sands' upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.
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