Earnings Preview: Las Vegas Sands

Loading...
Loading...
Las Vegas Sands
LVS
will report earnings after the closing bell today at 4:30PM, when it is expected to report quarterly earnings of 57 cents per share, according to analyst consensus. Analysts also expect the company to report $2.47 billion in revenue, up from $2.4 billion in reported revenue in Q3 2011. Shares in the gaming conglomorate are trading far below analysts' mean price target of $57.73, with many analysts holding a buy recommendation on the company. Questions also loom over a possible dividend payout due to the company's growing cash reserves. The company's cash and cash equivalent holdings grew by over $472 million in Q3 2011, thanks to consistent growth in the firm's Asian operations, which has led analysts at Morgan Stanley to predict a dividend payout on the horizon for the company. Call options on the firm were at a three-year low today, as investors await the firm's reports on Macau operations. Some analysts are expecting a slowdown in the Chinese gaming mecca to impact the company's botto line, as it leads the charge to find growing gaming revenue streams outside of Las Vegas, where a protracted slowdown
is expected
.
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPreviewsTrading IdeasCasinos & GamingConsumer Discretionary
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...