Sell-Side Analysts Mixed On Las Vegas Sands Before Earnings

What do Las Vegas Sands Corp LVS shareholders have to expect when the company reports earnings Wednesday afternoon? According to Estimize, Wall Street consensus estimates predict earnings per share (EPS) of $0.61 on $2.97 billion in revenue for the quarter.

However, not all analysts see eye-to-eye when it comes to Sands. Here’s what analysts from five leading firms are saying ahead of earnings.

Morningstar
Analyst Dan Wasiolek sees Sands as the best-positioned company to take advantage of the “attractive long-term growth opportunity of Macau.” Morningstar puts a fair value of $68 on Sands’ stock.

Morgan Stanley
Analyst Thomas Allen sees a 20 percent chance that Sands will cut its dividend this quarter and a 40 percent chance that it will cut it in a future quarter. “However, we think these odds are much higher than the market perceives,” Allen cautioned earlier this month.

Sterne Agee CRT
Analyst David Bain believes that Sands will come up short this quarter and is calling for a miss on both earnings and revenue. Sterne Agee CRT has a Buy rating on Sands and a $57 target for the stock, but Bain is predicting EPS of $0.55 on revenue of $2.92 billion this quarter.

J.P.Morgan
Analyst Joseph Greff calls Sands “relatively safe for now” but sees more upside in Wynn Resorts Ltd WYNN and MGM Resorts International MGM than in Sands. J.P.Morgan is also forecasting a Q2 miss for Sands and expects EPS of $0.56 on $2.89 billion in revenue.

Brean Capital
Analyst Bryan Maher is bullish on Sands and believes “those investors betting against the long-term success of Macau are making a mistake and longer term focused investors will be rewarded.” Maher is calling for a Q2 beat by Sands and predicting EPS of $0.68 on $3.09 billion in revenue. Brean has a Buy rating on Sands and a $60 target for the stock.