Las Vegas Sands LVS announces its next round of earnings this Wednesday, October 21. Here is Benzinga's look at Las Vegas Sands's Q3 earnings report.
The Definitions Of Net Income, Earnings, And Earnings Per Share (EPS)
Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings and Revenue
Sell-side analysts are expecting Las Vegas Sands's loss per share to be near $-0.59 on sales of $784.85 million. Las Vegas Sands reported a profit of $0.75 per share when it published results during the same quarter last year. Sales in that period totaled $3.25 billion.
Why Analyst Estimates And Earnings Surprises Are Important
Wall Street analysts who study this company will publish analyst estimates of its revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates," and these consensus estimates can have a significant effect on a company's performance when it releases earnings. When a company posts earnings or revenue above or below the consensus estimate, it has posted an "earnings surprise."
The analyst consensus estimate would represent a 178.67% decline in the company's EPS figure. Revenue would have fallen 75.85% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q2 2020 | Q1 2020 | Q4 2020 | Q3 2019 |
|---|---|---|---|---|
| EPS Estimate | -0.72 | 0.11 | 0.78 | 0.75 |
| EPS Actual | -1.05 | -0.03 | 0.88 | 0.75 |
| Revenue Estimate | 563.75 M | 2.10 B | 3.36 B | 3.28 B |
| Revenue Actual | 98.00 M | 1.78 B | 3.51 B | 3.25 B |
Stock Performance
Shares of Las Vegas Sands were trading at $44.96 as of October 19. Over the last 52-week period, shares are down 22.39%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Las Vegas Sands is scheduled to hold the call at 16:30:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.sands.com%2F&eventid=2628089&sessionid=1&key=3303561E9E50F3405F3A139D500E0F86®Tag=&sourcepage=register
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