Las Vegas Sands (LVS) To Post Q2 Earnings: What's In Store?
Zacks Investment Research | Jul 17, 2019 10:25PM ET
Las Vegas Sands Corp. (NYSE:LVS) is slated to release second-quarter 2019 financial numbers on Jul 24, after market close. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 7.1%. However, the bottom line lagged the consensus mark in three of the trailing four quarters, the average miss being 4.8%.
Q2 Expectations
The Zacks Consensus Estimate for second-quarter earnings is pegged at 80 cents, higher than 74 cents reported in the year-ago quarter. Over the past 90 days, the company’s earnings estimates have remained stable. For quarterly revenues, the consensus mark stands at nearly $3,388 million, indicating a 2.6% increase from the prior-year quarter reported figure.
Let’s delve deeper to find out how the company’s top and bottom line will shape up this earnings season.
Factors at Play
We believe Las Vegas Sands’ results in the second quarter are likely to be driven by robust performance of the Las Vegas operations, Marine Bay Sands, Sand Cotai Central and Venetian Macao segments. However, Sands Macao is likely to disappoint investors.
For Las Vegas operations, the consensus estimate for second-quarter revenues is pegged at $435 million, suggesting 8.2% growth from the year-earlier quarter figure. Moreover, the company’s Marine Bay Sands segment’s is likely to bounce back after reporting dismal results over the past few quarters. For this segment, the consensus mark is pegged at $738 million, indicating a 4.7% improvement from the prior-year reported figure.
The Zacks Consensus Estimate for revenues at the Sands Cotai Central segment stands at $514 million, implying a 1% gain from the year-ago reported number. Additionally, the Venetian Macao segment’s revenues are likely to witness 6.3% growth year over year to $882 million.
However, Sands Macao is likely to witness a 9.4% decline in revenues. The slowdown in China and the trade war between Beijing and Washington has impacted casino operators in Macau. Further, speculations over another crackdown on capital outflows by China have kept investors on the edge. Flagging China property price has impacted the high-end VIP segment.
Las Vegas Sands Corp. Price and EPS Surprise
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.