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Las Vegas Sands (LVS) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-10-24 00:05
Las Vegas Sands (LVS) reported $2.68 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 4%. EPS of $0.44 for the same period compares to $0.55 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.79 billion, representing a surprise of -3.94%. The company delivered an EPS surprise of -20.00%, with the consensus EPS estimate being $0.55.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...
Las Vegas Sands (LVS) Q3 Earnings and Revenues Lag Estimates
ZACKS· 2024-10-23 22:21
Las Vegas Sands (LVS) came out with quarterly earnings of $0.44 per share, missing the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -20%. A quarter ago, it was expected that this casino operator would post earnings of $0.59 per share when it actually produced earnings of $0.55, delivering a surprise of -6.78%.Over the last four quarters, the com ...
LVSC(LVS) - 2024 Q3 - Quarterly Results
2024-10-23 20:08
EXHIBIT 99.1 PRESS RELEASE For Immediate Release Las Vegas Sands Reports Third Quarter 2024 Results For the quarter ended September 30, 2024 • Net Revenue of $2.68 billion and Net Income of $353 million • Consolidated Adjusted Property EBITDA of $991 million • Macao Adjusted Property EBITDA of $585 million ◦ Low Hold on Rolling Play in Macao Negatively Impacted Adjusted Property EBITDA by $2 million • Marina Bay Sands Adjusted Property EBITDA of $406 million ◦ Low Hold on Rolling Play at Marina Bay Sands Ne ...
Las Vegas Sands Reports Third Quarter 2024 Results
Prnewswire· 2024-10-23 20:05
For the quarter ended September 30, 2024Net Revenue of $2.68 billion and Net Income of $353 millionConsolidated Adjusted Property EBITDA of $991 millionMacao Adjusted Property EBITDA of $585 millionLow Hold on Rolling Play in Macao Negatively Impacted Adjusted Property EBITDA by $2 millionMarina Bay Sands Adjusted Property EBITDA of $406 millionLow Hold on Rolling Play at Marina Bay Sands Negatively Impacted Adjusted Property EBITDA by $78 millionLVS Repurchased $450 million of Common StockLVS Board of Dire ...
Off-Strip Domination: Why Red Rock Is My Favorite Hotel And Casino In Vegas
Seeking Alpha· 2024-10-20 15:04
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...
Exploring Analyst Estimates for Las Vegas Sands (LVS) Q3 Earnings, Beyond Revenue and EPS
ZACKS· 2024-10-18 14:20
Core Viewpoint - Analysts project that Las Vegas Sands (LVS) will report quarterly earnings of $0.56 per share, reflecting a year-over-year increase of 1.8%, with revenues expected to remain unchanged at $2.8 billion [1] Earnings Estimates - The consensus EPS estimate for the quarter has been adjusted upward by 0.2% over the past 30 days, indicating a reassessment by covering analysts [1] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock performance [1] Revenue Projections - Analysts estimate 'Revenue- Total Macao' at $1.76 billion, a decrease of 1.4% from the prior-year quarter [2] - 'Net Revenues- Marina Bay Sands' are projected to reach $1.06 billion, representing a year-over-year increase of 4% [2] - 'Net Revenues- The Plaza Macao and Four Seasons Macao' are estimated at $238.17 million, indicating a significant increase of 24% from the prior-year quarter [2] Key Metrics - 'Net Revenues- Sands Macao' is expected to be $83.08 million, showing a slight increase of 0.1% year-over-year [3] - 'Slot handle - Marina Bay Sands' is projected at $6.46 billion, up from $6.36 billion in the same quarter last year [3] - 'RevPAR - Marina Bay Sands' is forecasted to reach $727.51, compared to $656 in the same quarter last year [3] - 'Rolling Chip volume - Marina Bay Sands' is estimated at $8.33 billion, an increase from $8.15 billion year-over-year [3] - 'Non-Rolling Chip table games drop - Marina Bay Sands' is expected to be $2.06 billion, up from $1.94 billion in the same quarter last year [3] Additional Insights - 'Rolling Chip volume - The Londoner Macao' is projected at $1.91 billion, compared to $1.56 billion in the same quarter last year [4] - 'Rolling Chip win percentage - Sands Cotai Central' is expected to be 2.7%, down from 3.9% in the previous year [4] - 'Slot handle - Sands Cotai Central' is estimated at $1.61 billion, compared to $1.50 billion year-over-year [4] - 'Slot hold percentage - The Londoner Macao' is projected to remain at 4.0%, unchanged from the previous year [4] Stock Performance - Shares of Las Vegas Sands have increased by 20.7% in the past month, outperforming the Zacks S&P 500 composite, which moved up by 3.8% [5]
Sands to Release Third Quarter 2024 Financial Results
Prnewswire· 2024-10-16 20:05
LAS VEGAS, Oct. 16, 2024 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) will release its third quarter 2024 financial results on Wednesday, October 23, 2024, after market close.The company will host a conference call to discuss its results at approximately 1:30 p.m. Pacific Time.A webcast of the conference call will be available at www.investor.sands.com.   About Sands (NYSE: LVS)Sands is the leading global developer and operator of integrated resorts. The company's iconic properties drive valuable leisure and ...
Las Vegas Sands Prepares for Q3 Earnings: Key Insights Ahead
ZACKS· 2024-10-14 15:51
Las Vegas Sands Corp.'s (LVS) revenues are likely to decrease, while earnings are expected to remain flat year over year in third-quarter 2024.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.In the last reported quarter, earnings and revenues missed the Zacks Consensus Estimate by 6.8% and 2.7%, respectively. However, the metrics increased on a year-over-year basis by 19.6% and 8.6%, respectively.How Are Estimates Placed for LVS’ Q3?The Zacks Consensus Estimate for third-quarter ear ...
Las Vegas Sands and Hispanic Association of Colleges and Universities Select 13 Hospitality Scholarship Recipients
Prnewswire· 2024-10-10 17:00
The Sands Hospitality Advancement Scholarships with HACU support hospitality students from Hispanic-serving institutions in Las Vegas and the Dallas-Fort Worth metro area.LAS VEGAS, Oct. 10, 2024 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) today announced it has partnered with the Hispanic Association of Colleges and Universities (HACU) to award 13 students at HACU-member schools with Sands Hospitality Advancement Scholarships in support of their preparation for careers in the travel, tourism and leisure in ...
Las Vegas Sands (LVS) Expected to Beat Earnings Estimates: Should You Buy?
ZACKS· 2024-10-09 15:03
Las Vegas Sands (LVS) is expected to deliver flat earnings compared to the year-ago quarter on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, ...