Preview: Las Vegas Sands's Earnings

Las Vegas Sands (NYSE:LVS) is gearing up to announce its quarterly earnings on Wednesday, 2024-10-23. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Las Vegas Sands will report an earnings per share (EPS) of $0.54.

Anticipation surrounds Las Vegas Sands's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Performance in Previous Earnings

Last quarter the company missed EPS by $0.01, which was followed by a 2.43% drop in the share price the next day.

Here's a look at Las Vegas Sands's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.56

0.61

0.61

0.55

EPS Actual

0.55

0.75

0.57

0.55

Price Change %

-2.0%

-9.0%

1.0%

3.0%

Tracking Las Vegas Sands's Stock Performance

Shares of Las Vegas Sands were trading at $51.17 as of October 21. Over the last 52-week period, shares are up 9.94%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Take on Las Vegas Sands

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Las Vegas Sands.

Las Vegas Sands has received a total of 12 ratings from analysts, with the consensus rating as Outperform. With ...