Las Vegas Sands Earnings Are on Deck

Las Vegas Sands (NYSE: LVS  ) is expected to report Q3 earnings around Oct. 26. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Las Vegas Sands's revenues will increase 19.8% and EPS will increase 10.9%.

The average estimate for revenue is $2.89 billion. On the bottom line, the average EPS estimate is $0.61.

Revenue details
Last quarter, Las Vegas Sands tallied revenue of $2.58 billion. GAAP reported sales were 10% higher than the prior-year quarter's $2.35 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.44. GAAP EPS of $0.29 for Q2 were 36% lower than the prior-year quarter's $0.45 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 44.8%, 390 basis points worse than the prior-year quarter. Operating margin was 19.3%, 690 basis points worse than the prior-year quarter. Net margin was 9.3%, 820 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $11.22 billion. The average EPS estimate is $2.35.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,806 members out of 2,121 rating the stock outperform, and 315 members rating it underperform. Among 460 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 405 give Las Vegas Sands a green thumbs-up, and 55 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Las Vegas Sands is outperform, with an average price target of $62.65.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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  • Report this Comment On October 22, 2012, at 9:49 AM, JF125780 wrote:

    Thanks Seth for another very informative article,

    It's hard to get reliable information on LVS and the other gaming stocks.

    Danny Kowkabany

  • Report this Comment On October 22, 2012, at 2:10 PM, spokanimal wrote:

    C'mon bud... you can't throw up graphs like that without discussing the impact of "normalization".

    Sands experienced a huge disparity between it's Q1 numbers and it's Q2 numbers primarily due to one-off items and "luck".

    Sand's properties played exceptionally lucky in Q1 and exceptionally unlucky in Q2.

    The company also saw it's ramp-up in revenues at Cotai Central, it's newest resort, not accompanied by a similar ramp-up in earnings. The reason was because phase 2 of that resort, which opened a few weeks ago, was producing a lot of the overall resort's expenses in Q2, but producing none of it's revenues.

    At least give reality a footnote while you're putting up such raw charts... otherwire, your article is pure garbage!


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