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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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!
S
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