Las Vegas Sands (NYSE: LVS ) reported earnings on May 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Las Vegas Sands met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share expanded. GAAP earnings per share expanded.
Margins contracted across the board.
Las Vegas Sands recorded revenue of $3.30 billion. The 22 analysts polled by S&P Capital IQ hoped for a top line of $3.27 billion on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $2.76 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.71. The 23 earnings estimates compiled by S&P Capital IQ forecast $0.67 per share. Non-GAAP EPS of $0.71 for Q1 were 1.4% higher than the prior-year quarter's $0.70 per share. GAAP EPS of $0.69 for Q1 were 13% higher than the prior-year quarter's $0.61 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 35.1%, much worse than the prior-year quarter. Operating margin was 25.1%, 210 basis points worse than the prior-year quarter. Net margin was 17.3%, 80 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $3.20 billion. On the bottom line, the average EPS estimate is $0.64.
Next year's average estimate for revenue is $13.23 billion. The average EPS estimate is $2.76.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,823 members out of 2,135 rating the stock outperform, and 312 members rating it underperform. Among 467 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 422 give Las Vegas Sands a green thumbs-up, and 45 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 $60.13.
Looking for alternatives to Las Vegas Sands? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Las Vegas Sands to My Watchlist.