Las Vegas Sands
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Las Vegas Sands missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share shrank.
Margins shrank across the board.
Las Vegas Sands reported revenue of $2.71 billion. The 20 analysts polled by S&P Capital IQ looked for revenue of $2.89 billion on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $2.41 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 $0.46. The 22 earnings estimates compiled by S&P Capital IQ predicted $0.61 per share. GAAP EPS of $0.42 for Q3 were 4.5% lower than the prior-year quarter's $0.44 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 44.7%, 480 basis points worse than the prior-year quarter. Operating margin was 19.7%, 660 basis points worse than the prior-year quarter. Net margin was 12.9%, 470 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.96 billion. On the bottom line, the average EPS estimate is $0.59.
Next year's average estimate for revenue is $11.04 billion. The average EPS estimate is $2.20.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,798 members out of 2,111 rating the stock outperform, and 313 members rating it underperform. Among 459 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 399 give Las Vegas Sands a green thumbs-up, and 60 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 $51.87.
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