Las Vegas Sands
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Las Vegas Sands beat expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share shrank. GAAP earnings per share increased significantly.
Gross margins increased, operating margins dropped, net margins dropped.
Las Vegas Sands logged revenue of $3.23 billion. The 22 analysts polled by S&P Capital IQ predicted revenue of $3.03 billion on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $2.54 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 $0.54. The 23 earnings estimates compiled by S&P Capital IQ predicted $0.60 per share. Non-GAAP EPS of $0.54 for Q4 were 5.3% lower than the prior-year quarter's $0.57 per share. GAAP EPS of $0.53 for Q4 were 36% higher than the prior-year quarter's $0.39 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 159.1%, 610 basis points better than the prior-year quarter. Operating margin was 21.9%, 420 basis points worse than the prior-year quarter. Net margin was 14.1%, 300 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $3.24 billion. On the bottom line, the average EPS estimate is $0.66.
Next year's average estimate for revenue is $13.14 billion. The average EPS estimate is $2.73.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,816 members out of 2,125 rating the stock outperform, and 309 members rating it underperform. Among 480 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 427 give Las Vegas Sands a green thumbs-up, and 53 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 $51.98.
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