Las Vegas Sands
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.
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