Las Vegas Sands
The 10-second takeaway
For the quarter ended June 30 (Q2), Las Vegas Sands missed slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share increased significantly.
Gross margins contracted, operating margins grew, net margins grew.
Las Vegas Sands tallied revenue of $3.24 billion. The 22 analysts polled by S&P Capital IQ looked for revenue of $3.30 billion on the same basis. GAAP reported sales were 26% higher than the prior-year quarter's $2.58 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 $0.65. The 24 earnings estimates compiled by S&P Capital IQ predicted $0.68 per share. Non-GAAP EPS of $0.65 for Q2 were 48% higher than the prior-year quarter's $0.44 per share. GAAP EPS of $0.64 for Q2 were 121% higher than the prior-year quarter's $0.29 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 33.9%, much worse than the prior-year quarter. Operating margin was 24.2%, 490 basis points better than the prior-year quarter. Net margin was 16.3%, 700 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $3.37 billion. On the bottom line, the average EPS estimate is $0.72.
Next year's average estimate for revenue is $13.46 billion. The average EPS estimate is $2.88.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,830 members out of 2,141 rating the stock outperform, and 311 members rating it underperform. Among 470 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 426 give Las Vegas Sands a green thumbs-up, and 44 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 $63.76.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.