Las Vegas Sands Corp. Earnings Cheat Sheet: Another Solid Sales Quarter

Las Vegas Sands Corp. (NYSE:LVS) reported higher profit for the third quarter as revenue showed growth. Las Vegas Sands develops integrated resorts worldwide. It owns and operates The Venetian Resort Hotel Casino, The Palazzo Resort Hotel Casino, and an expo and convention center.

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Las Vegas Sands Corp Earnings Cheat Sheet for the Third Quarter

Results: Net income for Las Vegas Sands Corp. rose to $424.9 million (44 cents per share) vs. $214.5 million (21 cents per share) in the same quarter a year earlier. This marks a rise of 98.1% from the year earlier quarter.

Revenue: Rose 25.7% to $2.4 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: LVS reported adjusted net income of 55 cents per share. By that measure, the company beat the mean estimate of 53 cents per share. It beat the average revenue estimate of $2.34 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 51%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 67.3% from the year earlier quarter.

The company has now beaten estimates the last two quarters. In the second quarter, it topped expectations with net income of 54 cents versus a mean estimate of net income of 44 cents per share.

Looking Forward: Analysts are pessimistic about the company’s results for the next quarter. The average estimate has fallen for the fourth quarter to 53 cents per share, down from 54 cents seven days ago. Over the past three months, the average estimate for the fiscal year has climbed from $1.87 per to share to $1.90.

Competitors to Watch: MGM Resorts International. (NYSE:MGM), Wynn Resorts, Limited (NASDAQ:WYNN), Melco Crown Entertainment Ltd (NASDAQ:MPEL), Boyd Gaming Corporation (NYSE:BYD), Trans World Corporation (TWOC), Riviera Holdings Corp. (RVHLQ), Archon Corporation (ARHND), Century Casinos, Inc. (NASDAQ:CNTY), and Ameristar Casinos, Inc. (NASDAQ:ASCA).

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(Source: Xignite Financials)

 

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