Las Vegas Sands Corp. Second Quarter Earnings Sneak Peek

Las Vegas Sands Corp. (NYSE:LVS) will unveil its latest earnings on Tuesday, July 26, 2011. Las Vegas Sands Corp. develops integrated resorts worldwide. It owns and operates The Venetian Resort Hotel Casino, The Palazzo Resort Hotel Casino and an expo and convention center.

Las Vegas Sands Corp. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 44 cents per share, a rise of fourfold from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down, but has risen from 43 cents during the last month. For the year, analysts are projecting net income of $1.71 per share, a rise of 74.5% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported profit of 37 cents per share versus a mean estimate of net income of 45 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by 4 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.21 billion in revenue this quarter, a rise of 39% from the year ago quarter. Analysts are forecasting total revenue of $8.87 billion for the year, a rise of 29.5% from last year’s revenue of $6.85 billion.

Analyst Ratings: Analysts are bullish on this stock with 20 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 58.2%, 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 boosted its gross margin by 8.5 percentage points in the in the first quarter. Revenue rose 58.2% while cost of sales rose 36.5% to $1.13 billion from a year earlier.

Competitors to Watch: MGM Resorts International. (NYSE:MGM), Wynn Resorts, Limited (NASDAQ:WYNN), Melco Crown Entertainment Ltd (NASDAQ:MPEL), Boyd Gaming Corporation (NYSE:BYD), Century Casinos, Inc. (NASDAQ:CNTY), and Ameristar Casinos, Inc. (NASDAQ:ASCA).

Stock Price Performance: During June 20, 2011 to July 19, 2011, the stock price had risen $7.33 (19.4%) from $37.82 to $45.15. The stock price saw one of its best stretches over the last year between October 21, 2010 and November 4, 2010 when shares rose for 11-straight days, rising 36.9% (+$14.03) over that span. It saw one of its worst periods between June 2, 2011 and June 13, 2011 when shares fell for eight-straight days, falling 8.1% (-$3.41) over that span. Shares are down 80 cents (-1.7%) year to date.

(Source: Xignite Financials)

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