Las Vegas Sands Corp. Third Quarter Earnings Sneak Peek

Las Vegas Sands Corp. (NYSE:LVS) will unveil its latest earnings on Thursday, October 27, 2011. 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.

Las Vegas Sands Corp. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 53 cents per share, a rise of 55.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 45 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 53 cents during the last month. For the year, analysts are projecting net income of $1.90 per share, a rise of 93.9% from last year.

Last quarter, the company came in at profit of 54 cents per share against a mean estimate of net income of 44 cents per share, beating estimates after missing them in the previous quarter. In the first quarter, it missed forecasts by 8 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 22.5% in revenue from the year-earlier quarter to $2.34 billion.

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

A Look Back: In the second quarter, profit rose 882.2% to $410.6 million (45 cents a share) from $41.8 million (-1 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 47.1% to $2.35 billion from $1.59 billion.

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 57.4%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 67.3% from the year earlier quarter.

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).

Stock Price Performance: During July 28, 2011 to October 21, 2011, the stock price had fallen $5.85 (-12.4%) from $47.14 to $41.29. The stock price saw one of its best stretches over the last year between October 25, 2010 and November 4, 2010 when shares rose for nine-straight days, rising 31.8% (+$12.56) 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 $4.66 (-10.1%) year to date.

(Source: Xignite Financials)

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