Las Vegas Sands (LVS - Free Report) closed at $35.22 in the latest trading session, marking a -1.48% move from the prior day. This move was narrower than the S&P 500's daily loss of 2.37%. At the same time, the Dow lost 1.35%, and the tech-heavy Nasdaq lost 0.24%.
Coming into today, shares of the casino operator had lost 9.93% in the past month. In that same time, the Consumer Discretionary sector lost 9.74%, while the S&P 500 lost 6.51%.
Las Vegas Sands will be looking to display strength as it nears its next earnings release. In that report, analysts expect Las Vegas Sands to post earnings of -$0.20 per share. This would mark year-over-year growth of 55.56%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $975.74 million, up 13.86% from the year-ago period.
LVS's full-year Zacks Consensus Estimates are calling for earnings of -$1.10 per share and revenue of $4.35 billion. These results would represent year-over-year changes of +6.78% and +2.63%, respectively.
Investors should also note any recent changes to analyst estimates for Las Vegas Sands. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Las Vegas Sands currently has a Zacks Rank of #4 (Sell).
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 71, putting it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Las Vegas Sands (LVS - Free Report) closed at $35.22 in the latest trading session, marking a -1.48% move from the prior day. This move was narrower than the S&P 500's daily loss of 2.37%. At the same time, the Dow lost 1.35%, and the tech-heavy Nasdaq lost 0.24%.
Coming into today, shares of the casino operator had lost 9.93% in the past month. In that same time, the Consumer Discretionary sector lost 9.74%, while the S&P 500 lost 6.51%.
Las Vegas Sands will be looking to display strength as it nears its next earnings release. In that report, analysts expect Las Vegas Sands to post earnings of -$0.20 per share. This would mark year-over-year growth of 55.56%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $975.74 million, up 13.86% from the year-ago period.
LVS's full-year Zacks Consensus Estimates are calling for earnings of -$1.10 per share and revenue of $4.35 billion. These results would represent year-over-year changes of +6.78% and +2.63%, respectively.
Investors should also note any recent changes to analyst estimates for Las Vegas Sands. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Las Vegas Sands currently has a Zacks Rank of #4 (Sell).
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 71, putting it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on LVS - FREE