Las Vegas Sands Corp. (LVS - Free Report) is scheduled to report first-quarter 2023 results on Apr 19 after the closing bell. In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 90%.
Q1 Estimates
The Zacks Consensus Estimate for the bottom line is pegged at 17 cents per share. A loss of 40 cents was reported in the prior-year quarter. The consensus mark for revenues is pegged at $1.8 billion, indicating growth of 91% from the year-ago reported figure.
Factors to Note
LVS is likely to have benefited from improvement in visitation and higher spending at the premium mass level. With the easing of restrictions and recovery in travel and tourism in Macau, the company anticipates generating strong positive cash flows from the region in the days ahead. Emphasis on new project investments and revenue diversification efforts will likely have aided the company’s performance in the to-be-reported quarter.
Las Vegas Sands is expected to witness revenue growth across its segments.
The consensus mark for net revenues for Sand Cotai Central, Parisian Macau, Marine Bay Sands, Four Seasons Hotel Macau and Venetian Macau is pegged at $233 million, $142 million, $812 million, $132 million and $387 million, indicating improvements of 92.6%, 91.9%, 103.5%, 29.4% and 70.5%, respectively, from the prior-year quarter.
What the Zacks Model Unveils
Our proven model predicts an earnings beat for Las Vegas Sands this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Las Vegas Sands has a Zacks Rank #3 and an Earnings ESP of +38.84%.
Stocks Poised to Beat Earnings Estimates
Here we present some other stocks that you may want to consider, as our model shows that these too have the right combination of elements to post an earnings beat this season4.
Choice Hotels International, Inc. (CHH - Free Report) has an Earnings ESP of +2.35% and a Zacks Rank #3.
The stock has declined 17.5% in the past year. CHH’s earnings surpassed the consensus mark twice in the trailing four quarters and missed twice, the average surprise being 3.5%.
Wynn Resorts, Limited (WYNN - Free Report) has an Earnings ESP of +145.20% and a Zacks Rank #2.
Shares of Wynn Resorts have surged 49% in the past year. WYNN’s earnings beat estimates in two of the trailing four quarters and missed twice, the average surprise being 0.6%.
Civeo Corporation (CVEO - Free Report) has an Earnings ESP of +38.46% and a Zacks Rank #3.
Shares of Civeo have declined 17.2% in the past year. CVEO’s earnings beat estimates in three of the trailing four quarters and missed once, the average surprise being 26.1%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Free Report – The Bitcoin Profit Phenomenon
Zacks Investment Research has released a Special Report to help you pursue massive profits from the world’s first and largest decentralized form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%.
Zacks predicts another significant surge. Click below for Bitcoin: A Tumultuous Yet Resilient History.
Download Now – Today It’s FREE >>
Las Vegas Sands Corp. (LVS - Free Report) is scheduled to report first-quarter 2023 results on Apr 19 after the closing bell. In the last reported quarter, the company’s earnings missed the Zacks Consensus Estimate by 90%.
Q1 Estimates
The Zacks Consensus Estimate for the bottom line is pegged at 17 cents per share. A loss of 40 cents was reported in the prior-year quarter. The consensus mark for revenues is pegged at $1.8 billion, indicating growth of 91% from the year-ago reported figure.
Factors to Note
LVS is likely to have benefited from improvement in visitation and higher spending at the premium mass level. With the easing of restrictions and recovery in travel and tourism in Macau, the company anticipates generating strong positive cash flows from the region in the days ahead. Emphasis on new project investments and revenue diversification efforts will likely have aided the company’s performance in the to-be-reported quarter.
Las Vegas Sands is expected to witness revenue growth across its segments.
The consensus mark for net revenues for Sand Cotai Central, Parisian Macau, Marine Bay Sands, Four Seasons Hotel Macau and Venetian Macau is pegged at $233 million, $142 million, $812 million, $132 million and $387 million, indicating improvements of 92.6%, 91.9%, 103.5%, 29.4% and 70.5%, respectively, from the prior-year quarter.
What the Zacks Model Unveils
Our proven model predicts an earnings beat for Las Vegas Sands this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Las Vegas Sands has a Zacks Rank #3 and an Earnings ESP of +38.84%.
Stocks Poised to Beat Earnings Estimates
Here we present some other stocks that you may want to consider, as our model shows that these too have the right combination of elements to post an earnings beat this season4.
Choice Hotels International, Inc. (CHH - Free Report) has an Earnings ESP of +2.35% and a Zacks Rank #3.
The stock has declined 17.5% in the past year. CHH’s earnings surpassed the consensus mark twice in the trailing four quarters and missed twice, the average surprise being 3.5%.
Wynn Resorts, Limited (WYNN - Free Report) has an Earnings ESP of +145.20% and a Zacks Rank #2.
Shares of Wynn Resorts have surged 49% in the past year. WYNN’s earnings beat estimates in two of the trailing four quarters and missed twice, the average surprise being 0.6%.
Civeo Corporation (CVEO - Free Report) has an Earnings ESP of +38.46% and a Zacks Rank #3.
Shares of Civeo have declined 17.2% in the past year. CVEO’s earnings beat estimates in three of the trailing four quarters and missed once, the average surprise being 26.1%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Free Report – The Bitcoin Profit Phenomenon
Zacks Investment Research has released a Special Report to help you pursue massive profits from the world’s first and largest decentralized form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%.
Zacks predicts another significant surge. Click below for Bitcoin: A Tumultuous Yet Resilient History.
Download Now – Today It’s FREE >>
Get the latest research report on LVS - FREE
Get the latest research report on WYNN - FREE
Get the latest research report on CHH - FREE
Get the latest research report on CVEO - FREE