Las Vegas Sands Corp. (LVS - Free Report) is scheduled to report second-quarter 2023 results on Jul 19. In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 64.7%.
Q2 Estimates
The Zacks Consensus Estimate for earnings is pegged at 42 cents per share. The company reported a loss of 34 cents in the prior-year quarter. The consensus mark for revenues is pegged at $2.31 billion, indicating an improvement of 120.8% 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 easing of restrictions, and recovery in travel and tourism in Macao, management anticipates generating strong positive cash flows from the region. Emphasis on new project investments and revenue diversification efforts are likely to have aided LVS’ performance in the to-be-reported quarter.
Las Vegas Sands is expected to witness revenue growth across its segments. Our model predicts net revenues for Venetian Macao, Londoner Macao, Parisian Macao, Sands Macao and Marina Bay Sands to witness growth of 286.1%, 242.7%, 466.9%, 268.7% and 11.1% year over year to $579.1 million, $270.7 million, $238.1 million, $62.7 million and $754.7 million, respectively.
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 uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Las Vegas Sands has an Earnings ESP of +7.46% and carries a Zacks Rank #2.
Other Stocks Poised to Beat Earnings Estimates
Here are some stocks you may also want to consider, as our model shows that these too have the right combination of elements to post an earnings beat.
MGM Resorts International (MGM - Free Report) has an Earnings ESP of +38.00% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of MGM Resorts have increased 8% in the past year. MGM’s earnings beat estimates in two of the trailing four quarters and missed twice, the average surprise being 81%.
Penn National Gaming, Inc. (PENN - Free Report) has an Earnings ESP of +13.44% and a Zacks Rank #3.
Shares of Penn National have declined 6.8% in the past three months. PENN’s earnings beat estimates in one of the trailing four quarters and missed thrice, the average negative surprise being 15%.
Hasbro, Inc. (HAS - Free Report) has an Earnings ESP of +16.67% and a Zacks Rank #3.
Shares of Hasbro have increased 23.9% in the past three months. HAS’ earnings beat estimates in two of the trailing four quarters and missed twice, the average negative surprise being 12.7%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Las Vegas Sands Corp. (LVS - Free Report) is scheduled to report second-quarter 2023 results on Jul 19. In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 64.7%.
Q2 Estimates
The Zacks Consensus Estimate for earnings is pegged at 42 cents per share. The company reported a loss of 34 cents in the prior-year quarter. The consensus mark for revenues is pegged at $2.31 billion, indicating an improvement of 120.8% 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 easing of restrictions, and recovery in travel and tourism in Macao, management anticipates generating strong positive cash flows from the region. Emphasis on new project investments and revenue diversification efforts are likely to have aided LVS’ performance in the to-be-reported quarter.
Las Vegas Sands is expected to witness revenue growth across its segments. Our model predicts net revenues for Venetian Macao, Londoner Macao, Parisian Macao, Sands Macao and Marina Bay Sands to witness growth of 286.1%, 242.7%, 466.9%, 268.7% and 11.1% year over year to $579.1 million, $270.7 million, $238.1 million, $62.7 million and $754.7 million, respectively.
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 uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Las Vegas Sands has an Earnings ESP of +7.46% and carries a Zacks Rank #2.
Other Stocks Poised to Beat Earnings Estimates
Here are some stocks you may also want to consider, as our model shows that these too have the right combination of elements to post an earnings beat.
MGM Resorts International (MGM - Free Report) has an Earnings ESP of +38.00% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of MGM Resorts have increased 8% in the past year. MGM’s earnings beat estimates in two of the trailing four quarters and missed twice, the average surprise being 81%.
Penn National Gaming, Inc. (PENN - Free Report) has an Earnings ESP of +13.44% and a Zacks Rank #3.
Shares of Penn National have declined 6.8% in the past three months. PENN’s earnings beat estimates in one of the trailing four quarters and missed thrice, the average negative surprise being 15%.
Hasbro, Inc. (HAS - Free Report) has an Earnings ESP of +16.67% and a Zacks Rank #3.
Shares of Hasbro have increased 23.9% in the past three months. HAS’ earnings beat estimates in two of the trailing four quarters and missed twice, the average negative surprise being 12.7%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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