Las Vegas Sands (LVS - Free Report) reported $2.92 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 161%. EPS of $0.57 for the same period compares to -$0.19 a year ago.
The reported revenue represents a surprise of +1.30% over the Zacks Consensus Estimate of $2.88 billion. With the consensus EPS estimate being $0.63, the EPS surprise was -9.52%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Las Vegas Sands performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Slot handle - Marina Bay Sands: $6.23 billion compared to the $6.37 billion average estimate based on three analysts.
- RevPAR - Marina Bay Sands: $611 compared to the $609.25 average estimate based on three analysts.
- Rolling Chip volume - Marina Bay Sands: $7.24 billion versus $7.69 billion estimated by three analysts on average.
- Non-Rolling Chip table games drop - Marina Bay Sands: $1.89 billion versus the three-analyst average estimate of $1.88 billion.
- Net Revenues- Marina Bay Sands: $1.06 billion versus $1.02 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +55.6% change.
- Net Revenues- The Parisian Macao: $222 million versus $258.87 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +335.3% change.
- Revenue- Marina Bay Sands- Casino: $741 million compared to the $694.17 million average estimate based on three analysts.
- Revenue- Marina Bay Sands- Rooms: $117 million versus $115.84 million estimated by three analysts on average.
- Net Revenues- The Londoner Macao: $589 million versus the three-analyst average estimate of $518.36 million. The reported number represents a year-over-year change of +533.3%.
- Net Revenues- The Plaza Macao and Four Seasons Macao: $192 million versus the three-analyst average estimate of $217.50 million. The reported number represents a year-over-year change of +156%.
- Net Revenues- Sands Macao: $81 million versus $97.39 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +376.5% change.
- Net Revenues- The Venetian Macao: $748 million versus $773.79 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +272.1% change.
View all Key Company Metrics for Las Vegas Sands here>>>Shares of Las Vegas Sands have remained unchanged over the past month versus the Zacks S&P 500 composite's +2.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Las Vegas Sands (LVS - Free Report) reported $2.92 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 161%. EPS of $0.57 for the same period compares to -$0.19 a year ago.
The reported revenue represents a surprise of +1.30% over the Zacks Consensus Estimate of $2.88 billion. With the consensus EPS estimate being $0.63, the EPS surprise was -9.52%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Las Vegas Sands performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Slot handle - Marina Bay Sands: $6.23 billion compared to the $6.37 billion average estimate based on three analysts.
- RevPAR - Marina Bay Sands: $611 compared to the $609.25 average estimate based on three analysts.
- Rolling Chip volume - Marina Bay Sands: $7.24 billion versus $7.69 billion estimated by three analysts on average.
- Non-Rolling Chip table games drop - Marina Bay Sands: $1.89 billion versus the three-analyst average estimate of $1.88 billion.
- Net Revenues- Marina Bay Sands: $1.06 billion versus $1.02 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +55.6% change.
- Net Revenues- The Parisian Macao: $222 million versus $258.87 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +335.3% change.
- Revenue- Marina Bay Sands- Casino: $741 million compared to the $694.17 million average estimate based on three analysts.
- Revenue- Marina Bay Sands- Rooms: $117 million versus $115.84 million estimated by three analysts on average.
- Net Revenues- The Londoner Macao: $589 million versus the three-analyst average estimate of $518.36 million. The reported number represents a year-over-year change of +533.3%.
- Net Revenues- The Plaza Macao and Four Seasons Macao: $192 million versus the three-analyst average estimate of $217.50 million. The reported number represents a year-over-year change of +156%.
- Net Revenues- Sands Macao: $81 million versus $97.39 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +376.5% change.
- Net Revenues- The Venetian Macao: $748 million versus $773.79 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +272.1% change.
View all Key Company Metrics for Las Vegas Sands here>>>Shares of Las Vegas Sands have remained unchanged over the past month versus the Zacks S&P 500 composite's +2.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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