We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Las Vegas Sands (LVS) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Read MoreHide Full Article
Las Vegas Sands (LVS - Free Report) reported $2.96 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 39.6%. EPS of $0.75 for the same period compares to $0.28 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.94 billion, representing a surprise of +0.64%. The company delivered an EPS surprise of +20.97%, with the consensus EPS estimate being $0.62.
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:
Rolling Chip volume - Marina Bay Sands: $8.24 billion versus $7.49 billion estimated by three analysts on average.
Non-Rolling Chip table games drop - Marina Bay Sands: $2.16 billion versus $1.84 billion estimated by three analysts on average.
RevPAR - Marina Bay Sands: $677 versus the three-analyst average estimate of $622.41.
Slot handle - Marina Bay Sands: $6.62 billion compared to the $6 billion average estimate based on three analysts.
Net Revenues- Marina Bay Sands: $1.16 billion compared to the $989.21 million average estimate based on four analysts. The reported number represents a change of +36.6% year over year.
Net Revenues- Sands Macao: $76 million compared to the $110.84 million average estimate based on three analysts. The reported number represents a change of +2.7% year over year.
Net Revenues- The Plaza Macao and Four Seasons Macao: $142 million compared to the $217.38 million average estimate based on three analysts. The reported number represents a change of -17.4% year over year.
Net Revenues- The Parisian Macao: $230 million compared to the $253.53 million average estimate based on three analysts. The reported number represents a change of +32.2% year over year.
Net Revenues- The Londoner Macao: $562 million versus the three-analyst average estimate of $557.42 million. The reported number represents a year-over-year change of +98.6%.
Net Revenues- The Venetian Macao: $771 million versus the three-analyst average estimate of $799.05 million. The reported number represents a year-over-year change of +38.2%.
Revenue- Marina Bay Sands- Casino: $859 million versus the three-analyst average estimate of $697.67 million.
Revenue- Marina Bay Sands- Rooms: $126 million compared to the $111.72 million average estimate based on three analysts.
Shares of Las Vegas Sands have returned -0.5% over the past month versus the Zacks S&P 500 composite's -1.1% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Las Vegas Sands (LVS) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Las Vegas Sands (LVS - Free Report) reported $2.96 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 39.6%. EPS of $0.75 for the same period compares to $0.28 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.94 billion, representing a surprise of +0.64%. The company delivered an EPS surprise of +20.97%, with the consensus EPS estimate being $0.62.
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:
- Rolling Chip volume - Marina Bay Sands: $8.24 billion versus $7.49 billion estimated by three analysts on average.
- Non-Rolling Chip table games drop - Marina Bay Sands: $2.16 billion versus $1.84 billion estimated by three analysts on average.
- RevPAR - Marina Bay Sands: $677 versus the three-analyst average estimate of $622.41.
- Slot handle - Marina Bay Sands: $6.62 billion compared to the $6 billion average estimate based on three analysts.
- Net Revenues- Marina Bay Sands: $1.16 billion compared to the $989.21 million average estimate based on four analysts. The reported number represents a change of +36.6% year over year.
- Net Revenues- Sands Macao: $76 million compared to the $110.84 million average estimate based on three analysts. The reported number represents a change of +2.7% year over year.
- Net Revenues- The Plaza Macao and Four Seasons Macao: $142 million compared to the $217.38 million average estimate based on three analysts. The reported number represents a change of -17.4% year over year.
- Net Revenues- The Parisian Macao: $230 million compared to the $253.53 million average estimate based on three analysts. The reported number represents a change of +32.2% year over year.
- Net Revenues- The Londoner Macao: $562 million versus the three-analyst average estimate of $557.42 million. The reported number represents a year-over-year change of +98.6%.
- Net Revenues- The Venetian Macao: $771 million versus the three-analyst average estimate of $799.05 million. The reported number represents a year-over-year change of +38.2%.
- Revenue- Marina Bay Sands- Casino: $859 million versus the three-analyst average estimate of $697.67 million.
- Revenue- Marina Bay Sands- Rooms: $126 million compared to the $111.72 million average estimate based on three analysts.
View all Key Company Metrics for Las Vegas Sands here>>>Shares of Las Vegas Sands have returned -0.5% over the past month versus the Zacks S&P 500 composite's -1.1% 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.