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.
How Will Las Vegas Sands' (LVS) Top Line Shape Up in Q4?
Read MoreHide Full Article
Las Vegas Sands Corp. (LVS - Free Report) is slated to release fourth-quarter 2017 numbers on Jan 24, after market close. The company’s top line in the to-be-reported quarter is expected to be driven by strength across its Asia and domestic operations.
Shares of the company have rallied 18.8% in the past six months, outperforming the industry’s gain of 13.4%.
Let’s take a look at how the company’s net revenues will take shape in the to-be-reported quarter.
Revenues From Asian Operations Likely to Increase
Las Vegas Sands sees tremendous potential to upgrade and expand its Macao properties and continues to invest heavily toward this end. We believe that fourth quarter will bear the fruits of continual focus in expanding both gaming and non-gaming services in Asia.
Per the Zacks Consensus Estimate, Sands Cotai Central revenues are expected to grow 6.5% in the fourth quarter from the prior-year quarter. This is notably against the downtrend over the first nine months of 2017, when net revenues fell 8.9% year over year.
The consensus estimate for fourth-quarter revenues in Venetian Macao reflects 1.4% year-over-year growth, despite the first nine months of 2017 seeing a 1.9% year-over-year decline in the resort’s revenues.
Further, Sands Macao revenues are expected to witness 0.6% year-over-year growth in the fourth quarter of 2017. However, it saw a 7.8% decline in the first nine months of 2017, compared to the previous year.
Although revenues in The Plaza Macao and Four Seasons Hotel Macao are expected to decrease 9.2% from the fourth quarter of 2016, the consensus estimate projects sequential growth in the to-be-reported quarter. However, net revenues at these resorts fell 1.6% in the first nine months of 2017 from the year-ago level.
Marina Bay Sands in Singapore is expected to record net revenue growth of 7.3% in fourth-quarter 2017, as compared with the year-ago level. In fact, in the first nine months of 2017, the resort recorded 12.2% year-over-year revenue growth.
Growth Driving Efforts in Las Vegas to Pay Off
The company is focusing on renovation and promotion of its Las Vegas properties in order to drive segmental performance. The improvement in employment rate and the rise in tourism numbers in the region have been boosting demand at the company’s properties in the region. Further, the diversification of its resort portfolio and non-gaming options would contribute highly to revenues.
The consensus estimate projects revenues from Las Vegas operations at $396 million in the fourth quarter, reflecting 4.8% sequential growth. Moreover, in the first nine months of 2017, revenues from Las Vegas operations increased 6.3% a year ago.
Our Take
We believe that the company’s solid business model, extensive non-gaming revenue opportunities, high quality assets and attractive property locations will continue to help gain traction in the to-be-reported quarter. Moreover, some entertainment offerings in the pipeline are expected to deliver profitable results across the company’s properties in the fourth quarter.
Subsequently, the consensus estimate for fourth-quarter revenues is pegged at $3.21 billion, reflecting 4.2% year-over-year growth.
Wynn Resorts’ and Melco’s 2018 earnings estimates are projected to grow 26.5% and 19.8%, respectively. Penn National’s current-quarter earnings are expected to increase 260%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
How Will Las Vegas Sands' (LVS) Top Line Shape Up in Q4?
Las Vegas Sands Corp. (LVS - Free Report) is slated to release fourth-quarter 2017 numbers on Jan 24, after market close. The company’s top line in the to-be-reported quarter is expected to be driven by strength across its Asia and domestic operations.
Shares of the company have rallied 18.8% in the past six months, outperforming the industry’s gain of 13.4%.
Let’s take a look at how the company’s net revenues will take shape in the to-be-reported quarter.
Revenues From Asian Operations Likely to Increase
Las Vegas Sands sees tremendous potential to upgrade and expand its Macao properties and continues to invest heavily toward this end. We believe that fourth quarter will bear the fruits of continual focus in expanding both gaming and non-gaming services in Asia.
Per the Zacks Consensus Estimate, Sands Cotai Central revenues are expected to grow 6.5% in the fourth quarter from the prior-year quarter. This is notably against the downtrend over the first nine months of 2017, when net revenues fell 8.9% year over year.
The consensus estimate for fourth-quarter revenues in Venetian Macao reflects 1.4% year-over-year growth, despite the first nine months of 2017 seeing a 1.9% year-over-year decline in the resort’s revenues.
Further, Sands Macao revenues are expected to witness 0.6% year-over-year growth in the fourth quarter of 2017. However, it saw a 7.8% decline in the first nine months of 2017, compared to the previous year.
Although revenues in The Plaza Macao and Four Seasons Hotel Macao are expected to decrease 9.2% from the fourth quarter of 2016, the consensus estimate projects sequential growth in the to-be-reported quarter. However, net revenues at these resorts fell 1.6% in the first nine months of 2017 from the year-ago level.
Marina Bay Sands in Singapore is expected to record net revenue growth of 7.3% in fourth-quarter 2017, as compared with the year-ago level. In fact, in the first nine months of 2017, the resort recorded 12.2% year-over-year revenue growth.
Growth Driving Efforts in Las Vegas to Pay Off
The company is focusing on renovation and promotion of its Las Vegas properties in order to drive segmental performance. The improvement in employment rate and the rise in tourism numbers in the region have been boosting demand at the company’s properties in the region. Further, the diversification of its resort portfolio and non-gaming options would contribute highly to revenues.
The consensus estimate projects revenues from Las Vegas operations at $396 million in the fourth quarter, reflecting 4.8% sequential growth. Moreover, in the first nine months of 2017, revenues from Las Vegas operations increased 6.3% a year ago.
Our Take
We believe that the company’s solid business model, extensive non-gaming revenue opportunities, high quality assets and attractive property locations will continue to help gain traction in the to-be-reported quarter. Moreover, some entertainment offerings in the pipeline are expected to deliver profitable results across the company’s properties in the fourth quarter.
Subsequently, the consensus estimate for fourth-quarter revenues is pegged at $3.21 billion, reflecting 4.2% year-over-year growth.
Las Vegas Sands Corp. Revenue (TTM)
Las Vegas Sands Corp. Revenue (TTM) | Las Vegas Sands Corp. Quote
Zacks Rank & Other Stocks to Consider
Las Vegas Sands carries a Zacks Rank # 2 (Buy).
Other top-ranked stocks in the same space include Wynn Resorts, Limited (WYNN - Free Report) , Penn National Gaming, Inc. (PENN - Free Report) and Melco Resorts & Entertainment Limited (MLCO - Free Report) . While Wynn Resorts and Penn National sport a Zacks Rank #1 (Strong Buy), Melco carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Wynn Resorts’ and Melco’s 2018 earnings estimates are projected to grow 26.5% and 19.8%, respectively. Penn National’s current-quarter earnings are expected to increase 260%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>