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Las Vegas Sands (LVS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

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For the quarter ended September 2026, Las Vegas Sands (LVS - Free Report) reported revenue of $3.22 billion, down 3.5% over the same period last year. EPS came in at $0.54, compared to $0.78 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $3.32 billion, representing a surprise of -3.23%. The company delivered an EPS surprise of -23.94%, with the consensus EPS estimate being $0.71.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

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: $8.43 billion versus $9.25 billion estimated by four analysts on average.
  • Non-Rolling Chip table games drop - Marina Bay Sands: $2.87 billion versus $2.68 billion estimated by four analysts on average.
  • Rolling Chip win percentage - Marina Bay Sands: 4.5% versus the four-analyst average estimate of 4.2%.
  • Non-Rolling Chip table games win percentage - Marina Bay Sands: 18.7% versus the four-analyst average estimate of 22.5%.
  • Net Revenues- Marina Bay Sands: $1.29 billion versus $1.38 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -9.9% change.
  • Net Revenues- The Londoner Macao: $685 million compared to the $748.9 million average estimate based on four analysts. The reported number represents a change of -0.2% year over year.
  • Net Revenues- The Plaza Macao and Four Seasons Macao: $238 million versus $200.86 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +15.5% change.
  • Revenue- Marina Bay Sands- Rooms: $162 million versus the four-analyst average estimate of $159.65 million. The reported number represents a year-over-year change of +5.2%.
  • Net Revenues- The Venetian Macao: $649 million versus the four-analyst average estimate of $647.32 million. The reported number represents a year-over-year change of -6.2%.
  • Revenue- Marina Bay Sands- Mall: $70 million compared to the $73.35 million average estimate based on four analysts. The reported number represents a change of +1.5% year over year.
  • Revenue- Marina Bay Sands- Casino: $916 million versus $1.01 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -15% change.
  • Net Revenues- The Parisian Macao: $231 million versus the four-analyst average estimate of $237.78 million. The reported number represents a year-over-year change of +6%.

View all Key Company Metrics for Las Vegas Sands here>>>

Shares of Las Vegas Sands have returned -3.9% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

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