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Las Vegas Sands (LVS) Earnings Expected to Grow: Should You Buy?
ZACKS· 2025-01-15 16:06
Las Vegas Sands (LVS) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the ...
Sands China Holds Opening Ceremony for Philip Colbert's Iconic 'Lobster' Art Exhibition
Prnewswire· 2025-01-15 14:55
Maritime and cultural tourism exhibition features giant, eye-popping installations at five prominent locations in Macao                                                                MACAO, Jan. 15, 2025 /PRNewswire/ -- Sands China held an opening ceremony Wednesday at the Macao Science Center waterfront to celebrate world-famous pop art master Philip Colbert's colourful maritime and cultural tourism art exhibition, Coastal Fantasia: The Lobster King's Vacation in Macao, which features massive installations ...
Las Vegas Sands: Xi Jinping's Macau Visit Removes Long-Time Bearish Take On Stock
Seeking Alpha· 2024-12-25 12:01
The House Edge is widely recognized as the only marketplace service on the casino/gaming/online sports betting sectors, researched, written and available to SA readers by Howard Jay Klein, a 30 year c-suite veteran of the gaming industry. His inside out information and on the ground know how benefits from this unique perspective and his network of friends, former associates and colleagues in the industry contribute to a viewpoint has consistently produced superior returns. The House Edge consistently outper ...
Las Vegas Sands Named to the Dow Jones Sustainability Indices for World and North America
Prnewswire· 2024-12-23 18:00
The company was included on DJSI World and DJSI North America for the fifth consecutive year; subsidiary Sands China Ltd. was named to DJSI World and DJSI Asia Pacific for the third year. LAS VEGAS, Dec. 23, 2024 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) was again recognized on the Dow Jones Sustainability™ Indices (DJSI), with placement on both DJSI World and DJSI North America for the fifth consecutive year. Sands China Ltd., the company's Asian subsidiary, was named to DJSI World and DJSI Asia Pacific ...
Macao Enterprises Take Trip to Lisbon with Sands China
Prnewswire· 2024-12-04 13:57
Accessibility StatementSkip Navigation The initiative was organised by Sands China Ltd., co-organised by the Macao Economic and Technological Development Bureau (DSEDT), and supported by the Macao Science and Technology Development Fund (FDCT). It was coordinated by the Sands Resorts Incubation Centre, a company initiative that is dedicated to discovering and supporting local innovative enterprises with development potential. The visit had several objectives, including supporting the Macao government's init ...
Here's Why Investors Should Retain Las Vegas Sands Stock for Now
ZACKS· 2024-11-29 13:45
Core Viewpoint - Las Vegas Sands Corp. (LVS) is experiencing significant growth driven by a recovery in Macau, strategic investments in Singapore, and strong capital return initiatives, despite uncertainties in China [1][9]. Group 1: Growth Drivers - The Macao market is showing robust growth, with total gaming revenues increasing by 13% year-over-year to approximately $6.9 billion in Q3 2024, and mass gaming revenues rising by 14% to about $6.1 billion [3]. - LVS is optimistic about its growth in Singapore, where Marina Bay Sands generated $406 million in EBITDA in Q3 2024, with further earnings potential as rolling play normalizes [4]. - The company is focused on investing in scalable, high-quality assets that yield superior returns, positioning itself to capture a larger share of high-value tourism and leisure spending [5]. Group 2: Capital Returns - LVS is committed to rewarding shareholders, having repurchased shares worth $450 million in Q3 2024 and increased its buyback authorization to $2 billion [6]. - The company announced an increase in its annual dividend to $1 per share for 2025, reflecting confidence in its growth trajectory [6]. Group 3: Concerns - A significant portion of LVS' revenues comes from Macau, which is susceptible to external risks, with uneven recovery in gaming revenues and economic uncertainties in China potentially delaying full recovery [7]. - The rise of online gambling poses a threat to traditional casino operations, as markets like New Jersey and Pennsylvania show that online revenues can rival land-based gaming revenues [8]. Group 4: Conclusion - LVS is well-positioned for continued growth, supported by the recovery in Macau, developments in Singapore, and a strong commitment to shareholder value, despite facing uncertainties in China [9].
LVSC(LVS) - 2024 Q3 - Quarterly Report
2024-10-25 20:04
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-32373 LAS VEGAS SANDS CORP. (Exact name of registrant as specified in its charter) Nevada 27-0099920 (State or other jur ...
Las Vegas Sands Stock Seen As 'Overly Compelling' As Analysts Highlight Macau Recovery, Project Return To 'Pre-Pandemic Levels'
Benzinga· 2024-10-24 17:28
Las Vegas Sands Corp LVS receives praise from analysts for its strong position in Macau and the recovery of the region after missing third-quarter earnings per share and revenue estimates.The Las Vegas Sands Analysts: Morgan Stanley analyst Stephen Grambling maintained an Overweight rating on LVS with a $55 price target.Stifel analyst Steven Wieczynski maintained a Buy rating and raised the price target from $55 to $64.Read Also: Stocks Rise As China Signals More Stimulus, Billionaire David Tepper Bets Big ...
LVSC(LVS) - 2024 Q3 - Earnings Call Transcript
2024-10-24 01:01
Las Vegas Sands Corp. (NYSE:LVS) Q3 2024 Earnings Conference Call October 23, 2024 4:30 PM ET Company Participants Daniel Briggs - Senior Vice President, Investor Relations Robert Goldstein - Chairman and Chief Executive Officer Patrick Dumont - President and Chief Operating Officer Grant Chum - Chief Executive Officer and President, Sands China and Executive Vice President, Las Vegas Sands Asia Operations Wilfred Wong - Executive Vice Chairman, Sands China Conference Call Participants Joe Greff - JPMorgan ...
Las Vegas Sands (LVS) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-10-24 00:05
Las Vegas Sands (LVS) reported $2.68 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 4%. EPS of $0.44 for the same period compares to $0.55 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.79 billion, representing a surprise of -3.94%. The company delivered an EPS surprise of -20.00%, with the consensus EPS estimate being $0.55.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...