In its upcoming report, Las Vegas Sands (LVS) is predicted by Wall Street analysts to post quarterly earnings of $0.77 per share, reflecting a decline of 1.3% compared to the same period last year. Revenues are forecasted to be $3.4 billion, representing a year-over-year increase of 2.1%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Las Vegas Sands metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Revenues- Marina Bay Sands' should arrive at $1.41 billion. The estimate suggests a change of -1.8% year over year.
The consensus among analysts is that 'Net Revenues- The Plaza Macao and Four Seasons Macao' will reach $208.23 million. The estimate suggests a change of +1.1% year over year.
Analysts' assessment points toward 'Net Revenues- Sands Macao' reaching $80.83 million. The estimate indicates a change of +12.3% from the prior-year quarter.
It is projected by analysts that the 'Net Revenues- The Venetian Macao' will reach $671.82 million. The estimate indicates a change of -2.9% from the prior-year quarter.
The consensus estimate for 'Rolling Chip volume - Marina Bay Sands' stands at $9.42 billion. Compared to the present estimate, the company reported $9.07 billion in the same quarter last year.
The collective assessment of analysts points to an estimated 'Non-Rolling Chip table games drop - Marina Bay Sands' of $2.75 billion. Compared to the current estimate, the company reported $2.55 billion in the same quarter of the previous year.
The average prediction of analysts places 'Rolling Chip win percentage - Marina Bay Sands' at 4.2%. Compared to the present estimate, the company reported 4.8% in the same quarter last year.
Analysts forecast 'Non-Rolling Chip table games win percentage - Marina Bay Sands' to reach 22.5%. Compared to the current estimate, the company reported 24.5% in the same quarter of the previous year.
According to the collective judgment of analysts, 'RevPAR - Marina Bay Sands' should come in at $975.64 . The estimate is in contrast to the year-ago figure of $937.00 .
The combined assessment of analysts suggests that 'Slot handle - Marina Bay Sands' will likely reach $6.56 billion. Compared to the present estimate, the company reported $6.41 billion in the same quarter last year.
Analysts expect 'Slot hold percentage - Marina Bay Sands' to come in at 4.5%. The estimate is in contrast to the year-ago figure of 4.4%.
Analysts predict that the 'Occupancy rate - Marina Bay Sands' will reach 96.0%. Compared to the present estimate, the company reported 95.5% in the same quarter last year.
View all Key Company Metrics for Las Vegas Sands here>>>Las Vegas Sands shares have witnessed a change of -5.8% in the past month, in contrast to the Zacks S&P 500 composite's +2.4% move. With a Zacks Rank #3 (Hold), LVS is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Las Vegas Sands Corp. (LVS): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).