Las Vegas Sands Corp LVS.N reported quarterly adjusted earnings of 79 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 55 cents. The mean expectation of thirteen analysts for the quarter was for earnings of 53 cents per share. Wall Street expected results to range from 42 cents to 70 cents per share.
Revenue rose 15% to $3.18 billion from a year ago; analysts expected $2.83 billion.
Las Vegas Sands Corp's reported EPS for the quarter was 66 cents.
The company reported quarterly net income of $461 million.
Las Vegas Sands Corp shares had risen by 11.5% this quarter and lost 5.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 4.6% in the last three months.
In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the casinos & gaming peer group is also "buy"
Wall Street's median 12-month price target for Las Vegas Sands Corp is $53.11, about 8.3% above its last closing price of $48.69
This summary was machine generated from LSEG data July 23 at 09:02 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)