Las Vegas Sands Set to Report Q1 Results Amid Mixed Forecasts

Nevada-based Las Vegas Sands Corp. (LVS) focuses on developing, owning, and operating six integrated resorts in Macau and Singapore. With a market capitalization of $28 billion, LVS’s properties offer luxurious accommodations, casinos, entertainment venues, shopping malls, fine dining by celebrity chefs, and other amenities.

Upcoming Earnings Announcement

The company is slated to disclose its first-quarter financial results on Wednesday, April 16. Analysts anticipate that LVS will report an adjusted earnings per share (EPS) of $0.63, representing a 16% decrease from the $0.75 reported in the same quarter last year. Notably, the company has a mixed history regarding earnings surprises; it missed Wall Street’s bottom-line predictions three times in the last four quarters, while meeting or exceeding expectations on one occasion. In the most recent quarter, LVS reported an adjusted EPS of $0.54, which was 10% below consensus estimates.

Long-term Financial Outlook

For fiscal 2025, LVS is projected to deliver an adjusted EPS of $2.68, marking a substantial 18.1% increase from $2.27 in fiscal 2024. Earnings growth is expected to continue, with a projected rise of 13.1% year-over-year to $3.03 per share in fiscal 2026.

Stock Performance Insights

Over the past 52 weeks, Las Vegas Sands’ stock has depreciated by 32.5%. This performance lags behind the Consumer Discretionary Select Sector SPDR Fund (XLY), which has increased by 6.2%, and the S&P 500 Index ($SPX), which has risen by 3.6% during the same period.

After releasing its mixed Q4 results on January 29, LVS’s stock surged by 11.1%. However, the company’s financials were significantly impacted by the slowdown in the Chinese economy following the COVID-19 pandemic. Although spending per visitor remains below pre-pandemic levels, there are signs of recovery. LVS recorded net revenues of $2.9 billion, a slight decline from the previous year, but managed to exceed analysts’ expectations, which bolstered investor sentiment.

Despite a year-over-year drop in adjusted net income to $387 million—a 10.8% decrease that missed projections—the initial stock surge was followed by five consecutive trading sessions of losses.

Analyst Ratings and Future Outlook

Analysts express cautious optimism about LVS’s future. The consensus rating for the stock is “Moderate Buy,” based on assessments from 15 analysts. Out of these, 10 recommend a “Strong Buy” and five suggest a “Hold.” The average price target of $57.58 indicates a potential upside of 58.1% from current levels.

On the date of publication, Aditya Sarawgi did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The information and data provided herein is for informational purposes only. For comprehensive details, view the Barchart Disclosure Policy here.

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