HomeMost PopularInvestingOptimizing Las Vegas Sands (LVS) Q3 Earnings with Strong Macao Visits

Optimizing Las Vegas Sands (LVS) Q3 Earnings with Strong Macao Visits

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Las Vegas Sands Corp. (LVS) is set to release its third-quarter 2023 results on October 18. As investors and traders eagerly await the earnings report, the company is expected to benefit from the surge in visitation to Macao and Singapore as well as the expansion of non-gaming offerings in its properties.

Macao Visitation Boosts Results

Las Vegas Sands is likely to witness strong results in the third quarter, thanks to the recovery in travel and tourism in Macao and Singapore. The growth in property visitation, gaming volumes, retail sales, and hotel occupancy in Macao is expected to contribute to the company’s top line.

For the third quarter of 2023, our model predicts significant year-over-year improvements in net revenues for Venetian Macao, Londoner Macao, Parisian Macao, Sands Macao, and Marina Bay Sands. The estimated growth percentages are 554.7%, 544.5%, 1,065.5%, 829.9%, and 28.8%, respectively.

Additionally, we anticipate substantial surges in property EBITDAR for Venetian Macao, Londoner Macao, Parisian Macao, Sands Macao, and Marina Bay Sands, with estimated growth percentages of 716.1%, 315.7%, 265%, 178%, and 63.2% year over year, respectively.

Expectations for Q3 Earnings & Revenue

According to the Zacks Consensus Estimate, Las Vegas Sands is projected to achieve earnings of 53 cents per share in the third quarter, reflecting a remarkable 296.3% year-over-year growth. Additionally, the consensus mark for revenues is estimated at $2.69 billion, projecting a significant 168.1% year-over-year jump.

LVS currently holds a Zacks Rank #3 (Hold).

Stocks Poised to Beat Earnings Estimates

If you’re looking for other potential investment opportunities that could outperform earnings expectations, consider the following stocks:

  • Caesars Entertainment, Inc. (CZR): Earnings ESP of +37.22% and a Zacks Rank #2 (BUY).
  • Marriott International, Inc. (MAR): Earnings ESP of +1.59% and a Zacks Rank #3.
  • Boyd Gaming Corporation (BYD): Earnings ESP of +2.50% and a Zacks Rank #3.

These stocks have shown strong performance in the past, beating earnings expectations consistently. Caesars Entertainment, for example, has surpassed the consensus mark in each of the trailing four quarters, with an average surprise of 74.3%. Marriott International and Boyd Gaming Corporation have also outperformed earnings expectations, with average surprises of 5.5% and 12.2%, respectively.

Stay informed about upcoming earnings announcements with the Zacks Earnings Calendar.

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To read the full article on Zacks.com, click here.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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