Las Vegas Sands (NYS: LVS) is expected to report Q2 earnings on July 24. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Las Vegas Sands's revenues will increase 27.8% and EPS will grow 54.5%.
The average estimate for revenue is $3.30 billion. On the bottom line, the average EPS estimate is $0.68.
Last quarter, Las Vegas Sands logged revenue of $3.30 billion. GAAP reported sales were 20% higher than the prior-year quarter's $2.76 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.71. GAAP EPS of $0.69 for Q1 were 13% higher than the prior-year quarter's $0.61 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 45.9%, 220 basis points worse than the prior-year quarter. Operating margin was 25.1%, 210 basis points worse than the prior-year quarter. Net margin was 17.3%, 80 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $13.46 billion. The average EPS estimate is $2.88.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,830 members out of 2,141 rating the stock outperform, and 311 members rating it underperform. Among 470 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 428 give Las Vegas Sands a green thumbs-up, and 42 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Las Vegas Sands is outperform, with an average price target of $60.13.
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The article Will Las Vegas Sands Beat These Analyst Estimates? originally appeared on Fool.com.
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