Las Vegas Sands (LVS) Earnings Soar as Macau’s 1Q VIP Gaming Revenue Hits Highest since 2020

Las Vegas Sands on Smartkarma

Analysts on Smartkarma, including Howard J Klein, are bullish on Las Vegas Sands despite its undervaluation. Klein argues in his report, “Las Vegas Sands: Our Case for This as a $70 Stock Is Strong but It Lingers in the 40s,” that the company’s current stock price of around $40 significantly underestimates its true value. The market has not fully recognized the potential Asian gaming recovery, with projections indicating a return to pre-pandemic levels by 2024. Klein highlights the company’s strong performance post-COVID and believes it has the scale and amenities to outperform its competitors.

In another report, “Las Vegas Sands: A Clear Cut Buy on the Dip Strategy as Asia Gaming Recovery Gains Strength,” Howard J Klein reiterates his bullish stance on Las Vegas Sands. He sees the company as a clear buying opportunity, especially as the Asian gaming recovery gains momentum. Despite lingering concerns, Klein remains confident in the company’s long-term prospects, pointing to a potential upside surprise in the upcoming earnings release. The analyst encourages investors to consider Las Vegas Sands as a strategic investment amidst the ongoing recovery in the gaming sector.

A look at Las Vegas Sands Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Las Vegas Sands Corp. has been assigned Smart Scores that indicate a mixed long-term outlook. With a strong focus on growth and momentum, the company seems poised for expansion and market-driven success. The high scores in growth and momentum suggest potential for increasing market presence and profitability in the future. However, the scores in value, dividend, and resilience are more moderate, indicating some challenges in these areas that may require attention.

Las Vegas Sands Corp., a leading player in the casino resort industry with operations in the United States, Macau, and Singapore, shows promising signs of growth and momentum. While the company may need to address aspects related to value, dividend, and resilience, its core business of operating casino resorts and convention centers bodes well for its long-term potential in the entertainment and hospitality sector.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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