- Las Vegas Sands 1Q Adjusted EPS was 75c, beating the estimated 60c.
- Net revenue was $2.96 billion, a year on year increase of 40%, exceeding the estimate of $2.93 billion.
- The Adjusted property Ebitda was $1.21 billion, up 53% year on year, over the estimate of $1.19 billion.
- The Venetian Macao saw adjusted property Ebitda of $314 million, an increase of 50% year on year, though slightly less than the estimate of $322.6 million.
- The Londoner Macao’s adjusted property Ebitda was $172 million, a significant increase from $56 million the previous year, and just over the estimate of $171.5 million.
- The Parisian Macao’s adjusted property Ebitda was $71 million, up 54% year on year, but slightly below the estimate of $76 million.
- The adjusted property Ebitda for the Plaza Macao & Four Seasons Macao was $36 million, a year on year decrease of 52%, significantly less than the estimated $103.5 million.
- Marina Bay Sands adjusted property Ebitda was $597 million, up 52% year on year, well above the estimate of $492.1 million.
- Capital expenditure was $196 million, up 18% year on year, but short of the estimate of $322.5 million.
Las Vegas Sands on Smartkarma
Las Vegas Sands is under intense analyst coverage on Smartkarma, an independent investment research network. Baptista Research highlights the company’s significant EBITDA enhancement in Macao, with strong growth expected in both gaming and non-gaming revenues. Howard J Klein also provides bullish insights, suggesting that LVS is undervalued and has the potential to reach $70 per stock. Klein emphasizes the strength of LVS in the Asian gaming market, projecting a robust recovery trajectory that could lead to outperformance against peers.
According to the analysts on Smartkarma, Las Vegas Sands presents a compelling investment opportunity despite lingering challenges. With differing sentiments on the company’s valuation and growth prospects, investors can access detailed research reports from Baptista Research and Howard J Klein to make informed decisions. As LVS navigates through competitive landscapes and recovery phases, analysts like Klein advocate for a strategic buy on the dip approach, emphasizing the company’s potential for long-term growth and value appreciation.
A look at Las Vegas Sands Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.8 |
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., a company that owns and operates casino resorts and convention centers in the US, Macau, and Singapore, has a mixed long-term outlook based on Smartkarma Smart Scores. The company’s Smart Scores indicate moderate value and dividend prospects, with higher marks for growth and momentum. This suggests that while Las Vegas Sands may not be undervalued or a high dividend payer, it shows promising signs of growth and positive momentum in the market.
Despite facing challenges in terms of resilience, with a score of 2, Las Vegas Sands seems to be focusing on expanding and gaining traction in the industry. With a strong emphasis on growth and momentum, the company appears to be positioning itself for future success. Investors looking at Las Vegas Sands should consider its growth potential and market momentum as key factors in assessing its long-term prospects.
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.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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