Las Vegas Sands Corp. (NYSE:LVS) operator of resorts and casinos, is expected to report third quarter earnings results, after market close, on Wednesday 21st October 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.59 per share.
Looking ahead, the full year loss are expected at $ 1.47 per share on the revenues of $ 4571.04 million.
Previous Quarter Performance
Las Vegas Sands Corp. unwinded loss for the second quarter of $ 1.05 per share, from the revenue of $ 98.00 million. The quarterly revenues fell 97.06 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.72 per share from $ 563.75 million in revenue. The bottom line results missed street analysts by $ 0.33 or 45.83 percent, at the same time, top line results fell short of analysts by $ 465.75 million or 82.62 percent.
Stock Performance
Shares of Las Vegas Sands Corp. traded up $ 1.25 or 2.78 percent on Tuesday, reaching $ 46.21 with volume of 4.30 million shares. Las Vegas Sands Corp. has traded high as $ 46.48 and has cracked $ 44.86 on the downward trend
The closing price of $ 46.21, representing a 35.02 % increase from the 52 week low of $ 33.30 and a 39.48 % decrease over the 52 week high of $ 74.29.
The company has a market capital of $ 35.30 billion and is part of the Consumer Cyclical sector and Resorts & Casinos industry.
Recent Analyst recommendations
- On 16th September 2020, downgraded by Roth Capital to Neutral from Buy rating, with $ 47.00 target price.
- On 27th August 2020, maintained by UBS Group at Neutral rating, with $ 50.00 target price.
Conference Call
Las Vegas Sands Corp. will be hosting a conference call at 4:30 PM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sands.com
Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Asia and the United States. It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the Peoples Republic of China; and iconic Marina Bay Sands in Singapore. The company also owns and operates The Venetian Resort Hotel Casino on the Las Vegas Strip; the Sands Expo and Convention Center in Las Vegas, Nevada; and the Sands Casino Resort Bethlehem in Bethlehem, Pennsylvania.
