Las Vegas Sands Corp. (NYSE:LVS) operator of resorts and casinos, is reporting second quarter earnings results on Wednesday 22nd July 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.72 per share.
For the full year, analysts predict revenues of $ 6988.17 million, while looking forward to loss of $ 0.08 per share.
Previous Quarter Performance
Las Vegas Sands Corp. reported loss for the first quarter of $ 0.03 per share, from the revenue of $ 1,782.00 million. The quarterly earnings while revenues compared with the same quarter last year.
The consensus estimates are income of $ 0.11 per share from $ 2102.81 million in revenue. The bottom line results missed street analysts by $ 0.14 or 127.27 percent, at the same time, top line results fell short of analysts by $ 320.81 million or 15.26 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of LVS was $ 48.00, representing a 44.14 % increase from the 52 week low of $ 33.30 and a 35.39 % decrease over the 52 week high of $ 74.29.
The company has a market capital of $ 36.66 billion and is part of the Consumer Cyclical sector and Resorts & Casinos industry.
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Recent Analyst recommendations
On 5th June 2020, maintained by UBS Group at Neutral rating, with $ 53.00 target price.
On 27th May 2020, maintained by UBS Group at Neutral rating, with $ 54.00 target price.
Conference Call
Las Vegas Sands Corp. will be hosting a conference call at 4:30 PM eastern time on 22nd July 2020, to discuss its 2Q20 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.
