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Las Vegas Sands (LVS) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, Las Vegas Sands (LVS - Free Report) reported revenue of $2.76 billion, up 8.6% over the same period last year. EPS came in at $0.55, compared to $0.46 in the year-ago quarter.
The reported revenue represents a surprise of -2.73% over the Zacks Consensus Estimate of $2.84 billion. With the consensus EPS estimate being $0.59, the EPS surprise was -6.78%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Las Vegas Sands performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Slot handle - Marina Bay Sands: $5.99 billion versus the three-analyst average estimate of $6.19 billion.
RevPAR - Marina Bay Sands: $759 compared to the $613.16 average estimate based on three analysts.
Rolling Chip volume - Marina Bay Sands: $6.08 billion versus the three-analyst average estimate of $7.13 billion.
Non-Rolling Chip table games drop - Marina Bay Sands: $2.04 billion versus the three-analyst average estimate of $1.96 billion.
Net Revenues- Marina Bay Sands: $1.02 billion versus $1 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +9.8% change.
Net Revenues- The Parisian Macao: $265 million compared to the $267.20 million average estimate based on three analysts. The reported number represents a change of +10.9% year over year.
Net Revenues- The Londoner Macao: $444 million versus $507.87 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +10.5% change.
Net Revenues- The Plaza Macao and Four Seasons Macao: $250 million versus $204.58 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +12.1% change.
Net Revenues- Sands Macao: $79 million compared to the $98.32 million average estimate based on three analysts. The reported number represents a change of -6% year over year.
Net Revenues- The Venetian Macao: $686 million versus the three-analyst average estimate of $787.76 million. The reported number represents a year-over-year change of +5.1%.
Revenue- Marina Bay Sands- Casino: $706 million versus $714.35 million estimated by three analysts on average.
Revenue- Marina Bay Sands- Rooms: $124 million versus the three-analyst average estimate of $107.19 million.
Shares of Las Vegas Sands have returned -7.3% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Las Vegas Sands (LVS) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2024, Las Vegas Sands (LVS - Free Report) reported revenue of $2.76 billion, up 8.6% over the same period last year. EPS came in at $0.55, compared to $0.46 in the year-ago quarter.
The reported revenue represents a surprise of -2.73% over the Zacks Consensus Estimate of $2.84 billion. With the consensus EPS estimate being $0.59, the EPS surprise was -6.78%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Las Vegas Sands performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Slot handle - Marina Bay Sands: $5.99 billion versus the three-analyst average estimate of $6.19 billion.
- RevPAR - Marina Bay Sands: $759 compared to the $613.16 average estimate based on three analysts.
- Rolling Chip volume - Marina Bay Sands: $6.08 billion versus the three-analyst average estimate of $7.13 billion.
- Non-Rolling Chip table games drop - Marina Bay Sands: $2.04 billion versus the three-analyst average estimate of $1.96 billion.
- Net Revenues- Marina Bay Sands: $1.02 billion versus $1 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +9.8% change.
- Net Revenues- The Parisian Macao: $265 million compared to the $267.20 million average estimate based on three analysts. The reported number represents a change of +10.9% year over year.
- Net Revenues- The Londoner Macao: $444 million versus $507.87 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +10.5% change.
- Net Revenues- The Plaza Macao and Four Seasons Macao: $250 million versus $204.58 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +12.1% change.
- Net Revenues- Sands Macao: $79 million compared to the $98.32 million average estimate based on three analysts. The reported number represents a change of -6% year over year.
- Net Revenues- The Venetian Macao: $686 million versus the three-analyst average estimate of $787.76 million. The reported number represents a year-over-year change of +5.1%.
- Revenue- Marina Bay Sands- Casino: $706 million versus $714.35 million estimated by three analysts on average.
- Revenue- Marina Bay Sands- Rooms: $124 million versus the three-analyst average estimate of $107.19 million.
View all Key Company Metrics for Las Vegas Sands here>>>Shares of Las Vegas Sands have returned -7.3% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.