What to Expect
Las Vegas Sands is set to release its earnings report for the fourth quarter on Wednesday after the stock market’s closing. Let’s take a look at the key details:
PROFIT
- Las Vegas Sands is projected to announce a net profit of $494.9 million, or 59 cents per share, according to FactSet.
- This is a significant improvement compared to a loss of $169 million, or 22 cents per share, reported during the same period last year.
- In the third quarter, the company experienced a positive swing and returned to profitability.
REVENUE
- FactSet estimates that the casino and resorts company will see a revenue increase to $2.89 billion.
- This compares to the reported revenue of $1.12 billion during the same period last year, and $2.80 billion in the third quarter.
Stock Performance
- Over the past three months, shares have risen by 2.3%.
- The most recent trading price stands at $48.74.
Key Points to Watch
- Investors will closely analyze Las Vegas Sands’ casino revenue and revenue per available room.
- In the third quarter, revenue per available room saw a substantial jump of 178% to reach $342 million, while casino revenue surged by 215% to hit $2.01 billion.
Tourism Recovery in Macao and Singapore
- Market watchers will be keeping an eye out for any indications of a continued recovery in tourism spending in Macao and Singapore. These regions play a crucial role in shaping the company’s overall performance.