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Las Vegas Sands Q4 Earnings Report

1 Mins read

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.
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