All things Las Vegas Sands

Las Vegas Sands (LVS) Dips More Than Broader Markets: What You Should Know

Zacks Equity Research - Mon, December 13, 2021
finance.yahoo.com/news/las-vegas-sands-lvs-dips-230011223.html?.tsrc=rss

In this article: LVS +0.08%

Las Vegas Sands (LVS) closed at $36.93 in the latest trading session, marking a -1.94% move from the prior day. This change lagged the S&P 500's 0.91% loss on the day. Meanwhile, the Dow lost 0.89%, and the Nasdaq, a tech-heavy index, added 0.4%.

Prior to today's trading, shares of the casino operator had lost 5.14% over the past month. This has was narrower than the Consumer Discretionary sector's loss of 6.88% and lagged the S&P 500's gain of 1.55% in that time.

Las Vegas Sands will be looking to display strength as it nears its next earnings release. On that day, Las Vegas Sands is projected to report earnings of -$0.21 per share, which would represent year-over-year growth of 43.24%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.03 billion, down 9.9% from the year-ago period.

LVS's full-year Zacks Consensus Estimates are calling for earnings of -$1.19 per share and revenue of $4.43 billion. These results would represent year-over-year changes of +43.87% and +22.55%, respectively.

Investors should also note any recent changes to analyst estimates for Las Vegas Sands. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.