- Net revenue was $2.76 billion, an 8.6% increase year-over-year, but fell short of the $2.82 billion estimate.
- EPS (Earnings Per Share) rose to 48 cents from 41 cents the previous year.
- Adjusted property EBITDA increased by 10% year-over-year to $1.07 billion, missing the estimate of $1.11 billion.
- The Venetian Macao’s adjusted property EBITDA was $262 million, a 4% increase year-over-year, but below the $303 million estimate.
- The Londoner Macao’s adjusted property EBITDA remained steady at $103 million year-over-year, not meeting the $147.1 million estimate.
- Marina Bay Sands’ adjusted property EBITDA was $512 million, a 19% increase year-over-year, matching the estimate.
- The Londoner Macao’s rolling chip volume increased by 18% year-over-year to $2.36 billion, exceeding the $1.77 billion estimate.
- Marina Bay Sands’ rolling chip volume rose by 1% year-over-year to $6.08 billion, falling short of the $7.42 billion estimate.
- The Londoner Macao’s non-rolling chip drop decreased by 14% quarter-over-quarter to $1.65 billion, just above the $1.64 billion estimate.
- The Parisian Macao’s non-rolling chip drop was $1.09 billion, a 40% year-over-year increase, surpassing the $829.8 million estimate.
- The Plaza Macao & Four Seasons’ non-rolling chip drop increased by 32% year-over-year to $748 million, outperforming the $617.4 million estimate.
- Marina Bay Sands’ non-rolling chip drop was $2.04 billion, a 9% year-over-year increase, matching the estimate.
- The Venetian Macao’s slot handle was $1.55 billion, up 16% year-over-year, slightly above the $1.52 billion estimate.
- The Londoner Macao’s slot handle increased by 19% year-over-year to $1.55 billion, in line with the $1.54 billion estimate.
- The Parisian Macao’s slot handle was $943 million, a 38% year-over-year increase, significantly exceeding the $662.2 million estimate.
- Capital expenditure was $285 million, a 45% year-over-year increase, but well below the $406.5 million estimate.
- Adjusted EPS was 55 cents, slightly below the estimated 56 cents.
- Analyst recommendations: 18 buys, 2 holds, and 0 sells.
Las Vegas Sands on Smartkarma
Analyst coverage of Las Vegas Sands on Smartkarma by Baptista Research indicates a bullish sentiment towards the company’s performance. In one report titled “Las Vegas Sands Corp.: These Are The 6 Pivotal Drivers Propelling The Company Forward! – Financial Forecasts,” it is highlighted that Las Vegas Sands Corporation is displaying confidence in the Macao market’s growth, with continuous advancement in recent quarters. Despite disruptions from capital investment programs, solid results have been demonstrated. The company envisions Macao’s annual gaming revenue potentially reaching $40 billion in the future, emphasizing ongoing investments in product quality and market scale.
Another report by Baptista Research, “Las Vegas Sands Corp.: Intense Competition in the Premium Mass Segment & 3 Other Major Challenges In Its Path! – Key Drivers,” mentions that Las Vegas Sands Corp. reported an enhanced EBITDA of $654 million from Macao in the quarter, a significant improvement post the pandemic. Anticipated robust growth in gaming and non-gaming revenues is attributed to the company’s strong presence in non rolling table win, rolling table win, and slot ETG win, despite facing challenges such as intense competition in the premium mass segment.
A look at Las Vegas Sands Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Las Vegas Sands Corp. owns and operates casino resorts and convention centers in the United States, Macau, and Singapore. The company’s casinos provide various gaming activities and entertainment, complemented by accommodations, while its expo centers host a variety of shows and events.
Based on the Smartkarma Smart Scores, Las Vegas Sands shows a promising long-term outlook. With a top score in Growth and solid scores in Dividend and Momentum, the company is poised for significant expansion and future profits. Although Value and Resilience scores are not as high, the overall positive sentiment in key areas bodes well for Las Vegas Sands‘ sustained success in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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