- The overall adjusted property EBITDA for Las Vegas Sands in the third quarter was $991 million, down by 12% year-over-year and below the estimated $1.08 billion.
- The Venetian Macao reported an adjusted property EBITDA of $267 million, a decline of 7.9% compared to the previous year, and less than the $285 million expected.
- The Londoner Macao’s adjusted property EBITDA was $124 million, which, despite a 26% drop year-over-year, surpassed the $101 million estimate.
- The Parisian Macao’s adjusted property EBITDA reached $74 million, an 8.6% decrease from last year, missing the $83.5 million forecast.
- Plaza Macao & Four Seasons Macao exceeded expectations with an adjusted property EBITDA of $102 million, marking a 44% increase year-over-year and surpassing the $91.3 million estimate.
- Sands Macao fell short of estimates with an adjusted property EBITDA of $14 million, an 18% decline from the previous year, compared to an estimated $15.3 million.
- Marina Bay Sands reported an adjusted property EBITDA of $406 million, a 17% year-over-year drop, missing the $507.3 million estimate.
- The company’s net revenue was $2.68 billion, a 4% decrease from the previous year, and lower than the estimated $2.79 billion.
- Rolling chip volumes varied significantly across properties, with notable performance at The Venetian Macao, seeing an 18% increase to $1.13 billion, beating the $910.5 million estimate.
- The Parisian Macao showed significant growth in non-rolling chip drop, up by 34% year-over-year to $1.05 billion, exceeding the $940 million estimate.
- The slot handle for The Parisian Macao increased by 49% year-over-year, reaching $997 million, surpassing the $807.7 million expected.
- Adjusted earnings per share (EPS) was reported at 44 cents, below the expected 53 cents.
- Las Vegas Sands‘ board has authorized a $2 billion share repurchase program.
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Las Vegas Sands on Smartkarma
Analyst coverage of Las Vegas Sands on Smartkarma showcases insights from Baptista Research, highlighting the corporation’s competitive positioning, market recovery dynamics, and bullish outlook on major drivers. The latest financial results reveal a company managing both successes and challenges, particularly in Macao and Singapore. The analysis provides a balanced view of the company’s performance and strategies amid evolving market dynamics.
Furthermore, Baptista Research emphasizes the pivotal drivers propelling Las Vegas Sands forward, with a focus on the growth of the Macao market. Despite disruptions from capital investment programs, the corporation has displayed confidence in Macao’s potential, aiming for significant revenue growth in the upcoming years. The research underscores the company’s commitment to enhancing product quality and expanding market scale as integral components of its future growth strategy.
A look at Las Vegas Sands Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
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, entertainment, and accommodations, while its expo centers host entertainment shows and expositions.
Looking at the Smartkarma Smart Scores for Las Vegas Sands, the company shows a mixed long-term outlook. With a high Growth score of 5 and strong Momentum at 4, the company appears positioned for expansion and has positive market momentum. However, the Value and Resilience scores at 2 suggest some challenges in terms of valuation and overall sustainability. The Dividend score of 3 indicates a moderate level of dividend payment, providing some income for investors. Overall, Las Vegas Sands seems poised for growth and operational success in the long term, although some aspects may need attention to improve its overall performance.
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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