2010 EPS estimates were raised from us$ 0.27 to us$ 0.47
JP Morgan hopeful on future of Las Vegas Sands
(US).- JP Morgan analysts raised EPS estimates for Las Vegas Sands for both 2010 and 2011 while maintaining an overweight rating on the casino operator.
2010-07-22
Reading time 23 seg
2010 EPS estimates were raised from us$ 0.27 to us$ 0.47 and 2011 was raised from us$ 0.47 to us$ 0.61 citing Singapore as a catalysts for revenue with both margins and non-gaming revenue both increasing steadily and Macau gambling industry remaining strong.
“With respect to Las Vegas operating trends, we believe demand on the Strip is present and believe 90%+ occupancy levels throughout the summer are achievable. While visitor volumes are showing some signs of strength, we believe rates continue to remain relatively stagnant, but given the easy comparisons, should show modest year-over-year growth.” JP Morgan wrote.
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