For the year, revenue is projected to roll in at USD 15B

Las Vegas Sands' EPS estimates drop in past month

2015-01-28
Reading time 53 seg
(US).- Expectations have dropped for Las Vegas Sands’ fourth quarter results in the month leading up to the company’s earnings announcement slated for Wednesday, January 28, 2015. The consensus analyst estimate has dropped from 86 cents per share to the current estimate of earnings of 81 cents per share.

Over the past three months, the consensus estimate has sagged from 90 cents and analysts are projecting earnings of $3.47 per share for the fiscal year. Analysts project revenue to fall 3% year-over-year to $3.54 billion for the quarter, after coming in at $3.66 billion a year ago.

Revenue fell year-over-year in the third quarter, snapping a three-quarter streak of rising revenue.

Over the last four quarters, the company’s income rose by an average of 28% year-over-year. The largest growth was in the first quarter, when income climbed 36% year-over-year.

Las Vegas Sands develops integrated resorts worldwide. It owns and operates The Venetian Resort Hotel Casino, The Palazzo Resort Hotel Casino, and an expo and convention center. Wynn Resorts, also in the casinos and gaming industry, will report earnings on Friday, January 30, 2015.

Analysts are expecting earnings of $1.41 per share for Wynn, down 38% from last year’s earnings of $2.27 per share. Other companies in the casinos and gaming industry with upcoming earnings release dates include: Melco Crown Entertainment, MGM Resorts and Boyd Gaming.

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