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Las Vegas Sands (LVS)
NYSE:LVS
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.58Last Year’s EPS
$0.57Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: 2.07%
|Next Earnings Date:Jan 22, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook, highlighting significant growth in the Macao and Singapore markets, strong EBITDA performance, and increased capital returns to shareholders. However, challenges remain with ongoing disruptions at the Londoner and the slow recovery of the base mass segment.Company Guidance
During the third-quarter 2024 earnings call for Las Vegas Sands (LVS), several key metrics and forward-looking guidance were provided. The company reported that Macao's EBITDA reached $585 million, with an adjusted EBITDA margin of 35.1% for their portfolio of properties, excluding the Londoner. The Londoner Grand opened with the first 300 suites in September, and a total of 1,500 suites are expected to be operational by Lunar New Year 2025. The company anticipates Macao market gross gaming revenues to exceed $30 million in 2025. In Singapore, Marina Bay Sands (MBS) posted an EBITDA of $406 million, with an adjusted margin of 47.5%, reflecting the ongoing capital investment program. LVS repurchased $450 million of its own shares during the quarter and increased its annual dividend to $1 per share for the 2025 calendar year. The company remains optimistic about capturing high-value tourism growth and plans to invest further in its integrated resort developments.Macao Market Growth
Macao market total gaming revenue grew by 13% in Q3 2024 compared to the same period in 2023. The company expects further growth, projecting gross gaming revenues to exceed $30 million in 2025.
EBITDA Performance
Macao EBITDA was $585 million, with an expectation of further growth and margin expansion once the Londoner Grand renovation is complete.
Singapore Market Strength
Marina Bay Sands' EBITDA was $406 million, with an EBITDA margin improvement expected once renovations are complete. The company is optimistic about future growth driven by high-value tourism.
Capital Return to Shareholders
The company repurchased $450 million in shares during the quarter and increased its repurchase authorization to $2 billion. Additionally, the annual dividend was increased to $1 per share for 2025.
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LVS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LVS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $50.84 | $52.26 | +2.79% |
| Jul 24, 2024 | $39.95 | $38.98 | -2.43% |
| Apr 17, 2024 | $49.56 | $45.26 | -8.68% |
| Jan 24, 2024 | $48.78 | $49.28 | +1.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Las Vegas Sands (LVS) report earnings?
Las Vegas Sands (LVS) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Las Vegas Sands (LVS) earnings time?
Las Vegas Sands (LVS) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LVS EPS forecast?
LVS EPS forecast for the fiscal quarter 2024 (Q4) is $0.58.
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