What To Expect From Las Vegas Sands In Q3
Las Vegas Sands (NASDAQ: LVS) is scheduled to announce its Q3 2018 results on Wednesday, October 24. Consensus market estimates call for the company to report revenue of just over $3.4 billion and adjusted EPS of 81 cents. The company has reported strong revenue growth in the first half of 2018 from Macau, driven by the recovery of the gaming industry in the region, coupled with robust growth in both mass market and VIP games. However, slower than expected growth in Macau as a result of hurricanes, a weak VIP market, and slowing Chinese economy sentiment should slightly dampen its Q3 results. Despite this, we expect the holiday season in Q4 to drive its full year results. Additionally, we expect the company to benefit from suite additions at the Parisian Macau, St Regis and Four Seasons properties, and the renovation of VIP gaming areas at the Venetian and Plaza Macau. Below we take a look at what to expect from LVS in Q3.
We have a $79 price estimate for Las Vegas Sands, which is substantially higher than the current market price. The charts have been made using our new, interactive platform. You can click here for our dashboard on Our Outlook For Las Vegas Sands In Q3 to modify different drivers, and see their impact on the revenue, earnings, and price estimate for Las Vegas Sands.
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