Las Vegas Sands (NYSE: LVS ) reported earnings on July 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Las Vegas Sands missed slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share increased significantly.
Gross margins contracted, operating margins grew, net margins grew.
Las Vegas Sands tallied revenue of $3.24 billion. The 22 analysts polled by S&P Capital IQ looked for revenue of $3.30 billion on the same basis. GAAP reported sales were 26% higher than the prior-year quarter's $2.58 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.65. The 24 earnings estimates compiled by S&P Capital IQ predicted $0.68 per share. Non-GAAP EPS of $0.65 for Q2 were 48% higher than the prior-year quarter's $0.44 per share. GAAP EPS of $0.64 for Q2 were 121% higher than the prior-year quarter's $0.29 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 33.9%, much worse than the prior-year quarter. Operating margin was 24.2%, 490 basis points better than the prior-year quarter. Net margin was 16.3%, 700 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $3.37 billion. On the bottom line, the average EPS estimate is $0.72.
Next year's average estimate for revenue is $13.46 billion. The average EPS estimate is $2.88.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,830 members out of 2,141 rating the stock outperform, and 311 members rating it underperform. Among 470 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 426 give Las Vegas Sands a green thumbs-up, and 44 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Las Vegas Sands is outperform, with an average price target of $63.76.
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