From Nasdaq: 2024-07-10 00:00:32

Las Vegas Sands (NYSE:LVS) is set to release Q2 2024 results, with estimated revenues of $2.85 billion, up 11% from last year. Earnings are forecasted to be $0.60 per share, a 30% increase. Macau business is rebounding strongly post-pandemic, with Marina Bay Sands in Singapore also performing well.

While LVS stock has seen a 25% decline, it has had mixed annual returns. The Trefis High Quality Portfolio has consistently outperformed the S&P 500. LVS faces uncertainty in the macroeconomic environment and is highly leveraged. The company’s financial performance is expected to improve, with challenges from the Chinese economy.

Returns for LVS, S&P 500, and Trefis Reinforced Value Portfolio in July 2024 are -4%, 1%, and 1% respectively. LVS has had a total return of -20% from 2017-2024. Trefis offers market-beating portfolios and price estimates for investors. The author’s views do not necessarily reflect those of Nasdaq, Inc.



Read more at Nasdaq: With The Stock Down 14% Year, Will Strong Singapore Business Drive LVS Stock Higher Post Q2?