Las Vegas Sands is set to announce its fourth-quarter earnings after the close of the stock market on Wednesday. Here are the important points to note:
According to FactSet, Las Vegas Sands is expected to report a net profit of $494.9 million, or 59 cents per share. This is a significant improvement from the loss of $169 million, or 22 cents per share, recorded in the same period last year. In the third quarter, the company managed to swing to a profit.
FactSet predicts that the revenue for the casino and resorts company will rise to $2.89 billion. This compares to the reported revenue of $1.12 billion in the same period last year and $2.80 billion in the third quarter.
Over the past three months, shares have seen a 2.3% increase and are currently trading at $48.74.
WHAT TO LOOK OUT FOR:
Casino Revenue and Revenue Per Available Room
Investors will be closely observing Las Vegas Sands’ casino revenue and revenue per available room. In the third quarter, revenue per available room witnessed a substantial jump of 178% to $342 million, while casino revenue surged by 215% to $2.01 billion.
Recovery in Tourism Spending
Pay attention to any comments regarding the ongoing recovery in tourism spending in Macao and Singapore, as these factors are crucial for the company’s overall performance.
Let’s stay updated on Las Vegas Sands’ earnings report!