)
Overview
<ul>
<li>US integrated resort operator’s Q1 revenue rose 25% yr/yr, beating analyst expectations</li>
<li>Q1 operating profit beat analyst expectations</li>
<li>Company repurchased $740 mln of common stock in Q1</li>
</ul>
Result Drivers
<ul>
<li>SINGAPORE AND MACAO GROWTH - Co said both Singapore and Macao operations delivered revenue and profit growth in Q1</li>
<li>CASINO REVENUE INCREASE - Casino revenue rose across key properties, notably at Marina Bay Sands and The Londoner Macao</li>
<li>HIGHER GAMING VOLUMES - Table games and slot machine win per unit per day increased at several properties, with rolling chip volume up sharply at The Londoner Macao and Marina Bay Sands Company press release:</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q1 Beat $3.59 $3.34
Revenue bln bln (14
Analysts
)
<h3>Q1 EPS $0.85</h3>
Q1 Net $641 mln
Income
Q1 Beat $904 mln $822.22
Operatin mln (12
g profit Analysts
)
Q1 Capex $194 mln
Q1 $748 mln
Pretax
Profit
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 15 “strong buy” or “buy”, 6 “hold” and no “sell” or “strong sell”</li>
<li>The average consensus recommendation for the casinos &amp; gaming peer group is “buy”</li>
<li>Wall Street’s median 12-month price target for Las Vegas Sands Corp is $69.50, about 20.8% above its April 21 closing price of $57.54</li>
<li>The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 20 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</li>
</ul>

BETZ

Reuters

Las Vegas Sands Q1 revenue, profit beat estimates on higher gaming volumes