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Las Vegas Sands (LVS) Gains But Lags Market: What You Should Know

Zacks Equity Research

Las Vegas Sands (LVS) closed at $52.97 in the latest trading session, marking a +1.18% move from the prior day. This move lagged the S&P 500's daily gain of 2.62%. Meanwhile, the Dow gained 3.16%, and the Nasdaq, a tech-heavy index, added 2.06%.

Investors will be hoping for strength from LVS as it approaches its next earnings release. The company is expected to report EPS of -$0.51, down 170.83% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $882.97 million, down 73.52% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.36 per share and revenue of $7.61 billion, which would represent changes of -111.04% and -44.63%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for LVS. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 34.59% lower. LVS is currently sporting a Zacks Rank of #3 (Hold).

The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 86, which puts it in the top 34% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow LVS in the coming trading sessions, be sure to utilize Zacks.com.


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