This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Las Vegas Sands Has High Bar to Jump for Earnings

Stocks in this article: LVS

NEW YORK (TheStreet) -- Las Vegas Sands (LVS - Get Report) reports earnings after the bell on Wednesday and analysts have set the bar high for the international Casino company, expecting 37.5% growth in earnings compared to second quarter results in 2013.

Las Vegas Sands, with casinos in Las Vegas, Macao, and Singapore, reports earnings Wednesday after the close of trading. Estimates of $0.89 would be $0.24 larger than earnings for second quarter 2013. Sands earnings in the first quarter were able to beat last year's earnings by 15.2%, according to Sands' previous earnings report. But analysts are now estimating that Sands will grow almost twice as much year over year as it did last quarter.

Sands has been seeing much larger revenue coming from Asia, while the once great Las Vegas is dwarfed in comparison to the Chinese Macao. The Sands resorts in Macao beat growth rates for the Macao gaming industry last quarter. Sands is planning to open another resort in Macao, The Parisian Macao, with over 3,000 rooms set for completion in late 2015. However, Sands does not yet have gambling approval for theses resorts from the Macao government.

The Asian American Entertainment Corporation filed a lawsuit against Sands last month over an "alleged breach of agreements" between the two companies while bidding for Macao gaming concessions. Bloomberg published an article earlier this week on the filing. However, Sands does not seem worried about the filing.

"Using a different lawyer every time, AA has repeatedly filed lawsuits trying to take credit for that which they didn't do. US courts have consistently rejected those efforts. LVS will respond to this latest version of the same meritless lawsuit in court," Ron Reese wrote on behalf of the Sands.

Las Vegas Sands' earnings conference call is scheduled for 4:30pm New York time. 


Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs