Las Vegas Sands (LVS) Stock Rises Ahead of Q2 Results
NEW YORK (TheStreet) -- Shares of Las Vegas Sands (LVS) - Get Report are advancing by 1.49% to $47.40 in late afternoon trading on Friday, as the company is expected to report fiscal 2016 results after Monday's market closes.
Analysts surveyed by Thomson Reuters expect the company to post earnings of 56 cents per share on revenue of $2.76 billion.
Las Vegas Sands reported earnings of 60 cents per share on revenue of $2.92 billion for the same quarter last year.
The Las Vegas-based company runs casinos and resorts, including properties in Macau, such as the Sands Macao and the Venetian Macao. Several research firms reported strong Macau gaming revenue for the first week of July, ahead of previous trends.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate LAS VEGAS SANDS CORP as a Hold with a ratings score of C. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.
You can view the full analysis from the report here: LVS
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