Today's Pre-Market Trading Very Positive For Las Vegas Sands (LVS)
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
Trade-Ideas LLC identified
(
) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified Las Vegas Sands as such a stock due to the following factors:
- LVS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $348.1 million.
- LVS traded 10,022 shares today in the pre-market hours as of 8:36 AM.
- LVS is up 2.3% today from Friday's close.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in LVS with the Ticky from Trade-Ideas. See the FREE profile for LVS NOW at Trade-Ideas
More details on LVS:
Las Vegas Sands Corp. develops, owns, and operates integrated resorts in Asia and the United States. The company owns and operates The Venetian Macao Resort Hotel, Sands Cotai Central, the Four Seasons Hotel Macao, the Plaza Casino, and the Sands Macao in Macau, the People's Republic of China. The stock currently has a dividend yield of 5%. LVS has a PE ratio of 14.8. Currently there are 6 analysts that rate Las Vegas Sands a buy, no analysts rate it a sell, and 7 rate it a hold.
The average volume for Las Vegas Sands has been 6.0 million shares per day over the past 30 days. Las Vegas Sands has a market cap of $41.5 billion and is part of the services sector and leisure industry. The stock has a beta of 1.76 and a short float of 6% with 3.91 days to cover. Shares are down 10% year-to-date as of the close of trading on Friday.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Analysis:
rates Las Vegas Sands as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Highlights from the ratings report include:
- The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Hotels, Restaurants & Leisure industry average. The net income increased by 24.9% when compared to the same quarter one year prior, going from $577.54 million to $721.31 million.
- Regardless of the drop in revenue, the company managed to outperform against the industry average of 7.5%. Since the same quarter one year prior, revenues slightly dropped by 6.5%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
- LAS VEGAS SANDS CORP has improved earnings per share by 28.6% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, LAS VEGAS SANDS CORP increased its bottom line by earning $3.51 versus $2.79 in the prior year. For the next year, the market is expecting a contraction of 10.1% in earnings ($3.16 versus $3.51).
- LVS's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 39.01%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Looking ahead, the stock's sharp decline over the past year may have been what was needed in order to bring its value into alignment with its fundamentals and others in its industry.
- You can view the full Las Vegas Sands Ratings Report.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
null