NEW YORK (TheStreet) -- Shares of Las Vegas Sands (LVS - Get Report) were sliding in late-afternoon trading on Monday as the casino operator is expected to report 2016 third-quarter results after Wednesday's market close.
Analysts surveyed by FactSet are forecasting adjusted earnings of 59 cents per share on revenue of $2.80 billion.
Las Vegas Sands earned 66 cents per share and $2.89 billion in revenue for the same quarter last year.
Late last month, the Las Vegas-based company's CEO Sheldon Adelson opened The Parisian, a $2.7 billion French-themed casino in Macau.
The Southern Chinese territory saw better-than-expected gaming revenue in September when it grew 7.4% year-over-year to $2.3 billion, beating Wall Street's expectations for revenue growth of 4%.
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.
The team rates Las Vegas Sands as a Buy with a ratings score of B-. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. The team feels its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.
You can view the full analysis from the report here: LVS