LVS Earnings Prediction
The chart below shows how LVS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LVS sees a +2.28% change in stock price 10 days leading up to the earnings, and a +0.49% change 10 days following the report. On the earnings day itself, the stock moves by -0.58%. This data can give you a slight idea of what to expect for the next quarter's release.
LVS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.90B
-0.65%
7.98%
Gross Margin
36.22%
-6.99%
4.44%
Operating Margin
20.68%
-15.70%
7.71%
Net Margin
13.54%
-15.85%
2.89%
EPS
0.45
-10.00%
18.42%
No Data Available
LVS Earnings Analysis
Las Vegas Sands Corp Corporation (LVS.N) Earnings Conference Call
Positive
Macao Market Revenue Growth: Macao market revenue grew 6% in Q4 2024 compared to Q4 2023, with mass gaming revenue increasing by 5%.
Property EBITDA Growth: Singapore's adjusted property EBITDA reached $537 million, reflecting a 71% growth from Q4 2019 and a 28% increase from the previous year.
Macau EBITDA Performance: Macau EBITDA for the quarter was $571 million, with an adjusted EBITDA margin of 35.1% when accounting for lower than expected hold in the rolling segment.
Stock Buyback and Dividend Increase: Las Vegas Sands repurchased $450 million of its stock during the quarter and increased its annual dividend to $1 per share for 2025.
Room Expansion and EBITDA Potential: The Londoner Grand Casino is expected to have approximately 1,500 suites and rooms in service by May 2025, enhancing the competitive position and potential for EBITDA growth.
Negative
EBITDA Performance Analysis: Macau EBITDA was $571,000,000 for the quarter, which was $22,000,000 lower than expected due to lower than anticipated hold in the rolling segment, resulting in a margin decline of 230 basis points compared to Q4 of 2023.
Macau Turnover Rent Decline: Turnover rents in Macau decreased by $27,000,000 in Q4 of 2024 compared to the prior year, indicating a significant drop in rental income from the properties.
Room Availability Decline: The Londoner property experienced a 20% reduction in available rooms during the quarter, negatively impacting overall margins and productivity, with the full complement of rooms not expected until May 2025.
EBITDA Volatility in Revenue: In Singapore, MBS's EBITDA would have been approximately $2,000,000 lower had the expected hold on rolling play been achieved, indicating potential volatility in revenue generation.
Decline in Retail Sales: Retail sales at the Four Seasons Mall were down year-over-year, contributing to a 23% decline in turnover rent, reflecting a challenging environment for retail operations.
LVS FAQs
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LVS Earning Call Sentiment
Earnings call transcript: Las Vegas Sands misses Q4 2024 EPS forecast
LVS.N
-1.15%Positive
The earnings call summary shows mixed signals. While there are positive elements such as increased dividends, stock repurchases, and growth in Singapore EBITDA, concerns arise from challenges like reduced room inventory, economic uncertainties in China, and declining margins in Macau. The Q&A section reveals optimism but lacks clarity on key issues. These factors, alongside the strategic investments and market conditions, suggest a neutral sentiment, with potential for positive movement if uncertainties resolve favorably.
