Earnings Preview: Las Vegas Sands

Las Vegas Sands (LVS) is expected to report Q3 earnings after market close today (Monday, Nov. 10) with a conference call scheduled for 5:00 pm ET.

Guidance

Analysts are looking for EPS of 11c on revenue of $1.16B. The consensus range is 2c to 26c for EPS, and $1.09B to $1.34B for revenue, according to First Call.

Las Vegas Sands is down over 83% since its Q2 earnings report on July 30, but off its 3-month low of $4.95 a share, now trading over $7 a share. Jefferies has been positive on Las Vegas Sands recently, saying on November 3 that the Macau approval for the legal separation of Sands' Four Seasons apartment hotel tower and FS/Venetian malls from other components of the properties is a significant positive that paves the way for Las Vegas Sands to begin selling these assets. Jefferies added on November 6 that it remains confident that Las Vegas Sands will raise additional funds soon and views valuation as attractive, and rates the company a Buy.

It was reported on earlier today that CapitaLand (CLLDY) could acquire Las Vegas Sands' Singapore resorts, but that report was denied by CapitaLand, which said it had not held any talks with Las Vegas Sands, although adding that it would explore opportunities to invest in distressed assets.