Las Vegas Sands Corp. (LVS) saw its stocks soar following a performance that outpaces the market despite losses. Q4 of 2024 saw mixed reports, with strong results from its Singapore sector driving a net revenue beat, though overall earnings fell short of estimates. The company's Q4 revenue surpassed predictions, reaching $2.90B, while the estimated per share (EPS) of $0.45 was a miss. Analyst downgrades led to the stock price dropping by 5.2%, but despite this and a slight Q4 miss, the stock jumped by 6%. Despite some weakness in Macao, the company's executives predict China growth will boost revenue in Macao, and Q4 saw strong growth in Macau with a further boost anticipated from a Chinese stimulus. Strategic moves include the appointment of Mark Besca to the board and advancing the Marina Bay Sands expansion with a new deal. Several investment firms have adjusted their stakes in the company, with mixed decisions to buy, sell or hold. Amidst these reports, there are questions about whether this is the right time to invest in Las Vegas Sands, with some analysts highlighting it as an undervalued stock.
Las Vegas Sands Corp LVS News Analytics from Wed, 17 Apr 2024 07:00:00 GMT to Sat, 01 Feb 2025 15:41:43 GMT -
Rating 4
- Innovation 1
- Information 8
- Rumor -5
