Las Vegas Sands stock experienced a post-earnings selloff despite beating analyst estimates. The company reported Q4 revenue of $3.65 billion, up 26% year-over-year, and earnings per share of $0.85. It also announced a 20% dividend increase to $0.30 per share. However, the stock declined approximately 14% following the earnings announcement. The primary catalyst for the decline was a significant miss on Macao EBITDA margins, which decreased by 390 basis points due to higher operating costs and a shift toward lower-margin premium gaming. In contrast, Las Vegas Sands' Singapore resort, Marina Bay Sands, achieved record performance with $806 million in EBITDA. Following the selloff, nineteen brokerages issued a consensus "Moderate Buy" recommendation with an average one-year price target of $68.61, and Wells Fargo raised its price target to $68.00.
Read full analysisLas Vegas Sands stock experienced a post-earnings selloff despite beating analyst estimates. The company reported Q4 revenue of $3.65 billion, up 26% year-over-year, and earnings per share of $0.85. It also announced a 20% dividend increase to $0.30 per share. However, the stock declined approximately 14% following the earnings announcement. The primary catalyst for the decline was a significant miss on Macao EBITDA margins, which decreased by 390 basis points due to higher operating costs and a shift toward lower-margin premium gaming. In contrast, Las Vegas Sands' Singapore resort, Marina Bay Sands, achieved record performance with $806 million in EBITDA. Following the selloff, nineteen brokerages issued a consensus "Moderate Buy" recommendation with an average one-year price target of $68.61, and Wells Fargo raised its price target to $68.00.
Las Vegas Sands Corp. (LVS) is a publicly traded company in the Consumer Discretionary sector.