Las Vegas Sands Q2 revenue misses estimates on low hold in rolling play in Macao
Reuters2026/07/22 20:18
Overview
US integrated resort operator's Q2 revenue declined and missed analyst expectations
Q2 operating profit missed analyst expectations
Company repurchased $787 mln in stock and raised buyback authorization to $6 bln
Outlook
Company did not provide specific guidance for future quarters or the full yr
Result Drivers
LOW ROLLING PLAY HOLD - Co said unusually low hold in rolling play in Macao negatively impacted reported results
Company press release: ID:nPn1X89qFa
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q2 Revenue |
Miss |
$3.15 bln |
$3.33 bln (15 Analysts) |
Q2 EPS |
|
$0.53 |
|
Q2 Net Income |
|
$373 mln |
|
Q2 Operating profit |
Miss |
$618 mln |
$784.47 mln (11 Analysts) |
Q2 Capex |
|
$332 mln |
|
Q2 Pretax Profit |
|
$461 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the casinos gaming peer group is "buy"
Wall Street's median 12-month price target for Las Vegas Sands Corp is $66.50, about 46.3% above its July 21 closing price of $45.47
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 16 three months ago
Reuters Recommended Reads
July 20 - Monarch Casino Q2 revenue slightly beats estimates on growth in casino, FB, hotel segments
July 22 - Sweden's Kambi Q2 revenue rises; 2026 adjusted EBITA outlook lifted
July 22 - Travel + Leisure Q2 revenue tops estimates, outlook raised
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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