Sell-Side Analysts Mixed On Las Vegas Sands Before Earnings

What do Las Vegas Sands Corp. (NYSE: LVS) shareholders have to expect when the company reports earnings Wednesday afternoon? According to Estimize, Wall Street consensus estimates predict earnings per share (EPS) of $0.61 on $2.97 billion in revenue for the quarter.

However, not all analysts see eye-to-eye when it comes to Sands. Here’s what analysts from five leading firms are saying ahead of earnings.

Morningstar

Analyst Dan Wasiolek sees Sands as the best-positioned company to take advantage of the “attractive long-term growth opportunity of Macau.” Morningstar puts a fair value of $68 on Sands’ stock.

Morgan Stanley

Analyst Thomas Allen sees a 20 percent chance that Sands will cut its dividend this quarter and a 40 percent chance that it will cut it in a future quarter. “However, we think these odds are much higher than the market perceives,” Allen cautioned earlier this month.

Related Link: Las Vegas Sands Misses Q1 Views, Shares Tumble After Hours

Sterne Agee CRT

Analyst David Bain believes that Sands will come up short this quarter and is calling for a miss on both earnings and revenue. Sterne Agee CRT has a Buy rating on Sands and a $57 target for the stock, but Bain is predicting EPS of $0.55 on revenue of $2.92 billion this quarter.

JPMorgan

Analyst Joseph Greff calls Sands “relatively safe for now,” but sees more upside in Wynn Resorts, Limited (NASDAQ: WYNN) and MGM Resorts International (NYSE: MGM) than in Sands. JPMorgan is also forecasting a Q2 miss for Sands and expects EPS of $0.56 on $2.89 billion in revenue.

Brean Capital

Analyst Bryan Maher is bullish on Sands and believes “those investors betting against the long-term success of Macau are making a mistake and longer term focused investors will be rewarded.” Maher is calling for a Q2 beat by Sands and predicting EPS of $0.68 on $3.09 billion in revenue. Brean has a Buy rating on Sands and a $60 target for the stock.

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