Las Vegas Sands Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St · 10/25 13:02

Las Vegas Sands (NYSE:LVS) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$2.68b (down 4.0% from 3Q 2023).
  • Net income: US$275.0m (down 28% from 3Q 2023).
  • Profit margin: 10% (down from 14% in 3Q 2023).
  • EPS: US$0.38 (down from US$0.50 in 3Q 2023).
earnings-and-revenue-growth
NYSE:LVS Earnings and Revenue Growth October 25th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Las Vegas Sands Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are up 3.3% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Las Vegas Sands.