Las Vegas Sands Q2 revenue misses estimates on low hold in rolling play in Macao

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

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.)