Q3 EPS Estimates for Las Vegas Sands Cut by Zacks Research

Key Points

• Zacks Research lowered its Q3 2026 EPS estimate for Las Vegas Sands to $0.77 from $0.79 and cut full-year forecasts for 2026–2028. Zacks maintains a “Strong Sell” rating.
• Las Vegas Sands missed its latest quarterly expectations, reporting $0.59 EPS versus $0.76 expected and revenue of $3.15 billion versus $3.31 billion expected; revenue declined 0.7% year over year.
• Analyst sentiment is mixed but leans toward “Hold,” with an average price target of $61.88 compared with the stock’s $45.83 opening price. The company also announced a quarterly dividend of $0.30 per share, implying a 2.6% yield.

Las Vegas Sands Corp. (NYSE:LVS - Free Report) - Investment analysts at Zacks Research decreased their Q3 2026 earnings per share (EPS) estimates for Las Vegas Sands in a research note issued to investors on Wednesday, August 5th. Zacks Research analyst Team now forecasts that the casino operator will post earnings of $0.77 per share for the quarter, down from their previous forecast of $0.79. Zacks Research currently has a "Strong Sell" rating on the stock. The consensus estimate for Las Vegas Sands' current full-year earnings is $3.12 per share. Zacks Research also issued estimates for Las Vegas Sands' Q4 2026 earnings at $0.82 EPS, FY2026 earnings at $3.09 EPS, Q1 2027 earnings at $0.92 EPS, Q2 2027 earnings at $0.82 EPS, Q3 2027 earnings at $0.83 EPS, Q4 2027 earnings at $0.93 EPS, FY2027 earnings at $3.49 EPS, Q1 2028 earnings at $1.04 EPS, Q2 2028 earnings at $0.83 EPS and FY2028 earnings at $3.73 EPS.

Other equities research analysts also recently issued reports about the stock. HC Wainwright downgraded shares of Las Vegas Sands to a "neutral" rating in a research note on Thursday, July 30th. Morgan Stanley decreased their price objective on shares of Las Vegas Sands from $68.00 to $61.00 and set an "equal weight" rating for the company in a research note on Monday, July 27th. Wells Fargo & Company cut their price objective on shares of Las Vegas Sands from $65.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 14th. Jefferies Financial Group boosted their target price on shares of Las Vegas Sands from $61.00 to $63.00 and gave the company a "hold" rating in a research report on Thursday, April 23rd. Finally, The Goldman Sachs Group cut their price target on Las Vegas Sands from $63.00 to $55.00 and set a "buy" rating on the stock in a research report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $61.88.

Las Vegas Sands Stock Performance

Shares of Las Vegas Sands stock opened at $45.83 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 15.27. Las Vegas Sands has a 52 week low of $44.21 and a 52 week high of $70.45. The firm has a market capitalization of $29.69 billion, a P/E ratio of 17.83, a PEG ratio of 1.12 and a beta of 0.85. The company has a 50 day moving average price of $47.91 and a 200 day moving average price of $52.41.

Las Vegas Sands (NYSE:LVS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The casino operator reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.76 by ($0.17). The business had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.31 billion. Las Vegas Sands had a return on equity of 133.90% and a net margin of 12.59%.Las Vegas Sands's revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share.

Las Vegas Sands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Tuesday, August 4th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. Las Vegas Sands's dividend payout ratio is presently 46.69%.

Hedge Funds Weigh In On Las Vegas Sands

Institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC grew its holdings in shares of Las Vegas Sands by 222.7% in the fourth quarter. AQR Capital Management LLC now owns 9,098,518 shares of the casino operator's stock valued at $592,223,000 after purchasing an additional 6,279,390 shares during the period. Norges Bank purchased a new stake in shares of Las Vegas Sands during the 4th quarter valued at approximately $364,892,000. Arrowstreet Capital Limited Partnership raised its position in shares of Las Vegas Sands by 410.2% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,167,553 shares of the casino operator's stock valued at $277,963,000 after buying an additional 4,154,753 shares during the period. M&T Bank Corp lifted its holdings in Las Vegas Sands by 33,102.6% in the fourth quarter. M&T Bank Corp now owns 3,060,288 shares of the casino operator's stock valued at $197,463,000 after acquiring an additional 3,051,071 shares during the last quarter. Finally, Amundi lifted its holdings in Las Vegas Sands by 157.2% in the first quarter. Amundi now owns 2,864,789 shares of the casino operator's stock valued at $154,355,000 after acquiring an additional 1,750,758 shares during the last quarter. 39.16% of the stock is currently owned by institutional investors and hedge funds.

More Las Vegas Sands News

Here are the key news stories impacting Las Vegas Sands this week:

• Positive Sentiment: Zacks raised its Q1 2027 EPS estimate to $0.92 from $0.89 and its Q1 2028 estimate to $1.04 from $1.03, suggesting some expected improvement in early-year performance.
• Neutral Sentiment: Sands China, a key Las Vegas Sands operating subsidiary, received Great Place to Work certification, highlighting its workplace culture but offering limited direct earnings impact. Sands China Earns Great Place To Work Certification
• Neutral Sentiment: Sands China also became the first integrated tourism and leisure company to receive ISO 14001:2026 environmental-management certification, strengthening its sustainability profile but with no immediate financial guidance. Sands China ISO 14001:2026 Certification
• Neutral Sentiment: Las Vegas Sands donated $450,000 to The WASH Foundation, bringing cumulative contributions above $6.5 million. The initiative supports corporate reputation but is unlikely to materially affect near-term results. Las Vegas Sands Donates $450,000 to The WASH Foundation
• Negative Sentiment: Zacks cut its FY2026 EPS forecast to $3.09 from $3.34, FY2027 to $3.49 from $3.63, and FY2028 to $3.73 from $3.91. It also lowered several quarterly estimates, including Q3 2026, Q4 2026, Q2 2027, Q3 2027, Q4 2027 and Q2 2028.
• Negative Sentiment: The company’s most recent quarter produced $0.59 in EPS versus the $0.76 consensus estimate and $3.15 billion in revenue versus expectations of $3.31 billion. Revenue declined 0.7% year over year, reinforcing the weaker earnings outlook.

About Las Vegas Sands

Las Vegas Sands NYSE: LVS is a global developer and operator of integrated resorts, focused on large-scale properties that combine casino gaming with hotels, convention and exhibition facilities, retail, dining, and entertainment. The company's operations center on developing and managing full-service resort complexes that serve both leisure and business travelers, with emphasis on convention and trade-show business in addition to gaming revenue streams.

The company's portfolio has included prominent properties in North America and Asia, most notably The Venetian Resort in Las Vegas and Marina Bay Sands in Singapore, along with a significant presence in Macau through multiple integrated resorts.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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