Las Vegas Sands Full Year 2024 Earnings: EPS Misses Expectations

Las Vegas Sands (NYSE:LVS) Full Year 2024 Results

Key Financial Results

• Revenue: US$11.3b (up 8.9% from FY 2023).
• Net income: US$1.45b (up 18% from FY 2023).
• Profit margin: 13% (up from 12% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.97 (up from US$1.60 in FY 2023).

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

Las Vegas Sands EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.7%.

The primary driver behind last 12 months revenue was the Marina Bay Sands segment contributing a total revenue of US$4.23b (37% of total revenue). Explore how LVS's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.1% 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 down 4.3% from a week ago.

Valuation

Las Vegas Sands' financial results now indicate the company's shares could present an opportunity based on 6 important indicators. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.