Revenue Beat: Las Vegas Sands Corp. Exceeded Revenue Forecasts By 9.1% And Analysts Are Updating Their Estimates

Las Vegas Sands Corp. (NYSE:LVS) just released its latest quarterly results and things are looking bullish. The company beat expectations with revenues of US$3.3b arriving 9.1% ahead of forecasts. Statutory earnings per share (EPS) were US$0.61, 5.6% ahead of estimates. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

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Taking into account the latest results, the consensus forecast from Las Vegas Sands' 15 analysts is for revenues of US$13.3b in 2026. This reflects a solid 8.5% improvement in revenue compared to the last 12 months. Per-share earnings are expected to surge 36% to US$3.13. In the lead-up to this report, the analysts had been modelling revenues of US$12.9b and earnings per share (EPS) of US$2.80 in 2026. There's been a pretty noticeable increase in sentiment, with the analysts upgrading revenues and making a nice gain to earnings per share in particular.

View our latest analysis for Las Vegas Sands

With these upgrades, we're not surprised to see that the analysts have lifted their price target 7.7% to US$65.34per share. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Las Vegas Sands analyst has a price target of US$75.50 per share, while the most pessimistic values it at US$59.00. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We would highlight that Las Vegas Sands' revenue growth is expected to slow, with the forecast 6.7% annualised growth rate until the end of 2026 being well below the historical 29% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 11% annually. Factoring in the forecast slowdown in growth, it seems obvious that Las Vegas Sands is also expected to grow slower than other industry participants.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Las Vegas Sands following these results. Fortunately, they also upgraded their revenue estimates, although our data indicates it is expected to perform worse than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Las Vegas Sands going out to 2027, and you can see them free on our platform here..

You should always think about risks though. Case in point, we've spotted 3 warning signs for Las Vegas Sands you should be aware of, and 1 of them is a bit unpleasant.

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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.