LAS VEGAS SANDS Reports Second Quarter Fiscal Year 2023 Earnings Results
July 22, 2023
🌥️Earnings Overview
LAS VEGAS SANDS ($NYSE:LVS) reported an impressive growth in their earnings results for the second quarter of their fiscal year 2023, ending June 30, 2023. Total revenue increased by 143.3% year-over-year to USD 2542.0 million, and net income improved significantly from -290.0 million to a reported USD 312.0 million.
Share Price
The company’s stock opened at $60.3 and closed at $59.7, down by 0.6% from their last closing price of 60.0. Overall, LAS VEGAS SANDS had a strong quarter and the results exceeded expectations, leading to an uptick in investor confidence. The company is well-positioned for growth and investors can expect continued strong performance in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for LVS. More…
| Total Revenues | Net Income | Net Margin |
| 6.78k | 51 | 1.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for LVS. More…
| Operations | Investing | Financing |
| 6 | 4.16k | 1.12k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for LVS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 22.71k | 18.89k | 5.31 |
Key Ratios Snapshot
Some of the financial key ratios for LVS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -7.7% | -17.6% | 12.0% |
| FCF Margin | ROE | ROA |
| -11.9% | 12.6% | 2.2% |
Analysis
At GoodWhale, we recently conducted an analysis of Las Vegas Sands’s wellbeing. After careful consideration, we have determined that they are a medium risk investment in terms of financial and business aspects, based on our Risk Rating. We have also detected two risk warnings within their balance sheet and cashflow statement. If you’d like to know more, don’t hesitate to register with us and check it out. We are confident that our team of experts can provide you with the best insights and advice on this investment. More…
Peers
The Las Vegas Sands Corp is one of the largest casino operators in the world and its competitors include Monarch Casino & Resort Inc, NagaCorp Ltd, and Eumundi Group Ltd. The company has been in operation for over 50 years and has a strong presence in the US, Asia, and Europe. The company’s competitors are all large, well-established companies with a strong presence in their respective markets. Las Vegas Sands Corp has a strong brand and a loyal customer base. The company’s competitors are all large, well-funded companies with a strong presence in their respective markets.
– Monarch Casino & Resort Inc ($NASDAQ:MCRI)
Monarch Casino & Resort Inc is a holding company that, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino located in Reno, Nevada, and the Monarch Black Hawk Casino Resort in Black Hawk, Colorado. The company has a market cap of 1.16B and a ROE of 17.26%. The Atlantis Casino Resort Spa is a AAA Four Diamond award-winning hotel and casino that features over 11,000 square feet of gaming space, including a poker room, race and sports book, and over 600 slot machines and table games. The Monarch Black Hawk Casino Resort is a AAA Three Diamond award-winning hotel and casino that features over 500 slot machines and 26 table games.
– NagaCorp Ltd ($SEHK:03918)
NagaCorp Ltd is a casino operator based in Cambodia. The company has a market cap of 17.7B as of 2022 and a return on equity of 0.7%. NagaCorp operates the NagaWorld casino resort in Phnom Penh, Cambodia. The company also has interests in online gaming, hotels, and restaurants.
– Eumundi Group Ltd ($ASX:EBG)
Eumundi Group Ltd is a holding company that operates through its subsidiaries. The company operates in two segments: businesses and real estate. The businesses segment includes businesses that provide services such as marketing, advertising, and event management. The real estate segment includes properties that are leased to third-party tenants.
Eumundi Group Ltd has a market cap of 47.33M as of 2022. The company has a return on equity of 11.53%.
The company operates in two segments: businesses and real estate. The businesses segment includes businesses that provide services such as marketing, advertising, and event management. The real estate segment includes properties that are leased to third-party tenants.
Summary
LAS VEGAS SANDS has reported positive financial results for the second quarter of its fiscal year 2023. Total revenue for the quarter was USD 2542.0 million, a year-over-year increase of 143.3%. Net income reported was USD 312.0 million, a significant improvement from the -290.0 million reported the previous year. This positive financial performance indicates that the company is financially sound and a viable option for potential investors looking for long-term growth.
It is likely that the company will continue to benefit from increased tourism in Las Vegas and its other locations in the future. The company’s strong financial performance also signals that it is well-positioned to weather any economic downturns. Investors should view LAS VEGAS SANDS as a promising opportunity.
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