It has been about a month since the last earnings report for Las Vegas Sands (LVS). Shares have added about 5.7% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Las Vegas Sands due for a pullback? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Las Vegas Sands Q1 Earnings Beat, Down Y/Y on Coronavirus
Las Vegas Sands reported first-quarter 2020 results, wherein both earnings and revenues surpassed the respective Zacks Consensus Estimate after beating the same in preceding quarter. However, both the metrics declined sharply year over year on account of the coronavirus-induced shutdowns.
Earnings & Revenues Discussion
The company reported adjusted loss per share of 3 cents,
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