Las Vegas Sands Corp. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

As you might know, Las Vegas Sands Corp. (NYSE:LVS) last week released its latest second-quarter, and things did not turn out so great for shareholders. Results showed a clear earnings miss, with US$3.2b revenue coming in 4.7% lower than what the analystsexpected. Statutory earnings per share (EPS) of US$0.53 missed the mark badly, arriving some 26% below what was expected. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

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Following last week's earnings report, Las Vegas Sands' 16 analysts are forecasting 2026 revenues to be US$13.8b, approximately in line with the last 12 months. Per-share earnings are expected to increase 7.8% to US$2.88. In the lead-up to this report, the analysts had been modelling revenues of US$14.0b and earnings per share (EPS) of US$3.16 in 2026. The analysts seem to have become a little more negative on the business after the latest results, given the minor downgrade to their earnings per share numbers for next year.

View our latest analysis for Las Vegas Sands

It might be a surprise to learn that the consensus price target fell 10% to US$59.07, with the analysts clearly linking lower forecast earnings to the performance of the stock price. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Las Vegas Sands analyst has a price target of US$71.50 per share, while the most pessimistic values it at US$47.00. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Las Vegas Sands shareholders.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that Las Vegas Sands' revenue growth is expected to slow, with the forecast 1.2% annualised growth rate until the end of 2026 being well below the historical 28% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 9.4% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Las Vegas Sands.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Las Vegas Sands' revenue is expected to perform worse than the wider industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.

With that in mind, we wouldn't be too quick to come to a conclusion on Las Vegas Sands. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Las Vegas Sands going out to 2028, and you can see them free on our platform here..

We don't want to rain on the parade too much, but we did also find 2 warning signs for Las Vegas Sands that you need to be mindful of.

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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.