Las Vegas Sands (LVS)
NYSEConsumer DiscretionaryGambling, Resorts & CasinosSnapshot 2026-09-04
$44.37-0.31%
Close 2026-09-04 · 1-day change
NYSEConsumer DiscretionaryGambling, Resorts & CasinosSnapshot 2026-09-04
Broken: Primary pillar broken — Annual earnings per share: Q2 FY26 EPS $0.59 vs $2.35 target.
Las Vegas Sands grew revenue 25% in Q1 2026. It earned $0.85 per share, beating estimates. The company bought back $740 million in stock recently. Growth in Macao and Singapore drives future sales.
The recent stock drop shows investor worries. Growth in Singapore faces new challenges. Debt and capital moves may limit cash returns. Revenue growth could slow below 5%.
The stock trades about 13% below our fair value near $53. Analysts expect 5% revenue growth. Our fair value is 17% below the Street median, reflecting caution.
Breaks if: Buybacks fall below $740 million in any quarter
Breaks if: Market share declines significantly in Singapore
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a mix of growth and income potential. LVS is focused on expanding in the Macao and Singapore markets while also returning capital to shareholders through buybacks and dividends.
The current valuation suggests that LVS is priced reasonably compared to its peers, with a slight expectations gap indicating that the market has low expectations for significant growth. The stock's fragility is low, suggesting that it is not overly sensitive to market shifts at this time.
Management has shown a commitment to growth, but recent financial results indicate a decline in revenue and profitability. Near-term risks are elevated, especially given the high miss probability in the industry, which could impact future performance.
The long-term thesis hinges on management's ability to drive growth in key markets and the performance of sector peers. Any cuts to guidance or a rise in inflation could negatively impact LVS, while positive earnings from competitors could provide a boost.
The most important moves since the prior daily snapshot.
Mixed, the news cuts both ways. The company targets significant EBITDA growth in Macau, which supports its growth objectives. However, the latest earnings miss raises concerns about its performance.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Continue to drive growth in Macao and Singapore through capital investments and operational improvements.
Breaks if: EPS falls below $2.35 in FY 2026
Breaks if: Revenue falls below $3.18 billion in any quarter
Continue to drive growth in Macao and Singapore through capital investments and operational improvements.
In the next 1 to 3 years, LVS's performance will depend on its execution of growth strategies and external economic factors. Not investment advice.