Las Vegas Sands Corp. (LVS) - Bull of the Day

By Zacks.com,  May 18, 2012, 01:00:01 AM EDT

Las Vegas Sands Corp.'s ( LVS ) first-quarter results were robust with an industry-wide record of $1 billion EBITDA and adjusted earnings up 89.2% year over year. The first-quarter earnings also surpassed the Zacks Consensus Estimate by $0.10.

The company enjoys a revenue compound annual growth rate of over 20%. With the gradual recovery in global economy, the company is experiencing an increase in demand. Macao and Singapore operations continue to witness strong momentum. The business at Las Vegas, which was worst hit due to the economic slowdown, is also steadily improving.

Moreover, we view the company's Sand Cotai Central project as a long-term catalyst. Additionally, the company remains focused on enhancing shareholder value. Thus, we expect the company's earnings to increase going forward. Hence, we upgrade the stock from Neutral to Outperform.
 
LAS VEGAS SANDS (LVS): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: LVS



Latest News Video

Avoid These Behavioral Investing Traps
Avoid These Behavioral Investing Tr...
WSJ Startup of the Year: The Series
WSJ Startup of the Year: The Serie...
How to File Insurance Claims When Disaster Strikes
How to File Insurance Claims When D...
Where Horses Live Like Millionaires
Where Horses Live Like Millionaires


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.




Most Active by Volume:

Company Last Sale Change Net / %
S $ 7 0.32  4.37%
PFE $ 29.10 0.30  1.02%
BAC $ 13.19 0.08  0.60%
MU $ 13.97 0.22  1.60%
SIRI $ 3.37 0.03  0.88%
GE $ 23.98 0.35  1.44%
QQQ $ 72.76 0.82  1.11%
ELN $ 14.15 0.37  2.69%