Las Vegas Sands Faces Multiple Estimate Reductions From Zacks

Zacks Research has lowered its long-term profit estimates for Las Vegas Sands Corp., cutting its FY2027 forecast to $3.01 per share from an earlier $3.49 estimate while keeping a Strong Sell rating on the company. The research firm also established an initial FY2028 earnings forecast of $3.35 per share.

The reduction follows a series of estimate cuts made on Wednesday, November 4th, when Zacks reduced its FY2026 profit expectation to $2.74 per share from $3.09. Zacks also outlined projections across several coming quarters, forecasting $0.70 for the fourth quarter of 2026, followed by $0.80 in the first quarter of 2027 and $0.89 in the first quarter of 2028. The firm had previously lowered its recommendation on the resort operator from Hold to Strong Sell.

The bearish revisions arrived after Las Vegas Sands reported quarterly financial results on Wednesday, October 21st, that missed expectations. The casino operator earned $0.54 per share, below the consensus estimate of $0.68. Net revenue fell 3.5% year over year to $3.22 billion, trailing the $3.33 billion projected by analysts. The company recorded a net margin of 11.85% and a return on equity of 177.43% for the period.

Despite the pessimism from Zacks, the broader analyst community remains divided. MarketBeat data shows an overall Hold rating based on ten Buy, nine Hold, and one Sell rating, accompanied by an average price target of $53.28. While firms such as Wells Fargo & Company and Jefferies Financial Group reduced their price targets on Thursday, October 22nd, CICC Research recently lifted its price objective from $61.20 to $67.20 with an Outperform rating.

Alongside its quarterly results, the company declared a quarterly dividend of $0.30 per share payable on Tuesday, November 10th to shareholders of record on Monday, November 2nd. The payout translates to an annualized dividend of $1.20 and a yield of 2.9%.