| LVS |
Report |
Macao Adj. Property EBITDA |
MISS |
pred ~$595M vs. cons ~$620M |
MEDIUM |
| LVS |
Report |
Marina Bay Sands Adj. Property EBITDA |
IN-LINE |
pred ~$690M vs. cons ~$700M |
MEDIUM |
| LVS |
Report |
Adjusted EPS |
IN-LINE |
pred ~$0.78 vs. cons ~$0.77 |
MEDIUM |
| LVS |
Guide |
Macao margin/EBITDA trajectory toward $700M/qtr goal (2H26) |
LOWER |
guide ~$620-650M vs. cons ~$680M run-rate (2H26) |
MEDIUM |
| LVS |
Guide |
Share buyback pace / new authorization |
BETTER |
guide ~$800M+/qtr vs. cons ~$740M ($817M auth remaining, Q3'26) |
MEDIUM |
| LVS |
Guide |
Venetian renovation disruption commentary |
UNKNOWN |
guide ~modest/limited vs. cons ~modest (2H26-2027, new rooms Q3'26) |
LOW |
| LVS |
Guide |
IR2 (MBS expansion) capex cadence |
UNCHANGED |
guide ~$8B+ multi-year vs. cons ~$8B, ~20%+ ROIC (2026-2029) |
LOW |
| LVS |
Return |
Day-1 residual (stock − beta × S&P 500) |
-3.0% |
— |
MEDIUM |
| LVS |
Return |
5-day cumulative residual |
-4.5% (FOLLOW-THROUGH) |
Soft World-Cup-disrupted Macao market (June GGR -12% YoY) plus persistent margin reinvestment reset drives Macao estimate cuts through the out-period; MBS reported YoY optically weak on the ~$107M hold-inflated Q2'25 comp. Consistent with the stock's pattern of selling off on both prior 'beats' (-14% Q4, -9% Q1), negative revisions outweigh reset-low expectations and buyback support, extending initial weakness rather than reversing it. |
LOW |