| LVS |
Report |
Macao adjusted property EBITDA |
MISS |
pred ~$590M vs. cons $600M |
MEDIUM |
| LVS |
Report |
Marina Bay Sands adjusted property EBITDA |
BEAT |
pred ~$742M vs. cons $727M |
MEDIUM |
| LVS |
Report |
Adjusted diluted EPS |
BEAT |
pred ~$0.80 vs. cons $0.77 |
MEDIUM |
| LVS |
Guide |
Macao adjusted property EBITDA run-rate |
LOWER |
guide ~$600M vs. cons $620M (quarterly, 2H26) |
MEDIUM |
| LVS |
Guide |
Marina Bay Sands normalized adjusted property EBITDA run-rate |
LOWER |
guide ~$710M vs. cons $730M (quarterly, 2H26) |
MEDIUM |
| LVS |
Guide |
Capital expenditures |
UNCHANGED |
guide ~$2.35B vs. cons $2.35B (FY26) |
MEDIUM |
| LVS |
Return |
Day-1 residual (stock − beta × S&P 500) |
-2.5% |
— |
MEDIUM |
| LVS |
Return |
5-day cumulative residual |
-3.8% (FOLLOW-THROUGH) |
Property-level mix likely outweighs the EPS beat: implied 2H26 quarterly EBITDA of ~$1.31B versus consensus ~$1.35B should pull forward estimates lower, extending the day-1 decline. |
MEDIUM |