| LVS |
Report |
Macao Operations EBITDA (Q2 2026) |
BEAT |
pred ~$580M vs. cons $559M (Visible Alpha, Jul 21 2026) |
MEDIUM |
| LVS |
Report |
MBS EBITDA (Q2 2026) |
MISS |
pred ~$700M vs. cons $728M (Visible Alpha, Jul 21 2026) |
MEDIUM |
| LVS |
Report |
Adj. EPS Diluted Operating (Q2 2026) |
MISS |
pred ~$0.74 vs. cons $0.751 (Visible Alpha, Jul 21 2026) |
MEDIUM |
| LVS |
Guide |
Macao EBITDA trajectory (Q3 2026 / FY 2026) |
UNCHANGED |
guide: reaffirm $700M LT target, World Cup one-time; no new number vs. cons $601M Q3E (Visible Alpha, Jul 21 2026) |
HIGH |
| LVS |
Guide |
MBS EBITDA trajectory (Q3 2026) |
UNCHANGED |
guide: acknowledge VIP normalization, emphasize mass/slots durability; no new number vs. cons $735M Q3E (Visible Alpha, Jul 21 2026) |
HIGH |
| LVS |
Guide |
Buyback pace (qualitative) |
BETTER |
guide: continued buybacks at depressed price ~$400-500M implied vs. Q1 $740M actual |
MEDIUM |
| LVS |
Guide |
World Cup framing (qualitative) |
BETTER |
management explicitly calls Q2 a one-time anomaly, signals Q3 recovery already underway |
HIGH |
| LVS |
Return |
Day-1 residual (stock − beta × S&P 500) |
-2.0% |
— |
MEDIUM |
| LVS |
Return |
5-day cumulative residual |
-3.0% (FADE) |
FADE — sell-side trims MBS Q3/Q4 on VIP normalization; Macao beat partially offsets but does not reverse direction |
MEDIUM |