Reading LVS? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track LVS free→Reading LVS? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track LVS free→NYSEConsumer DiscretionaryResorts & CasinosSnapshot 2026-06-12
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
Recent financial performance is strong, but management's recent track record has been unsteady, with frequent disruptive corporate changes. Earnings quality is neutral, and the sector backdrop is a headwind, indicating challenges in the broader market. Peer multiples imply a price about 18% above where it trades (it looks cheap on this basis); the read is fair. The outlook hinges on guidance changes and sector trends, particularly how leading companies in the Consumer Discretionary sector perform. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 8 valuation methods, at three horizons. Current price $50.67. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $51 LVS trades at 15× p/e, below its 18× p/e peer median. Our $62 fair value sits above the price; high confidence. Analysts: $62–$74. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 19% below a flat-multiple fair value, below our forecast of about 45%. This describes what's priced in, not a forecast of the move.
No fragility gates fired.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Consumer Discretionary names rated strong grew net income 70% of the time over the next year (vs 53% for the rest of the cohort, n=2844).
Over the trailing year it converted 1.75x of net income into operating cash flow. Historically, Consumer Discretionary names rated neutral grew net income 52% of the time over the next year (vs 55% for the rest of the cohort, n=3229).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, Fed net liquidity, long-term interest rates.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.00 → $0.79. 0 raised, 2 cut, 12 covering analysts.
0 upgrades, 0 downgrades / 30d, 2 maintained. 70% of analysts rate Buy.
1 PT revisions / 30d. Avg target 21.5% above current price.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$107.
How much price usually moves either way.
On a bad day, this stock has moved -$288.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $2,849.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-12
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Earnings results will show revenue trends and the company's overall health.
Confirms one read:Q2 earnings show net income growth exceeding 50% year over year.
Confirms the other:Q2 earnings show net income growth below 20% year over year.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for LVS yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Entry into a Material Definitive Agreement. 5.300% Senior Notes due 2031; 5.650% Senior Notes due 2033 On May 13, 2026, Las Vegas Sands Corp. (the “Company”) completed its previously announced underwritten public offering of an aggregate principal amount of $500 million of the Company’s 5.300% Senior Notes due 2031 (the “2031 Notes”) and $500 million of the Company’s 5.650% Senior Notes due 2033 (the “2033 Notes” and, together with the 2031 Notes, the “Notes”). The Notes were offered and sold…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
$62.00 – $74.00 (median $65.00) · 5 analysts · as of 2026-06-04
Looks cheaper than most peers in the same business.
Cheaper than its own typical valuation.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Casinos & Gaming.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
LVS Las Vegas Sands | — | fair | moderate |
DKNG DRAFTKINGS INC | Below typical Show detailsSector percentile: 8 of 100 | expensive | elevated |
MGM MGM Resorts | Typical Show detailsSector percentile: 39 of 100 | inexpensive | moderate |
WYNN Wynn Resorts | Typical Show detailsSector percentile: 39 of 100 | fair | moderate |
RSI Rush Street Interactive, Inc. | Typical Show detailsSector percentile: 40 of 100 | expensive | elevated |
13 material management or governance events in the past 24 months, led by executive changes. Historically, Consumer Discretionary names rated volatile grew net income 58% of the time over the next year (vs 54% for the rest of the cohort, n=486).
Not investment advice. As of 2026-06-12.
via XLY
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-12.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Continue to drive growth in Macao and Singapore through capital investments and operational improvements.
Enhance shareholder returns through dividends and share repurchases.
Focus on delivering outstanding service, hospitality, and entertainment experiences to drive growth.
Raise the annual dividend to provide strong returns to shareholders.
Why it matters: Growth in these regions is key for Las Vegas Sands' future success. Strong growth signals effective strategy.
Confirms:Q2 revenue growth in Macao and Singapore exceeds 20% year over year.
Disproves:Q2 revenue growth in Macao and Singapore falls below 10% year over year.
Why it matters: Better customer service can make customers happier. This can lead to more visits and more money.
Confirms:Customer service ratings improve by more than 10% in the next survey.
Disproves:Customer service ratings decline by more than 5% in the next survey.
Why it matters: An increase shows confidence in cash flow and future growth. It can attract more investors.
Confirms:Announcement of an annual dividend increase of more than 5%.
Disproves:No dividend increase will be announced at the next quarterly meeting.
Why it matters: A higher dividend shows confidence in cash flow. It also shows a commitment to shareholders.
Confirms:Management says they will raise the quarterly dividend to more than $0.30 per share.
Disproves:Management keeps the quarterly dividend at $0.30 per share or lower.
Creation of a Direct Financial Obligation or an Obligation under an Off Balance Sheet Arrangement of a Registrant . The information set forth in
Results of Operations and Financial Condition. On April 22, 2026, Las Vegas Sands Corp. (the “Company”) issued a press release announcing its results of operations for the first quarter ended March 31, 2026. The press release is attached as Exhibit 99.1 to this report and is incorporated by reference into this item. Within the Company’s first quarter ended March 31, 2026 press release, the Company makes reference to certain non-GAAP financial measures that supplement the Company’s consolidate…
Other Events. On May 4, 2026, Las Vegas Sands Corp. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”), among the Company, Barclays Capital Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC and SMBC Nikko Securities America, Inc., as representatives of the several underwriters named therein (the “Underwriters”), to issue and sell (i) $500,000,000 aggregate principal amount of the Company’s 5.300% Senior Notes due 2031 at a public offering price equal to 9…
Chairman, Chief Executive Officer, President and Treasurer — Patrick Dumont: Patrick Dumont was promoted to multiple senior roles within the company.