Las Vegas Sands
Las Vegas Sands Corp. (NYSE: LVS) has dropped about 40% of its value over the past 12 months. Most recently, a company-backed effort to get an initiative on the ballot to permit commercial gambling in northern Florida was summarily abandoned. The company’s properties in Macau have been battered by China’s strict coronavirus lockdown policies, and it has no U.S. properties to help offset the shortfall. So far, the company’s only moves in online gambling have been “strategic” investments in tech companies. Las Vegas Sands reports results after markets close on Wednesday.
Of 17 analysts covering the stock, 10 have a Buy or Strong Buy rating. Another six rate shares at Hold. At a share price of around $35.40, the upside potential based on a median price target of $50.50 is 42.7%. At the high price target of $67, the upside potential is 89.3%.
Analysts have a consensus first-quarter revenue estimate of $1.13 billion, up 12.1% sequentially but 5.8% lower year over year. The consensus forecast also calls for a loss per share of $0.24 in the quarter, compared to the prior quarter’s loss of $0.22 per share, and a penny more than the year-ago loss for the quarter. For the full fiscal year, Las Vegas Sands is expected to post EPS of $0.11, compared with a loss per share of $1.18 a year ago. Sales are forecast to rise by 48.3% to $6.28 billion.
Las Vegas Sands stock trades at 328.9 times expected 2022 earnings, 16.5 times estimated 2023 earnings of $2.87 and 11.5 times estimated 2024 earnings of $3.76 per share. The stock’s 52-week range is $31.26 to $62.85, and the company does not pay a dividend. Total shareholder return over the past year is negative 41%.
Shares of satellite radio provider Sirius XM Holdings Inc. (NASDAQ: SIRI) have risen by about 1% over the past 12 months. What drives Sirius XM’s performance is self-paying consumers who received a trial period with their new car purchase and sign up to continue paying.
With car sales sliding due to all sorts of supply chain issues, and now the threat of inflation, consumers are holding back on discretionary purchases, like new vehicles or satellite radio. One bright spot for the company: there is negligible subscriber churn. The company reports results before markets open on Thursday.
Of 16 brokerages covering the stock, nine have a Buy or Strong Buy rating and another three rate the shares at Hold. At a price of around $6.10 per share, the potential upside based on a median price target of $7.50 is about 23%. At the high price target of $9, the upside potential is 47.5%.
The consensus estimate calls for first-quarter revenue of $2.15 billion, down 5.8% sequentially and up 4.4% year over year. Adjusted EPS are pegged at $0.08, up 0.3% (essentially flat) sequentially and up a penny year over year. For full fiscal 2022, Sirius XM is expected to report EPS of $0.32, down about 4.8%, on revenue of $8.98 billion, up 3.3%.
Sirius XM’s stock trades at 18.9 times expected 2022 EPS, 16.4 times estimated 2023 earnings of $0.37 and 14.7 times estimated 2024 earnings of $0.42. The stock’s 52-week range is $5.75 to $7.29, and the current annual dividend is about $0.09 (yield of 1.42%). Total shareholder return for the past 12 months was 0.9%.
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