Las Vegas Sands Corp. saw its shares trade at $44.18, the lowest level in the past 52 weeks. The move represents a 27.7% decline from the start of the year and a 23.27% drop over the past twelve months.
In the second quarter, the company reported earnings of $0.59 per share, well below Wall Street’s consensus of $0.79. Revenue came in at $3.15 billion, missing the $3.38 billion forecast.
Eleven analysts have revised earnings estimates downward for the upcoming period. Argus lowered its rating to Hold from Buy, citing economic headwinds in China and uncertainty in Singapore. Mizuho cut its price target to $61 from $67 while keeping an Outperform stance, and Stifel reduced its target to $60 from $74, maintaining a Buy rating but flagging weak growth in Macau’s mass‑market segment.
Despite the earnings miss, the firm reported strong gaming volumes in its Macau and Singapore properties, suggesting underlying demand in its core markets.
