FILE – This photo dated June 17, 2014 shows the Sands Expo and Convention Center and the Palazzo in … [+]
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Las Vegas Sands Inc. is expected to release its results after close of trading on Wednesday. The stock hit a record high of $ 148.76 / share in 2007 and is currently trading at $ 47 / share. The stock is prone to large movements after reporting earnings and can easily go up on strong numbers. Conversely, if the numbers disappoint, the stock can go down slightly. To help you prepare, the road expects the following:
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Result preview:
The company is expected to report a loss of ($ 0.19) per share on sales of $ 1.45 billion. In the meantime, the so-called Whisper number is not available because analysts do not have one for this quarter.
Charts courtesy of MarketSmith Incorporated
Charts courtesy of MarketSmith Incorporated
A closer look at the basics:
The company lost money in 2020, and likely the first half of 2021, as its business was impacted by the Covid-19 shutdown that crippled the casino industry. The good news for the bulls is that the market is a forward-looking mechanism and the future looks bright as the economy is very strong and the stock market is trading near record highs. These two factors tend to be very bullish factors for the gaming industry.
A closer look at the technology:
Technically, the stock is on a steep downtrend, which is not a good sign for the bulls. Investors are still looking for more signs of normalcy before investing in this stock again. Technically, the stock has to trade above $ 56 to $ 60 before it can move up. Until then, the stock will remain under pressure.
Notice how the stock reacts to the news:
From my standpoint, the most important trait I look for during the reporting season is the reaction of the market and a particular company to the news. Remember to always keep your losses small and never argue with the band.
