Of 19 analysts covering Las Vegas Sands, 16 have a Buy or Strong Buy rating. The other three have Hold ratings. At a share price of around $58.20, the upside potential based on a median price target of $65.00 is 11.4%. At the high price target of $76.00, the upside potential is 30.6%.
Analysts have a consensus first-quarter revenue estimate of $1.83 billion, up 64.1% sequentially and by 97.2% year over year. The consensus also calls for EPS of $0.18 in the quarter, compared to the prior quarter’s loss of $0.19 per share and a year-ago loss of $0.40 per share. For the full fiscal year, Las Vegas Sands is expected to post EPS of $1.47, compared with a loss per share of $1.20 a year ago. Sales are forecast to rise by 112.5% to $8.74 billion.
Las Vegas Sands stock trades at 39.6 times expected 2023 earnings and 21.4 times estimated 2024 earnings of $2.72 per share. The stock’s 52-week range is $28.88 to $60.99, and the company does not pay a dividend. Total shareholder return over the past year is 57.39%.
Tesla
Despite a year-to-date gain of more than 51%, shares of Tesla Inc. (NASDAQ: TSLA) are down about 43% over the past 12 months. Now that most legacy automakers have a number of options available to compete with Tesla, investors have been concerned that Tesla’s margins and profits will suffer as the company has to cut prices (five so far this year) to remain competitive. Tesla bulls see a company with an insurmountable lead for at least the next several years as more plants are built, primarily to produce EVs in the neighborhood of $25,000.
Sentiment toward Tesla remains bullish. Of 36 analysts covering the stock, 19 have a Buy or a Strong Buy rating and 13 more rate it at Hold. At a share price of around $187.00, the implied upside based on a median price target of $219.00 is 17.1%. Based on a high price target of $320.00, the upside potential is nearly 71.1%.
Analysts expect Tesla to post first-quarter revenue of $23.27 billion, down 4.3% sequentially but 24.0% higher year over year, and adjusted EPS of $0.85, down 28.7% sequentially and by 20.6% year over year. For the full 2023 fiscal year, current estimates call for EPS of $3.96, down 2.8%, on sales of $102.49 billion, up 25.8%.
Tesla stock trades at 47.3 times expected 2023 EPS, 33.9 times estimated 2024 earnings of $5.52 and 27.1 times estimated 2025 earnings of $6.91. The stock’s 52-week range is $101.81 to $364.07. Tesla does not pay a dividend. Total shareholder return over the past year is negative 43.03%.
Originally published at 24/7 Wall St.
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