FILE – This June 17, 2014 file photo shows the Sands Expo and Convention Center and The Palazzo in … [+] Las Vegas. Las Vegas Sands Corp. (LVS) on Wednesday, Jan. 27, 2021 reported a fourth-quarter loss of $299 million, after reporting a profit in the same period a year earlier. (AP Photo/John Locher, File)
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Las Vegas Sands Inc. is scheduled to report earnings after Wednesday’s close. The stock hit a record high of $148.76/share in 2007 and is currently trading near $47/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:

Earnings Preview:

The company is expected to report a loss of ($0.19)/share on $1.45 billion in revenue. Meanwhile, the so-called Whisper number is not available as analysts do not have one for this quarter.

Charts Courtesy of MarketSmith Incorporated
Charts Courtesy of MarketSmith Incorporated

A Closer Look At The Fundamentals:

The company lost money in 2020 and likely the first half of 2021 as its business was adversely affected from 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. Those two factors tend to be very bullish factors for the gaming industry.

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A Closer Look At The Technicals:

Technically, the stock is in a steep downtrend which is not a good sign for the bulls. Investors are still looking for more signs of a return to normal before plowing back into this stock. Technically, the stock needs to trad above $56-$60 before it can move higher. Until it does that the stock remains under pressure.

Pay Attention To How The Stock Reacts To The News:

From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news. Remember, always keep your losses small and never argue with the tape.

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