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J.P. Morgan analyst favours Sands and DraftKings ahead of Q4 earnings

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J.P. Morgan analyst Daniel Politzer favoured Las Vegas Sands and DraftKings ahead of fourth-quarter earnings, while taking a cautious view of the wider gaming sector. He forecast $626 million in fourth-quarter Macau cash flow for Sands and $723 million in Singapore, and said comparisons would become harder in the second half of 2026.

The projections inform investors’ expectations for named operators ahead of quarterly results.

End-of-day close Las Vegas Sands (LVS), USD, to 11 March 2026
Story date11 December 202511 March 2026

Latest reported results

Las Vegas Sands NYSE: LVS

Quarter ended 30 September 2026

Revenue
USD 3.22bn10-Q filing 0001300514-26-000103
Operating income
USD 618.0m10-Q filing 0001300514-26-000103

DraftKings NASDAQ: DKNG

Quarter ended 30 September 2026

Revenue
USD 1.33bn10-Q filing 0001883685-26-000041
Operating income
−USD 493.1m10-Q filing 0001883685-26-000041

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