2 Entertainment Stocks Catch Traders’ Attention Before Earnings

Melco Crown Entertainment (NASDAQ:MPEL) will unveil its latest earnings on Thursday, November 10, 2011. The average estimate of analysts is for profit of 19 cents per share, a rise of more than threefold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 8 cents. Between one and three months ago, the average estimate moved up. It has risen from 11 cents during the last month. For the year, analysts are projecting net income of 42 cents per share, a rise of 2000% from last year.

On average, analysts predict $963.6 million in revenue this quarter, a rise of 32.6% from the year ago quarter. Analysts are forecasting total revenue of $3.67 billion for the year, a rise of 39% from last year’s revenue of $2.64 billion.

Competitors to Watch: Melco Crown Entertainment Ltd. (NYSE:MAS), Wynn Resorts, Limited (NASDAQ:WYNN), MGM Resorts International. (NYSE:MGM), Las Vegas Sands Corp. (NYSE:LVS), Century Casinos, Inc. (NASDAQ:CNTY), Ameristar Casinos, Inc. (NASDAQ:ASCA), Asia Entertainment & Resources Ltd. (NASDAQ:AERL), Trans World Corporation (TWOC), Riviera Holdings Corp. (RVHLQ), and Pinnacle Entertainment, Inc (NYSE:PNK).

The Walt Disney Company (NYSE:DIS) will unveil its latest earnings on Thursday, November 10, 2011. The average estimate of analysts is for profit of 55 cents per share, a rise of 22.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 65 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 55 cents during the last month. For the year, analysts are projecting net income of $2.50 per share, a rise of 20.8% from last year.

Last quarter, the company came in at profit of 78 cents per share against a mean estimate of net income of 73 cents per share, beating estimates after missing them in the previous quarter. In the second quarter, it missed forecasts by 8 cents. On average, analysts predict $10.36 billion in revenue this quarter, a rise of 6.4% from the year ago quarter. Analysts are forecasting total revenue of $40.82 billion for the year, a rise of 7.3% from last year’s revenue of $38.06 billion.

Competitors to Watch: CBS Corporation (NYSE:CBS), News Corporation (NASDAQ:NWSA), Time Warner Inc. (NYSE:TWX), Comcast Corporation (NASDAQ:CMCSA), Journal Communications, Inc. (NYSE:JRN), Cumulus Media Inc. (NASDAQ:CMLS), Scripps Networks Interactive, Inc. (NYSE:SNI), Entravision Communication (NYSE:EVC), and Entercom Communications Corp. (NYSE:ETM).

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