2 Stocks Popular on Trading Screens Ahead of Earnings Reports

Harley-Davidson, Inc. (NYSE:HOG) will unveil its latest earnings on Tuesday, January 24, 2012. The average estimate of analysts is for profit of 22 cents per share, a swing from net loss of 18 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 25 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 24 cents during the last month. Analysts are projecting profit to rise by 110.8% versus last year to $2.34.

The company is looking to top estimates for the third straight quarter. Last quarter, it reported net income of 78 cents per share against a mean estimate of profit of 74 cents, and the quarter before, the company exceeded forecasts by 11 cents with net income of 81 cents versus a mean estimate of profit of 70 cents. On average, analysts predict $1.01 billion in revenue this quarter, a rise of 10.1% from the year ago quarter. Analysts are forecasting total revenue of $4.64 billion for the year, a rise of 11% from last year’s revenue of $4.18 billion.

Competitors to Watch: Polaris Industries (NYSE:PII), Brunswick (NYSE:BC), Home Depot (NYSE:HD), Caterpillar (NYSE:CAT), General Motors (NYSE:GM), Ford (NYSE:F), Toyota (NYSE:TM) and Honda (NYSE:HMC).

International Game Technology (NYSE:IGT) will unveil its latest earnings on Tuesday, January 24, 2012. The average estimate of analysts is for net income of 22 cents per share, a rise of 4.8% 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 24 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 23 cents during the last month. For the year, analysts are projecting profit of $1.06 per share, a rise of 14% from last year.

Last quarter, the company beat estimates by one cent, coming in at net income of 24 cents a share versus the estimate of profit of 23 cents a share. It marked the fourth straight quarter of beating estimates. On average, analysts predict $487 million in revenue this quarter, a rise of 4.8% from the year ago quarter. Analysts are forecasting total revenue of $2.1 billion for the year, a rise of 7.1% from last year’s revenue of $1.96 billion.

Competitors to Watch: WMS Industries Inc. (NYSE:WMS), Shuffle Master, Inc. (NASDAQ:SHFL), Multimedia Games, Inc. (NASDAQ:MGAM), GameTech International (NASDAQ:GMTC), Scientific Games Corp. (NASDAQ:SGMS), Bally Technologies Inc. (NYSE:BYI) and Gaming Partners Intl. Corp. (NASDAQ:GPIC).