Melco Crown Entertainment Ltd Second Quarter Earnings Sneak Peek

Melco Crown Entertainment Limited (NASDAQ:MPEL) will unveil its latest earnings on Monday, July 25, 2011. Melco Crown Entertainment, Ltd. is a holding Company, which through its subsidiaries, develops, owns and operates casino gaming and entertainment resort facilities focused on the Macau market.

Melco Crown Entertainment Limited Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 9 cents per share, a swing from net loss of 5 cents in the year earlier quarter. During the past three months, the average estimate has moved up from breaking even. Between one and three months ago, the average estimate moved up, and has risen from 4 cents during the last month. For the year, analysts are projecting profit of 28 cents per share, a rise of 1300% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported net income of one cent per share versus a mean estimate of profit of 6 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by 3 cents.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $910.1 million in revenue this quarter, a rise of 58.7% from the year ago quarter. Analysts are forecasting total revenue of $3.47 billion for the year, a rise of 31.4% from last year’s revenue of $2.64 billion.

Analyst Ratings: Analysts are bullish on this stock with eight analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 86.8%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose more than twofold from the year earlier quarter.

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) and Pinnacle Entertainment, Inc (NYSE:PNK).

Stock Price Performance: During April 21, 2011 to July 19, 2011, the stock price had risen $4.91 (49.1%) from $10 to $14.91. The stock price saw one of its best stretches over the last year between December 30, 2010 and January 12, 2011 when shares rose for 10-straight days, rising 17.9% (+$1.13) over that span. It saw one of its worst periods between December 1, 2010 and December 15, 2010 when shares fell for 11-straight days, falling 9.4% (-58 cents) over that span. Shares are up $8.55 (+134.4%) year to date.

(Source: Xignite Financials)

Get Actionable Investing Insights: Check Out Wall St. Cheat Sheet’s newest Feature Trades of the Month!