Seeking Alpha
Long/short equity, contrarian, short-term horizon, dividend investing
Profile| Send Message|
( followers)  

Melco Crown Entertainment Ltd. (NASDAQ:MPEL) is due to report earnings before the opening bell on Tuesday, August 23. MPEL trades an average of 11.82 million shares per day, and has a market cap of $7.18 billion. Melco Crown Entertainment Limited, through its subsidiaries, engages in the development, ownership, and operation of casino gaming and entertainment resort facilities. The company was incorporated in 2004 and is based in Hong Kong.

Recent price: $13.84
52-week high: $16.15
52-week low: $3.87
Book value: $4.76

Analysts are expecting an improvement of $0.06 in earnings per share compared to last quarter's results of $0.01. A beat of $0.07 per share will top the estimated mean earnings. The forward P/E ratio is 197.71. Looking at the price movement over the last month, the stock has fallen in price 9.99 %, in the last quarter, it has returned 52.42%, with a one-year change of 257.87%. Comparing to the S&P 500 price changes, the price performances are 0.12% vs. the S&P 500 from a month ago, 106.94% vs. the S&P 500 from six months ago, and the year to date difference is 122.49% vs. the S&P 500 price change.
The company has rising revenue year-over-year of $2.64 billion for 2010 vs. $1.33 billion for 2009. The bottom line has rising earnings year-over-year of $-10.53 million for 2010 vs. $-308.46 million for 2009. The company's earnings before income and taxes are rising with an EBIT year-over-year of $92.51 million for 2010 vs. $-272.05 million for 2009. Annually, revenue is growing at a rate of 98.5%.


Gross reported revenue compared to the mean estimate (rounded).

Fiscal Quarter Ending Month-Year Revenue Estimates Actual $ Difference Difference %
Mar-11$ 815.83 M$ 806.59 M$ -9.24 M-1.13%
Dec-10$ 753.67 M$ 773.75 M$ 20.08 M2.66%
Sep-10$ 687.33 M$ 726.98 M$ 39.65 M5.77%
Jun-10$ 563.35 M$ 573.64 M$ 10.29 M1.83%
Mar-10$ 533.25 M$ 567.60 M$ 34.35 M6.44%
M = millions, B = billions

Reported earnings per share compared to the mean estimate. Differences are rounded.

Fiscal Quarter Ending Month-Year Estimate Actual Difference Difference %
Mar-110.060.01-0.05-83.33%
Dec-100.040.03-0.01-25%
Sep-100.000.030.03NA%
Jun-10-0.03-0.06-0.03NA%
Mar-10-0.02-0.020NA%
(Some onetime items are often excluded in reported EPS.)

Source: Earnings Preview: Melco Crown Entertainment Reports Q2 Results Tuesday