Analysts on Wall Street project that Six Flags Entertainment Corporation (FUN) will announce quarterly loss of -$0.29 per share in its forthcoming report, representing a decline of 307.1% year over year. Revenues are projected to reach $620.3 million, declining 9.7% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
That said, let's delve into the average estimates of some Six Flags Entertainment Corporation metrics that Wall Street analysts commonly model and monitor.
Analysts forecast 'Net revenues- Admissions' to reach $317.77 million. The estimate indicates a change of -11.9% from the prior-year quarter.
Analysts expect 'Net revenues- Accommodations, extra-charge products and other' to come in at $102.90 million. The estimate indicates a year-over-year change of -9.9%.
The combined assessment of analysts suggests that 'Net revenues- Food, merchandise and games' will likely reach $202.56 million. The estimate indicates a change of -4.7% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Attendance' of 9.54 million. The estimate compares to the year-ago value of 10.69 million.
View all Key Company Metrics for Six Flags Entertainment Corporation here>>>
Over the past month, Six Flags Entertainment Corporation shares have recorded returns of -4% versus the Zacks S&P 500 composite's -1.4% change. Based on its Zacks Rank #4 (Sell), FUN will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Six Flags Entertainment Corporation (FUN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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