Wall Street analysts forecast that United Parks & Resorts (PRKS) will report quarterly earnings of $0.46 per share in its upcoming release, pointing to a year-over-year decline of 13.2%. It is anticipated that revenues will amount to $378.07 million, exhibiting a decrease of 1.6% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 4.7% in the past 30 days, bringing it to its present level. 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 use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some United Parks & Resorts metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Net revenues- Food, merchandise and other' at $173.13 million. The estimate indicates a change of +0.9% from the prior-year quarter.
The combined assessment of analysts suggests that 'Net revenues- Admissions' will likely reach $208.23 million. The estimate points to a change of -2.2% from the year-ago quarter.
It is projected by analysts that the 'Admissions per capita' will reach $42.23 . The estimate compares to the year-ago value of $43.61 .
Analysts predict that the 'Attendance' will reach 4,869 . Compared to the present estimate, the company reported 4,881 in the same quarter last year.
The consensus among analysts is that 'Total revenue per capita' will reach $77.53 . Compared to the current estimate, the company reported $78.75 in the same quarter of the previous year.
Analysts forecast 'In-Park per capita spending' to reach $35.29 . The estimate compares to the year-ago value of $35.14 .
View all Key Company Metrics for United Parks & Resorts here>>>
Shares of United Parks & Resorts have demonstrated returns of -6.8% over the past month compared to the Zacks S&P 500 composite's -0.3% change. With a Zacks Rank #4 (Sell), PRKS is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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United Parks & Resorts Inc. (PRKS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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