Six Flags Entertainment Analysts Slash Their Forecasts After Q2 Results

Core Insights - Six Flags Entertainment Corporation reported disappointing second-quarter sales of $930.39 million, missing the analyst consensus estimate of $1.05 billion [1] - The company’s adjusted earnings per share decreased to 26 cents from 40 cents year-over-year, while GAAP earnings per share fell to 99 cents from $1.08 [1] - CEO Richard Zimmerman expressed disappointment over the start of the 2025 season, indicating that expectations were not met despite previous progress post-merger [2] Financial Projections - Six Flags revised its 2025 EBITDA projection to a range of $860 million to $910 million, citing weaker-than-expected season pass sales and ongoing economic uncertainty as key factors [3] - The company anticipates that a smaller season pass base will hinder demand and limit attendance growth until the 2026 season pass program is introduced [3] Analyst Reactions - Following the earnings announcement, several analysts adjusted their price targets for Six Flags: - Jefferies downgraded the stock from Buy to Hold, lowering the price target from $41 to $25 [6] - Mizuho maintained an Outperform rating but reduced the price target from $36 to $30 [6] - Barclays kept an Overweight rating while lowering the price target from $40 to $27 [6] - Guggenheim maintained a Buy rating and cut the price target from $48 to $43 [6] - Goldman Sachs maintained a Neutral rating and reduced the price target from $30 to $23 [6]