Core Insights - Six Flags Entertainment Corporation (FUN) is expected to report quarterly earnings of $2.32 per share, reflecting a 46.8% increase year-over-year, while revenues are forecasted at $1.35 billion, indicating a slight decline of 0.2% compared to the previous year [1] Earnings Projections - The consensus EPS estimate has been revised down by 0.9% in the last 30 days, indicating a reassessment by analysts [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [3] Revenue Estimates - Analysts project 'Net revenues- Admissions' to be $712.99 million, a decrease of 0.5% from the prior year [5] - 'Net revenues- Accommodations, extra-charge products and other' are expected to remain flat at $194.93 million year-over-year [5] - 'Net revenues- Food, merchandise and games' are anticipated to reach $434.00 million, reflecting a decline of 0.6% from the previous year [5] Attendance Forecast - The estimated attendance for the quarter is 21.30 million, up from 20.97 million in the same period last year [6] Stock Performance - Over the past month, shares of Six Flags have decreased by 6.1%, contrasting with a 1.3% increase in the Zacks S&P 500 composite [6] - Currently, FUN holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the overall market in the near term [6]
Unlocking Q3 Potential of Six Flags Entertainment Corporation (FUN): Exploring Wall Street Estimates for Key Metrics