United Parks & Resorts(US:PRKS) Yahoo Financeยท2025-11-06 19:00Core Viewpoint - United Parks & Resorts experienced a significant decline in stock price, dropping 22.5% after missing earnings and sales forecasts for Q3 [1][7]. Financial Performance - United Parks reported earnings of $1.61 per share, missing the forecast of $2.37, and sales of $511.9 million, below the expected $538.2 million [1][3]. - Sales declined by 6% year-over-year, attributed to a 3% drop in attendance at its theme parks, while earnings fell by 25% year-over-year [3][4]. Management Commentary - CEO Marc Swanson expressed dissatisfaction with the quarterly results, citing factors such as an unfavorable calendar shift, poor weather during peak holiday periods, a decline in international visitation, and less than optimal execution as reasons for the poor performance [4]. - Swanson indicated that attendance would have been flat in Q3 if not for these adverse factors [4]. Future Outlook - The company plans to buy back $500 million worth of stock to enhance shareholder value and concentrate profits among fewer shares when business improves [5]. - Analysts predict a potential turnaround with approximately 10% earnings growth anticipated as early as next year [6][8]. Market Valuation - United Parks has a market capitalization of $2 billion and trailing earnings of $181 million, resulting in a price-to-earnings ratio of 11, which is considered undemanding [6].