Core Viewpoint - United Parks & Resorts Inc. (NYSE:PRKS) is currently viewed as a "deep value stock" despite a significant decline in stock price following its fiscal Q3 2025 results, with analysts maintaining a positive outlook for future growth [1][4]. Financial Performance - The company reported a 6.24% year-over-year decrease in revenue to $511.85 million for fiscal Q3, missing expectations by $26.4 million [2]. - Earnings per share (EPS) of $1.61 also fell short of consensus estimates by $0.65 [2]. Factors Affecting Performance - Management attributed the muted quarterly performance to unfavorable calendar shifts, poor weather during holiday seasons, and a decline in international visitation, resulting in a decrease of 252 thousand guests compared to the first nine months of fiscal 2024 [3]. - Attendance growth was resilient in Q2 but showed a decline of 3.4% in Q3, alongside a 6.3% drop in Admissions Per Cap [4]. Future Outlook - Despite recent challenges, the company remains optimistic about forward booking revenue trends into 2026, particularly supported by the Discovery Cove property and group business, both of which grew over 20% during the quarter [3]. Company Overview - United Parks & Resorts Inc. owns and operates several theme parks, including SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue [5].

Core Insights - United Parks & Resorts Inc. (NYSE:PRKS) is identified as a promising investment opportunity among small-cap stocks despite recent challenges [1][2] - Truist has reduced its price target for PRKS from $61 to $47 while maintaining a Buy rating, reflecting adjustments based on Q3 results [1] Financial Performance - For fiscal Q3 2025, PRKS reported attendance of 6.8 million guests, a decrease of approximately 240 thousand guests or 3.4% year-over-year [2] - Total revenue for Q3 2025 fell by $34.1 million or 6.2%, totaling $511.9 million [2] - Attendance for the first nine months of 2025 was 16.4 million guests, down by around 252 thousand guests or 1.5% compared to the same period in 2024 [3] - Total revenue for the first nine months decreased by $51.9 million or 3.9%, amounting to $1.289 billion [3] Operational Challenges - Management indicated that Q3 results were adversely impacted by poor weather during peak holiday season, an unfavorable calendar shift, suboptimal execution, and a decline in international visitation [4] - The consumer environment in the US is described as inconsistent, which is also reflected in other leisure and hospitality sectors [4] - Despite these challenges, the company anticipates improved performance moving forward [4] Company Overview - United Parks & Resorts Inc. operates a portfolio of theme parks, including SeaWorld, Busch Gardens, Aquatica, Discovery Cove, Sesame Place, and Sea Rescue [5]

Core 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].

Core Viewpoint - United Parks & Resorts Inc. reported its financial results for Q2 and the first half of fiscal year 2025, highlighting challenges due to adverse weather but showing resilience in attendance growth and future bookings [4][7][10]. Second Quarter 2025 Highlights - The company hosted approximately 6.2 million guests, generating total revenues of $490.2 million, net income of $80.1 million, and Adjusted EBITDA of $206.3 million [7][9]. - Attendance increased by approximately 48,000 guests or 0.8% compared to Q2 2024, attributed to a favorable calendar shift [7][8]. - Total revenue decreased by $7.4 million or 1.5% from Q2 2024, primarily due to a decrease in total revenue per capita [7][8]. - Net income decreased by $11.0 million or 12.1% from Q2 2024, and Adjusted EBITDA decreased by $11.9 million or 5.4% [7][9]. First Six Months 2025 Highlights - The company hosted approximately 9.6 million guests, generating total revenues of $777.2 million, net income of $64.0 million, and Adjusted EBITDA of $273.7 million [10][12]. - Attendance decreased by approximately 11,000 guests or 0.1% compared to the first six months of 2024, primarily due to adverse weather conditions [10][11]. - Total revenue decreased by $17.9 million or 2.2% from the first six months of 2024, with net income down by $15.9 million or 20.0% [10][12]. Other Highlights - The Board approved a new $500 million share repurchase program, pending approval from non-Hill Path shareholders [6][13]. - The company reported strong forward booking trends for group business and events, with expectations for significant attendance during upcoming seasonal events [5][6]. - The company aided 500 animals in need during Q2 2025, contributing to a total of over 42,000 animals helped historically [14][15].

Core Insights - United Parks & Resorts is hosting a national summer hiring event from May 5-9 to fill over 5,000 positions across its seven theme park brands [1][2] - The company is hiring for various roles including Lifeguards, Ride Operations, Food & Beverage, Retail, Guest Services, and more [2] - United Parks & Resorts emphasizes a positive work environment with perks such as free park admission, discounts, and exclusive events for employees [3] Company Overview - United Parks & Resorts Inc. operates a diverse portfolio of award-winning park brands including SeaWorld®, Busch Gardens®, and Discovery Cove, among others [5] - The company manages 13 parks across seven markets in the United States and Abu Dhabi, offering thrilling rides and educational wildlife experiences [5] - United Parks & Resorts is recognized for its commitment to animal welfare and has rescued over 41,000 animals in nearly 60 years of operation [5]