Six Flags Entertainment Beats on the Top Line

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Six Flags Entertainment (NYS: SIX) reported earnings yesterday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Six Flags Entertainment beat expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue increased and GAAP loss per share dropped.


Margins improved across the board.

Revenue details
Six Flags Entertainment reported revenue of $66.4 million. The three analysts polled by S&P Capital IQ anticipated revenue of $62.9 million on the same basis. GAAP reported sales were 8.2% higher than the prior-year quarter's $61.3 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$2.11. The two earnings estimates compiled by S&P Capital IQ predicted -$1.36 per share. GAAP EPS were -$2.11 for Q1 versus -$2.67 per share for the prior-year quarter.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was -27%, 800 basis points better than the prior-year quarter. Operating margin was -159.2%, 1,890 basis points better than the prior-year quarter. Net margin was -173.5%, 6,860 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $350.2 million. On the bottom line, the average EPS estimate is $0.36.

Next year's average estimate for revenue is $1.06 billion. The average EPS estimate is $0.58.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 28 members rating the stock outperform and nine members rating it underperform. Among nine CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven give Six Flags Entertainment a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Six Flags Entertainment is outperform, with an average price target of $54.44.

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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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