Cedar Fair's Upcoming Earnings: What You Need To Know

Before you go, we thought you'd like these...
Before you go close icon

Cedar Fair (NYS: FUN) is expected to report Q3 earnings on Nov. 6. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Cedar Fair's revenues will decrease -4.1% and EPS will decrease -1.0%.

The average estimate for revenue is $548.9 million. On the bottom line, the average EPS estimate is $2.92.


Revenue details
Last quarter, Cedar Fair logged revenue of $357.6 million. GAAP reported sales were 26% higher than the prior-year quarter's $284.5 million.

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

EPS details
Last quarter, non-GAAP EPS came in at $0.77. GAAP EPS of $0.65 for Q2 were much higher than the prior-year quarter's $0.08 per share.

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

Recent performance
For the preceding quarter, gross margin was 50.0%, 350 basis points better than the prior-year quarter. Operating margin was 24.1%, 590 basis points better than the prior-year quarter. Net margin was 10.2%, 870 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $1.08 billion. The average EPS estimate is $2.27.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 354 members out of 433 rating the stock outperform, and 79 members rating it underperform. Among 123 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 108 give Cedar Fair a green thumbs-up, and 15 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cedar Fair is buy, with an average price target of $34.00.

Can your retirement portfolio provide you with enough income to last? You'll need more than Cedar Fair. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.

The article Cedar Fair's Upcoming Earnings: What You Need To Know originally appeared on Fool.com.

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. The Motley Fool has no positions in the stocks mentioned above. 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

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners