Six Flags Entertainment Increases Sales but Misses Estimates on Earnings
Six Flags Entertainment (NYS: SIX) reported earnings on Feb. 15. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Six Flags Entertainment beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP loss per share grew.
Margins improved across the board.
Six Flags Entertainment tallied revenue of $137.6 million. The four analysts polled by S&P Capital IQ hoped for a top line of $126.3 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $121.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$1.85. The three earnings estimates compiled by S&P Capital IQ predicted -$0.86 per share. GAAP EPS were -$1.85 for Q4 compared to -$1.70 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 42.2%, 470 basis points better than the prior-year quarter. Operating margin was -23.6%, 1,050 basis points better than the prior-year quarter. Net margin was -74.2%, 370 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $62.9 million. On the bottom line, the average EPS estimate is -$1.36.
Next year's average estimate for revenue is $1.05 billion. The average EPS estimate is $0.58.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 29 members out of 38 rating the stock outperform, and nine members rating it underperform. Among 11 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), seven give Six Flags Entertainment a green thumbs-up, and four 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 $43.17.
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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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