Six Flags Entertainment Crushes Earnings Estimates
Six Flags Entertainment (NYS: SIX) reported earnings on Oct. 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Six Flags Entertainment missed estimates on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share grew significantly.
Margins grew across the board.
Six Flags Entertainment chalked up revenue of $485.1 million. The three analysts polled by S&P Capital IQ predicted a top line of $513.4 million on the same basis. GAAP reported sales were 2.0% higher than the prior-year quarter's $475.6 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 $4.46. The two earnings estimates compiled by S&P Capital IQ averaged $2.88 per share. GAAP EPS of $4.46 for Q3 were 30% higher than the prior-year quarter's $3.43 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 65.5%, 20 basis points better than the prior-year quarter. Operating margin was 47.1%, 80 basis points better than the prior-year quarter. Net margin was 52.2%, 1,160 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $138.7 million. On the bottom line, the average EPS estimate is -$0.42.
Next year's average estimate for revenue is $1.10 billion. The average EPS estimate is $1.70.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 30 members out of 45 rating the stock outperform, and 15 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 $66.00.
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The article Six Flags Entertainment Crushes Earnings Estimates 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.
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