Six Flags Entertainment
The 10-second takeaway
For the quarter ended June 30 (Q2), Six Flags Entertainment beat expectations on revenue and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share improved significantly.
Margins expanded across the board.
Six Flags Entertainment reported revenue of $374.9 million. The four analysts polled by S&P Capital IQ expected sales of $351.7 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $338.7 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 $1.27. The three earnings estimates compiled by S&P Capital IQ anticipated $0.62 per share. GAAP EPS of $1.34 for Q2 were 116% higher than the prior-year quarter's $0.62 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 57.8%, 140 basis points better than the prior-year quarter. Operating margin was 28.1%, 590 basis points better than the prior-year quarter. Net margin was 19.3%, 900 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $507.1 million. On the bottom line, the average EPS estimate is $2.79.
Next year's average estimate for revenue is $1.06 billion. The average EPS estimate is $1.16.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 29 members out of 43 rating the stock outperform, and 14 members rating it underperform. Among 11 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), eight give Six Flags Entertainment a green thumbs-up, and three 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 $56.94.
Can your retirement portfolio provide you with enough income to last? You'll need more than Six Flags Entertainment. 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.
- Add Six Flags Entertainment to My Watchlist.
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 of Motley 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.