The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Cedar Fair's revenues will shrink -9.3% and EPS will remain in the red.
The average estimate for revenue is $131.4 million. On the bottom line, the average EPS estimate is -$0.03.
Last quarter, Cedar Fair booked revenue of $553.4 million. GAAP reported sales were 3.3% lower than the prior-year quarter's $572.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $2.64. GAAP EPS of $2.51 for Q3 were 8.1% lower than the prior-year quarter's $2.73 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 61.9%, 140 basis points worse than the prior-year quarter. Operating margin was 41.4%, 170 basis points worse than the prior-year quarter. Net margin was 25.4%, 120 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.07 billion. The average EPS estimate is $2.13.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 359 members out of 437 rating the stock outperform, and 78 members rating it underperform. Among 120 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 107 give Cedar Fair a green thumbs-up, and 13 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 $39.50.
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