Six Flags Entertainment
The 10-second takeaway
For the quarter ended June 30 (Q2), Six Flags Entertainment missed slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. GAAP earnings per share shrank significantly.
Gross margins were steady, operating margins grew, net margins contracted.
Six Flags Entertainment logged revenue of $363.7 million. The seven analysts polled by S&P Capital IQ foresaw revenue of $370.0 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.47. The four earnings estimates compiled by S&P Capital IQ predicted $0.68 per share. GAAP EPS of $0.47 for Q2 were 25% lower than the prior-year quarter's $0.63 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%, much about the same as the prior-year quarter. Operating margin was 32.7%, 460 basis points better than the prior-year quarter. Net margin was 13.0%, 630 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $517.8 million. On the bottom line, the average EPS estimate is $2.01.
Next year's average estimate for revenue is $1.12 billion. The average EPS estimate is $1.66.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 46 members out of 65 rating the stock outperform, and 19 members rating it underperform. Among 18 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 14 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 $44.45.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Six Flags Entertainment. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." 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. The Motley Fool has no position in any of the stocks mentioned. 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.