Six Flags Entertainment (NYSE: SIX ) reported earnings on July 22. Here are the numbers you need to know.
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.
Revenue details
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 details
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.
Margin details
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.)
Looking ahead
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.
Investor sentiment
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.
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