Theme park operator United Parks & Resorts (NYSE:PRKS) will be reporting results this Thursday before market open. Here’s what to look for.
United Parks & Resorts missed analysts’ revenue expectations by 2.4% last quarter, reporting revenues of $286.9 million, down 3.5% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EPS estimates. It reported 3.39 million visitors, down 1.7% year on year.
Is United Parks & Resorts a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting United Parks & Resorts’s revenue to be flat year on year at $500.7 million, in line with its flat revenue from the same quarter last year. Adjusted earnings are expected to come in at $1.86 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. United Parks & Resorts has missed Wall Street’s revenue estimates five times over the last two years.
Looking at United Parks & Resorts’s peers in the consumer discretionary segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Hasbro’s revenues decreased 1.5% year on year, beating analysts’ expectations by 11.2%, and Rush Street Interactive reported revenues up 22.2%, topping estimates by 7.6%. Hasbro traded down 3.3% following the results while Rush Street Interactive was up 25.7%.
Read our full analysis of Hasbro’s results here and Rush Street Interactive’s results here.
Investors in the consumer discretionary segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. United Parks & Resorts is down 3.1% during the same time and is heading into earnings with an average analyst price target of $56.55 (compared to the current share price of $47.47).
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