Theme park operator United Parks & Resorts (NYSE:PRKS) will be reporting results tomorrow morning. Here’s what to expect.
United Parks & Resorts missed analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $545.9 million, flat year on year. It was a slower quarter for the company, with a miss of analysts’ visitors and adjusted operating income estimates. It reported 7.03 million visitors, down 1.4% 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 decline 2.2% year on year to $380.4 million, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.71 per share.
Analysts covering the company have generally 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 four times over the last two years.
Looking at United Parks & Resorts’s peers in the leisure facilities segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Live Nation’s revenues decreased 2.4% year on year, beating analysts’ expectations by 1.4%, and Planet Fitness reported revenues up 19.4%, topping estimates by 4.9%. Live Nation traded down 1.9% following the results.
Read our full analysis of Live Nation’s results here and Planet Fitness’s results here.
Stocks generally had a good 2024. The Fed fought high inflation and won without sending the economy into a recession, otherwise lovingly known as a soft landing. The US Central Bank is now cutting rates. That, plus the election of Donald Trump in November 2024, sent markets even higher, and while some of the leisure facilities stocks have shown solid performance, the group has generally underperformed, with share prices down 3.3% on average over the last month. United Parks & Resorts is up 5.9% during the same time and is heading into earnings with an average analyst price target of $61.80 (compared to the current share price of $55.27).
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