Six Flags Entertainment (NYSE:SIX) Third Quarter 2022 Results
Key Financial Results
Revenue: US$504.8m (down 21% from 3Q 2021).
Net income: US$115.8m (down 26% from 3Q 2021).
Profit margin: 23% (down from 25% in 3Q 2021).
EPS: US$1.39 (down from US$1.83 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Six Flags Entertainment Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) also missed analyst estimates by 14%.
Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Hospitality industry in the US.
The company's shares are up 11% from a week ago.
You still need to take note of risks, for example - Six Flags Entertainment has 3 warning signs (and 2 which are potentially serious) we think you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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