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Leisure Stocks' Q2 Earnings on Aug 9: NCLH, CNK and PNK
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As the Q2 earnings season draws to a close, let’s take a look at how the widely diversified Consumer Discretionary sector has fared so far.
Notably, per our latest earnings preview article, as of Aug 5, 77.1% of the Consumer Discretionary companies in the S&P 500 index have reported their results. Growth rate for both earnings and revenues is in the positive territory – 5.8% and 3.1%, respectively. Moreover, the beat ratios for this sector have been noteworthy (88.9% for earnings and 44.4% for revenues).
Leisure Stocks in Focus
Leisure companies usually see an uptick in sales during the spring and summer seasons. However, the performance of the stocks has been a mixed one so far this earnings season.
Among the leisure stocks that have reported, Live Nation Entertainment, Inc. (LYV - Free Report) , Pool Corp. (POOL - Free Report) and Polaris Industries Inc. (PII - Free Report) posted better-than-expected second-quarter 2016 results.
However, AMC Entertainment Holdings, Inc. (AMC - Free Report) and SeaWorld Entertainment, Inc. missed the Zacks Consensus Estimate for both earnings and revenues.
On the other hand, MGM Resorts International (MGM - Free Report) posted mixed results as it beat the Zacks Consensus Estimate for earnings but lagged the same for revenues.
A few leisure companies are set to report their second-quarter results on Aug 9. Will these companies manage to put up a decent performance? Let’s take a look at what might be in store for them this quarter:
Norwegian Cruise Line Holdings Ltd. (NCLH - Free Report) posted a negative earnings surprise of 18.42% in the last quarter. In fact, the company’s earnings lagged the Zacks Consensus Estimate in all the last four quarters, with an average miss of 8.55%.
The company has an Earnings ESP of -3.61% and a Zacks Rank #4 (Sell). The Zacks Consensus Estimate for the quarter’s earnings is pegged at 83 cents per share.
Cinemark Holdings, Inc. (CNK - Free Report) posted a positive earnings surprise of 18.75% last quarter. In fact, the company’s earnings surpassed the Zacks Consensus Estimate in two of the past four quarters, with an average beat of 4.14%.
The company has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for the quarter’s bottom line is pegged at 51 cents per share.
Continual opening and renovating of theatres with state-of-the-art amenities is expected to boost top-and bottom line performances. However, increased competitive threat from alternative movie streaming services might somewhat hurt results (read more: Cinemark Holdings Q2 Earnings: What's in the Cards?).
In the last reported quarter, Pinnacle Entertainment, Inc posted positive earnings surprise of 45.61%. In fact, the company’s earnings surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average beat of 9.26%.
The company has an Earnings ESP of 0.00% and a Zacks Rank #3 The Zacks Consensus Estimate for the quarter’s earnings is pegged at 30 cents per share.
Stay tuned! Check back on our full write-up on earnings releases of these stocks.
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Leisure Stocks' Q2 Earnings on Aug 9: NCLH, CNK and PNK
As the Q2 earnings season draws to a close, let’s take a look at how the widely diversified Consumer Discretionary sector has fared so far.
Notably, per our latest earnings preview article, as of Aug 5, 77.1% of the Consumer Discretionary companies in the S&P 500 index have reported their results. Growth rate for both earnings and revenues is in the positive territory – 5.8% and 3.1%, respectively. Moreover, the beat ratios for this sector have been noteworthy (88.9% for earnings and 44.4% for revenues).
Leisure Stocks in Focus
Leisure companies usually see an uptick in sales during the spring and summer seasons. However, the performance of the stocks has been a mixed one so far this earnings season.
Among the leisure stocks that have reported, Live Nation Entertainment, Inc. (LYV - Free Report) , Pool Corp. (POOL - Free Report) and Polaris Industries Inc. (PII - Free Report) posted better-than-expected second-quarter 2016 results.
However, AMC Entertainment Holdings, Inc. (AMC - Free Report) and SeaWorld Entertainment, Inc. missed the Zacks Consensus Estimate for both earnings and revenues.
On the other hand, MGM Resorts International (MGM - Free Report) posted mixed results as it beat the Zacks Consensus Estimate for earnings but lagged the same for revenues.
A few leisure companies are set to report their second-quarter results on Aug 9. Will these companies manage to put up a decent performance? Let’s take a look at what might be in store for them this quarter:
Norwegian Cruise Line Holdings Ltd. (NCLH - Free Report) posted a negative earnings surprise of 18.42% in the last quarter. In fact, the company’s earnings lagged the Zacks Consensus Estimate in all the last four quarters, with an average miss of 8.55%.
NORWEGIAN CRUIS Price and EPS Surprise
NORWEGIAN CRUIS Price and EPS Surprise | NORWEGIAN CRUIS Quote
The company has an Earnings ESP of -3.61% and a Zacks Rank #4 (Sell). The Zacks Consensus Estimate for the quarter’s earnings is pegged at 83 cents per share.
We expect slow economic growth, terror attacks and the Brexit referendum to take a toll on Norwegian Cruise Line’s Q2 revenues (read more: Norwegian Cruise Line Q2 Earnings: What's in Store?).
Cinemark Holdings, Inc. (CNK - Free Report) posted a positive earnings surprise of 18.75% last quarter. In fact, the company’s earnings surpassed the Zacks Consensus Estimate in two of the past four quarters, with an average beat of 4.14%.
CINEMARK HLDGS Price and EPS Surprise
CINEMARK HLDGS Price and EPS Surprise | CINEMARK HLDGS Quote
The company has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for the quarter’s bottom line is pegged at 51 cents per share.
Continual opening and renovating of theatres with state-of-the-art amenities is expected to boost top-and bottom line performances. However, increased competitive threat from alternative movie streaming services might somewhat hurt results (read more: Cinemark Holdings Q2 Earnings: What's in the Cards?).
In the last reported quarter, Pinnacle Entertainment, Inc posted positive earnings surprise of 45.61%. In fact, the company’s earnings surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average beat of 9.26%.
PINNACLE ENTRTN Price and EPS Surprise
PINNACLE ENTRTN Price and EPS Surprise | PINNACLE ENTRTN Quote
The company has an Earnings ESP of 0.00% and a Zacks Rank #3 The Zacks Consensus Estimate for the quarter’s earnings is pegged at 30 cents per share.
Stay tuned! Check back on our full write-up on earnings releases of these stocks.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>