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Leisure Stocks Q4 Earnings Releases on Feb 9: ZNGA, RGC, PNK
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With the fourth quarter earnings season well under way, the widely diversified Consumer Discretionary sector has grabbed much of the attention.
According to the latest Earnings Preview, 45.7% of the Consumer Discretionary companies in the S&P 500 index have already reported their results as of Feb 3. The growth rate for earnings and revenues is 9.2% and 7.4%, respectively. Moreover, the beat ratio of 62.5% for both earnings and revenues is also noteworthy.
Leisure Stocks in Focus
Turning our focus on the leisure companies from the Consumer Discretionary sector, we note that their performance has been mixed so far this earnings season.
Among the leisure stocks that have already reported results, Royal Caribbean Cruises Ltd. (RCL - Free Report) and Brunswick Corporation (BC - Free Report) delivered mixed performance in the fourth quarter. While the companies surpassed earnings expectations, they missed the revenue estimates. However, Callaway Golf Company’s loss was wider than the consensus estimate and its revenues too missed the mark.
Three leisure stocks from the sector are set to report their fourth-quarter and full-year 2016 results on Feb 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:
Zynga Inc. recorded a negative earnings surprise of 50.00% in the last quarter. However, the trailing fourth-quarter average earnings surprise is a positive 10.00%.
Our proven model does not conclusively show that Zynga is likely to beat earnings this time. This is because, according to our quantitative model, a company needs the right combination of two key ingredients – a positive Earnings ESP and a Zacks Rank #3 (Hold) or better – to increase its odds of an earnings surprise. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The Zacks Consensus Estimate for the quarter’s bottom line is pegged at a loss of 3 cents.
Leading motion picture exhibitor, Regal Entertainment Group posted a positive earnings surprise of 11.54% in the last quarter. In fact, the company’s earnings surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average beat of 5.08%.
For the quarter, we expect Regal Entertainment Group to beat expectations as the company has an Earnings ESP of +3.85% and a Zacks Rank #3. Notably, the Zacks Consensus Estimate for the quarter’s earnings is pegged at 26 cents.
Pinnacle Entertainment, Inc. registered a massive 150.00% negative earnings surprise in the previous quarter. Furthermore, the trailing four-quarter average earnings surprise stands at a negative 272.96%.
Pinnacle Entertainment, Inc. Price and EPS Surprise
We note that Pinnacle Entertainment is unlikely to post a beat in the quarter due to the combination of its Zacks Rank #3 and Earnings ESP of 0.00%. The Zacks Consensus Estimate for the quarter’s bottom line is pegged at a loss of 12 cents.
Stay tuned! Check back on our full write-up on earnings releases of these stocks.
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Leisure Stocks Q4 Earnings Releases on Feb 9: ZNGA, RGC, PNK
With the fourth quarter earnings season well under way, the widely diversified Consumer Discretionary sector has grabbed much of the attention.
According to the latest Earnings Preview, 45.7% of the Consumer Discretionary companies in the S&P 500 index have already reported their results as of Feb 3. The growth rate for earnings and revenues is 9.2% and 7.4%, respectively. Moreover, the beat ratio of 62.5% for both earnings and revenues is also noteworthy.
Leisure Stocks in Focus
Turning our focus on the leisure companies from the Consumer Discretionary sector, we note that their performance has been mixed so far this earnings season.
Among the leisure stocks that have already reported results, Royal Caribbean Cruises Ltd. (RCL - Free Report) and Brunswick Corporation (BC - Free Report) delivered mixed performance in the fourth quarter. While the companies surpassed earnings expectations, they missed the revenue estimates. However, Callaway Golf Company’s loss was wider than the consensus estimate and its revenues too missed the mark.
Three leisure stocks from the sector are set to report their fourth-quarter and full-year 2016 results on Feb 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:
Zynga Inc. recorded a negative earnings surprise of 50.00% in the last quarter. However, the trailing fourth-quarter average earnings surprise is a positive 10.00%.
Zynga Inc. Price and EPS Surprise
Zynga Inc. Price and EPS Surprise | Zynga Inc. Quote
Our proven model does not conclusively show that Zynga is likely to beat earnings this time. This is because, according to our quantitative model, a company needs the right combination of two key ingredients – a positive Earnings ESP and a Zacks Rank #3 (Hold) or better – to increase its odds of an earnings surprise. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
For the fourth quarter of 2016, the company has an Earnings ESP of 0.00%, which makes surprise prediction difficult even though the company has a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for the quarter’s bottom line is pegged at a loss of 3 cents.
Leading motion picture exhibitor, Regal Entertainment Group posted a positive earnings surprise of 11.54% in the last quarter. In fact, the company’s earnings surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average beat of 5.08%.
Regal Entertainment Group Price and EPS Surprise
Regal Entertainment Group Price and EPS Surprise | Regal Entertainment Group Quote
For the quarter, we expect Regal Entertainment Group to beat expectations as the company has an Earnings ESP of +3.85% and a Zacks Rank #3. Notably, the Zacks Consensus Estimate for the quarter’s earnings is pegged at 26 cents.
Pinnacle Entertainment, Inc. registered a massive 150.00% negative earnings surprise in the previous quarter. Furthermore, the trailing four-quarter average earnings surprise stands at a negative 272.96%.
Pinnacle Entertainment, Inc. Price and EPS Surprise
Pinnacle Entertainment, Inc. Price and EPS Surprise | Pinnacle Entertainment, Inc. Quote
We note that Pinnacle Entertainment is unlikely to post a beat in the quarter due to the combination of its Zacks Rank #3 and Earnings ESP of 0.00%. The Zacks Consensus Estimate for the quarter’s bottom line is pegged at a loss of 12 cents.
Stay tuned! Check back on our full write-up on earnings releases of these stocks.
Just Released – Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>