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Leisure Stocks' Q4 Earnings Due on Feb 22: NCLH, SIX, MYCC
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The fourth-quarter earning season is in its last leg, and the widely diversified Consumer Discretionary sector has grabbed much of the attention.
According to the latest Earnings Preview, 88.6% of the Consumer Discretionary companies in the S&P 500 index have reported their results as of Feb 17. The growth rates for earnings and revenues are 10.6% and 12.9%, respectively. Also, the beat ratios for this sector are noteworthy (77.4% for earnings and 61.3% for revenues).
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, Regal Entertainment Group posted robust results beating both top- and bottom-line expectations. Meanwhile, Royal Caribbean Cruises Ltd. (RCL - Free Report) and Brunswick Corporation (BC - Free Report) delivered mixed performance in the fourth quarter. Both the companies surpassed earnings expectations, but missed 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 22. 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:
Cruise line operator Norwegian Cruise Line Holdings Ltd. (NCLH - Free Report) recorded a positive earnings surprise of 1.89% in the last quarter. Nevertheless, the trailing four-quarter average earnings surprise is a negative 8.14%.
Norwegian Cruise Line Holdings Ltd. Price and EPS Surprise
Our proven model does not conclusively show that Norwegian Cruise Line 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 #1 (Strong Buy), #2 (Buy) or #3 (Hold) – to increase its odds of an earnings surprise.
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 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 56 cents. Slow economic growth, terror attacks and the Brexit referendum are expected to take a toll on Norwegian Cruise Line’s revenues. Nonetheless, strong Mediterranean booking trends along with capacity growth are expected to somewhat bolster the quarter’s results (read more: Will Norwegian Cruise Line Q4 Earnings Disappoint?).
Owner and operator of regional parks, Six Flags Entertainment Corporation (SIX - Free Report) , posted a negative earnings surprise of 33.13% in the last quarter. However, the trailing four-quarter average earnings is a positive 33.55%.
Six Flags Entertainment Corporation New Price and EPS Surprise
We note that Six Flags 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%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for the quarter’s earnings stands at a break-even.
ClubCorp Holdings, Inc. registered a 28.57% negative earnings surprise in the previous quarter. Also, the trailing four-quarter average earnings surprise is negative 56.01%.
For the quarter, the company has an Earnings ESP of 0.00% and a Zacks Rank #3, thereby making it difficult to conclusively predict a beat. Notably, the Zacks Consensus Estimate for the quarter’s bottom line is pegged at 15 cents.
Stay tuned! Check back on our full write-up on earnings releases of these stocks.
Where Do Zacks' Investment Ideas Come From?
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 ""Strong Buy"" stocks free of charge. There is no better place to start your own stock search. Plus you can access the full list of must-avoid Zacks Rank #5 ""Strong Sells"" and other private research. See the stocks free >>
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Leisure Stocks' Q4 Earnings Due on Feb 22: NCLH, SIX, MYCC
The fourth-quarter earning season is in its last leg, and the widely diversified Consumer Discretionary sector has grabbed much of the attention.
According to the latest Earnings Preview, 88.6% of the Consumer Discretionary companies in the S&P 500 index have reported their results as of Feb 17. The growth rates for earnings and revenues are 10.6% and 12.9%, respectively. Also, the beat ratios for this sector are noteworthy (77.4% for earnings and 61.3% for revenues).
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, Regal Entertainment Group posted robust results beating both top- and bottom-line expectations. Meanwhile, Royal Caribbean Cruises Ltd. (RCL - Free Report) and Brunswick Corporation (BC - Free Report) delivered mixed performance in the fourth quarter. Both the companies surpassed earnings expectations, but missed 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 22. 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:
Cruise line operator Norwegian Cruise Line Holdings Ltd. (NCLH - Free Report) recorded a positive earnings surprise of 1.89% in the last quarter. Nevertheless, the trailing four-quarter average earnings surprise is a negative 8.14%.
Norwegian Cruise Line Holdings Ltd. Price and EPS Surprise
Norwegian Cruise Line Holdings Ltd. Price and EPS Surprise | Norwegian Cruise Line Holdings Ltd. Quote
Our proven model does not conclusively show that Norwegian Cruise Line 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 #1 (Strong Buy), #2 (Buy) or #3 (Hold) – to increase its odds of an earnings surprise.
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 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 56 cents. Slow economic growth, terror attacks and the Brexit referendum are expected to take a toll on Norwegian Cruise Line’s revenues. Nonetheless, strong Mediterranean booking trends along with capacity growth are expected to somewhat bolster the quarter’s results (read more: Will Norwegian Cruise Line Q4 Earnings Disappoint?).
Owner and operator of regional parks, Six Flags Entertainment Corporation (SIX - Free Report) , posted a negative earnings surprise of 33.13% in the last quarter. However, the trailing four-quarter average earnings is a positive 33.55%.
Six Flags Entertainment Corporation New Price and EPS Surprise
Six Flags Entertainment Corporation New Price and EPS Surprise | Six Flags Entertainment Corporation New Quote
We note that Six Flags 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%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for the quarter’s earnings stands at a break-even.
ClubCorp Holdings, Inc. registered a 28.57% negative earnings surprise in the previous quarter. Also, the trailing four-quarter average earnings surprise is negative 56.01%.
ClubCorp Holdings, Inc. Price and EPS Surprise
ClubCorp Holdings, Inc. Price and EPS Surprise | ClubCorp Holdings, Inc. Quote
For the quarter, the company has an Earnings ESP of 0.00% and a Zacks Rank #3, thereby making it difficult to conclusively predict a beat. Notably, the Zacks Consensus Estimate for the quarter’s bottom line is pegged at 15 cents.
Stay tuned! Check back on our full write-up on earnings releases of these stocks.
Where Do Zacks' Investment Ideas Come From?
You are welcome to download the full, up-to-the-minute list of 220 Zacks Rank #1 ""Strong Buy"" stocks free of charge. There is no better place to start your own stock search. Plus you can access the full list of must-avoid Zacks Rank #5 ""Strong Sells"" and other private research. See the stocks free >>