Cedar Fair, L.P. (FUN - Free Report) reported $842.01 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 0.1%. EPS of $4.21 for the same period compares to $3.73 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $821.16 million, representing a surprise of +2.54%. The company delivered an EPS surprise of +13.78%, with the consensus EPS estimate being $3.70.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Cedar Fair, L.P. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Attendance: 12,433 thousand compared to the 11,972.41 thousand average estimate based on three analysts.
- In-park per capita spending: $61.65 compared to the $64.11 average estimate based on two analysts.
- Net revenues- Admissions: $417.92 million compared to the $421.53 million average estimate based on four analysts. The reported number represents a change of -1.8% year over year.
- Net revenues- Accommodations, extra-charge products and other: $142.54 million versus $146.35 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.4% change.
- Net revenues- Food, merchandise and games: $281.55 million versus the four-analyst average estimate of $274.45 million. The reported number represents a year-over-year change of +3.2%.
View all Key Company Metrics for Cedar Fair, L.P. here>>>Shares of Cedar Fair, L.P. have returned +2.1% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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Cedar Fair, L.P. (FUN - Free Report) reported $842.01 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 0.1%. EPS of $4.21 for the same period compares to $3.73 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $821.16 million, representing a surprise of +2.54%. The company delivered an EPS surprise of +13.78%, with the consensus EPS estimate being $3.70.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Cedar Fair, L.P. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Attendance: 12,433 thousand compared to the 11,972.41 thousand average estimate based on three analysts.
- In-park per capita spending: $61.65 compared to the $64.11 average estimate based on two analysts.
- Net revenues- Admissions: $417.92 million compared to the $421.53 million average estimate based on four analysts. The reported number represents a change of -1.8% year over year.
- Net revenues- Accommodations, extra-charge products and other: $142.54 million versus $146.35 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -1.4% change.
- Net revenues- Food, merchandise and games: $281.55 million versus the four-analyst average estimate of $274.45 million. The reported number represents a year-over-year change of +3.2%.
View all Key Company Metrics for Cedar Fair, L.P. here>>>Shares of Cedar Fair, L.P. have returned +2.1% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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