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Six Flags (SIX) Surges: Why It Still Has Room to Run?
March 03, 2014
SIX RCL CCL
One company that should be on your radar is
Six Flags Entertainment Corporation ( SIX - Snapshot Report) . The stock of this General Entertainment company has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For SIX’s full year estimate, we have seen 3 estimates go higher in the past 30 days, compared to just 1 lower. This trend has helped the consensus estimate to trend higher, going from $1.27 a share a month ago to its current level at $1.39.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, SIX has seen some pretty solid trading lately, as the company has moved higher by 15.1% in the past month.
If Six Flags can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put SIX on your watch list for the future.
Other top-ranked stocks worth considering in this space include Royal Caribbean Cruises Ltd. ( RCL - Analyst Report) , Carnival Corporation ( CCL - Analyst Report) and SFX Entertainment Inc. . While Royal Caribbean holds a Zacks Rank # 1 (Strong Buy), Carnival and SFX carry a Zacks Rank #2 (Buy).
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