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Leisure Stocks Jul 28 Earnings Roster: LYV, BC, MCS, WMAR

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We are getting into the thick of the Q2 earnings season with 126 of the S&P 500 members (as of Jul 22) having reported their quarterly results. Though the earnings picture so far has been moderately encouraging, the overall scenario is far from being rosy.

Per our latest earnings preview article, total S&P 500 earnings are expected to be down 3.4% owing to 0.5% lower revenues for the quarter. Thus, the second quarter is likely to be the fifth consecutive quarter of earnings decline for the S&P 500 index.

Leisure Stocks in Focus

Turning our focus on leisure stocks, we note that the first quarter has been somewhat lackluster. This can be attributable to factors such as a strong dollar, challenges posed by new technology and a damaging international performance.

Leisure companies usually see an uptick during the spring and summer seasons and the performance of the stocks has been a mixed one so far this earnings season.

Among the leisure stocks that have reported, Pool Corp. (POOL - Free Report) and Polaris Industries Inc. (PII - Free Report) reported solid second-quarter 2016 results. In fact, Pool raised its 2016 earnings guidance.

On the other hand, ClubCorp Holdings, Inc. missed the Zacks Consensus Estimate for both earnings and revenues. Also, owner and operator of ski resorts in the U.S., Peak Resorts, Inc. missed the Zacks Consensus Estimate for earnings but beat the same for revenues.

A number of leisure companies are set to report their quarterly numbers on Jul 28. 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:

Live Nation Entertainment, Inc. (LYV - Free Report) is slated to report second-quarter 2016 results, after market close. In the last quarter, the company posted a positive earnings surprise of 6.45%. However, the trailing four-quarter average earnings surprise stands at a negative 9.53%.

LIVE NATION ENT Price and EPS Surprise

LIVE NATION ENT Price and EPS Surprise | LIVE NATION ENT Quote

For the second quarter, the company has an Earnings ESP of +71.43% and a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for the quarter’s earnings is pegged at 7 cents.

Various initiatives undertaken by the company are expected to boost ticket sales in the to-be-reported quarter, thereby translating into higher earnings (read more: Live Nation Likely to Beat Q2 Earnings: Stock to Gain?).

Brunswick Corporation (BC - Free Report) is scheduled to release second-quarter 2016 results, before the market opens.

Last quarter, the company reported in-line earnings. In fact, the company’s earnings outpaced/met the Zacks Consensus Estimate in all the past four quarters, with an average beat of 5.64%.

BRUNSWICK CORP Price and EPS Surprise

BRUNSWICK CORP Price and EPS Surprise | BRUNSWICK CORP Quote

The company has an Earnings ESP of +0.86% and a Zacks Rank #3. The Zacks Consensus Estimate for the quarter’s earnings is pegged at $1.17 per share.

The Marcus Corporation (MCS - Free Report) is slated to release second-quarter 2016 results, before the market opens.
 
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 29 cents.

MARCUS CORP Price and EPS Surprise

MARCUS CORP Price and EPS Surprise | MARCUS CORP Quote

West Marine Inc. is scheduled to post second-quarter 2016 financial numbers, after market close.

The company recorded a positive earnings surprise of 19.57% in the preceding quarter. In fact, the company posted positive earnings surprises in three of the past four quarters, with an average beat of 5.87%.

WEST MARINE INC Price and EPS Surprise

WEST MARINE INC Price and EPS Surprise | WEST MARINE INC Quote

The company has an Earnings ESP of 2.15% and a Zacks Rank #3. The Zacks Consensus Estimate for the quarter’s earnings is pegged at 93 cents per share.

Stay tuned! Check back on our full write-up on earnings releases of these stocks.

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