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Leisure Stocks Q2 Earnings to Watch on Aug 1: AMC, BDE, CKEC
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We are getting into the thick of the Q2 earnings season with 208 of the S&P 500 members (as of Jul 27) having released their quarterly results.
Though the overall scenario is bordering on the negative, the earnings picture so far has been moderately encouraging. This is because, actual results have turned out to be less dire compared to expectations, with growth pace showing modest improvement from the prior quarter’s level.
In fact, per our latest Earnings Trends report, 73.1% of the companies that have released their Q2 results have beaten earnings estimates while 51.9% have surpassed top-line expectations.
Leisure Stocks in Focus
Leisure companies usually see an uptick during the spring and summer seasons and the performance of the stocks has been mostly good so far this earnings season.
Among the leisure stocks that have reported, Live Nation Entertainment, Inc. (LYV - Free Report) , Pool Corp. (POOL - Free Report) and Polaris Industries Inc. (PII - Free Report) posted better-than-expected second-quarter 2016 results. Moreover, Pool raised its 2016 earnings guidance. Meanwhile, Brunswick Corporation (BC - Free Report) topped earnings estimates but narrowly missed on revenues.
However, ClubCorp Holdings, Inc. and West Marine Inc. missed the Zacks Consensus Estimate for both earnings and revenues.
A number of leisure companies are set to report their second-quarter results on Aug 1. 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:
AMC Entertainment Holdings, Inc. (AMC - Free Report) posted a positive earnings surprise of 28.57% in the last reported quarter. In fact, the company’s earnings surpassed the Zacks Consensus Estimate in two of the last four quarters, with an average beat of 0.60%
The company has an Earnings ESP of -13.79% and a Zacks Rank #5 (Strong Sell). The Zacks Consensus Estimate for the quarter’s earnings is pegged at 29 cents per share.
Being part of the entertainment industry, the company is exposed to macroeconomic fluctuations, which have been affecting results in the past few quarters. We do not expect any significant improvement in Q2 (read more: AMC Entertainment Q2 Earnings: What to Expect?).
Black Diamond, Inc. posted a negative earnings surprise of 125.00% last quarter. However, this maker of active outdoor performance equipment and apparel has surpassed earnings estimates in two of the last four quarters, with an average beat of 25.19%.
For the second quarter, the company has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for the quarter’s earnings is pegged at a penny per share.
Streamlining of manufacturing processes and overhead cost reduction is expected to drive bottom-line growth. However, negative currency translation and a tough retail environment might limit revenue growth (read more: What's in Store for Black Diamond in Q2 Earnings?).
In the last reported quarter, Carmike Cinemas Inc. posted a negative earnings surprise of 18.18%. However, this motion picture exhibitors’ trailing four-quarter average earnings surprise stands at 33.39%.
The company has an Earnings ESP of 0.00% and a Zacks Rank #5. The Zacks Consensus Estimate for the quarter’s earnings is pegged at 14 cents per share.
Stay tuned! Check back on our full write-up on earnings releases of these stocks.
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Leisure Stocks Q2 Earnings to Watch on Aug 1: AMC, BDE, CKEC
We are getting into the thick of the Q2 earnings season with 208 of the S&P 500 members (as of Jul 27) having released their quarterly results.
Though the overall scenario is bordering on the negative, the earnings picture so far has been moderately encouraging. This is because, actual results have turned out to be less dire compared to expectations, with growth pace showing modest improvement from the prior quarter’s level.
In fact, per our latest Earnings Trends report, 73.1% of the companies that have released their Q2 results have beaten earnings estimates while 51.9% have surpassed top-line expectations.
Leisure Stocks in Focus
Leisure companies usually see an uptick during the spring and summer seasons and the performance of the stocks has been mostly good so far this earnings season.
Among the leisure stocks that have reported, Live Nation Entertainment, Inc. (LYV - Free Report) , Pool Corp. (POOL - Free Report) and Polaris Industries Inc. (PII - Free Report) posted better-than-expected second-quarter 2016 results. Moreover, Pool raised its 2016 earnings guidance. Meanwhile, Brunswick Corporation (BC - Free Report) topped earnings estimates but narrowly missed on revenues.
However, ClubCorp Holdings, Inc. and West Marine Inc. missed the Zacks Consensus Estimate for both earnings and revenues.
A number of leisure companies are set to report their second-quarter results on Aug 1. 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:
AMC Entertainment Holdings, Inc. (AMC - Free Report) posted a positive earnings surprise of 28.57% in the last reported quarter. In fact, the company’s earnings surpassed the Zacks Consensus Estimate in two of the last four quarters, with an average beat of 0.60%
AMC ENTERTAINMT Price and EPS Surprise
AMC ENTERTAINMT Price and EPS Surprise | AMC ENTERTAINMT Quote
The company has an Earnings ESP of -13.79% and a Zacks Rank #5 (Strong Sell). The Zacks Consensus Estimate for the quarter’s earnings is pegged at 29 cents per share.
Being part of the entertainment industry, the company is exposed to macroeconomic fluctuations, which have been affecting results in the past few quarters. We do not expect any significant improvement in Q2 (read more: AMC Entertainment Q2 Earnings: What to Expect?).
Black Diamond, Inc. posted a negative earnings surprise of 125.00% last quarter. However, this maker of active outdoor performance equipment and apparel has surpassed earnings estimates in two of the last four quarters, with an average beat of 25.19%.
BLACK DIAMOND Price and EPS Surprise
BLACK DIAMOND Price and EPS Surprise | BLACK DIAMOND Quote
For the second quarter, the company has an Earnings ESP of 0.00% and a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for the quarter’s earnings is pegged at a penny per share.
Streamlining of manufacturing processes and overhead cost reduction is expected to drive bottom-line growth. However, negative currency translation and a tough retail environment might limit revenue growth (read more: What's in Store for Black Diamond in Q2 Earnings?).
In the last reported quarter, Carmike Cinemas Inc. posted a negative earnings surprise of 18.18%. However, this motion picture exhibitors’ trailing four-quarter average earnings surprise stands at 33.39%.
CARMIKE CINEMA Price and EPS Surprise
CARMIKE CINEMA Price and EPS Surprise | CARMIKE CINEMA Quote
The company has an Earnings ESP of 0.00% and a Zacks Rank #5. The Zacks Consensus Estimate for the quarter’s earnings is pegged at 14 cents per share.
Stay tuned! Check back on our full write-up on earnings releases of these stocks.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>