SeaWorld Entertainment, Inc. is a Florida-based theme park and entertainment company.
SeaWorld has been witnessing a decline in total revenue per capita mostly due to lower attendance. Negative publicity associated with captive whales and prolonged scrutiny of employee safety practices has hurt revenues in the recent past. Even promotional offerings have not been able to arrest the decline in traffic trends. Also, costs related to marketing and reputation campaigns continue to hurt profits.
Nevertheless, SeaWorld Entertainment is making every possible effort to regain customer confidence. The company continues to organize consumer events to drive attendance. Moreover, management is undertaking new initiatives to stabilize and deliver improved results in California, Texas and Florida markets. Capital investments in new rides and attractions, extended hours at SeaWorld Parks and more such strategies has been offsetting the negatives to some extent and attracting customers, thereby improving attendance.
Investors should note that the consensus estimate for SEAS has hardly witnessed any significant movement over the last 60 days. Meanwhile, SEAS’ has mostly negative record of earnings surprises in recent quarters. In fact, the company posted negative earnings surprise in three of the last four quarters, with an average miss of 9.85%. Revenues posted positive surprises in two of the trailing four quarters.
SEAS currently has a Zacks Rank #5 (Strong Sell) but that could change following SeaWorld’s earnings report which was just released.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Wider-Than-Expected Loss: SEAS reported fourth-quarter 2016 adjusted loss of 14 cents per share, wider than our consensus estimate of a loss of 13 cents per share.
Revenues: SEAS reported revenues of $267.6 million. This lagged our consensus estimate of $269 million.
Key Stats to Note: During the fourth-quarter 2016, Admissions revenues declined 2.8% while Food, merchandise and other revenues rose 4.4%.
Stock Price Impact: In-active in pre-market trading.
Check back later for our full write up on this SEAS earnings report!
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SeaWorld (SEAS) Q4 Loss Wider Than Expected, Sales Miss
SeaWorld Entertainment, Inc. is a Florida-based theme park and entertainment company.
SeaWorld has been witnessing a decline in total revenue per capita mostly due to lower attendance. Negative publicity associated with captive whales and prolonged scrutiny of employee safety practices has hurt revenues in the recent past. Even promotional offerings have not been able to arrest the decline in traffic trends. Also, costs related to marketing and reputation campaigns continue to hurt profits.
Nevertheless, SeaWorld Entertainment is making every possible effort to regain customer confidence. The company continues to organize consumer events to drive attendance. Moreover, management is undertaking new initiatives to stabilize and deliver improved results in California, Texas and Florida markets. Capital investments in new rides and attractions, extended hours at SeaWorld Parks and more such strategies has been offsetting the negatives to some extent and attracting customers, thereby improving attendance.
Investors should note that the consensus estimate for SEAS has hardly witnessed any significant movement over the last 60 days. Meanwhile, SEAS’ has mostly negative record of earnings surprises in recent quarters. In fact, the company posted negative earnings surprise in three of the last four quarters, with an average miss of 9.85%. Revenues posted positive surprises in two of the trailing four quarters.
SeaWorld Entertainment, Inc. Price and EPS Surprise
SeaWorld Entertainment, Inc. Price and EPS Surprise | SeaWorld Entertainment, Inc. Quote
SEAS currently has a Zacks Rank #5 (Strong Sell) but that could change following SeaWorld’s earnings report which was just released.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Wider-Than-Expected Loss: SEAS reported fourth-quarter 2016 adjusted loss of 14 cents per share, wider than our consensus estimate of a loss of 13 cents per share.
Revenues: SEAS reported revenues of $267.6 million. This lagged our consensus estimate of $269 million.
Key Stats to Note: During the fourth-quarter 2016, Admissions revenues declined 2.8% while Food, merchandise and other revenues rose 4.4%.
Stock Price Impact: In-active in pre-market trading.
Check back later for our full write up on this SEAS earnings report!
A Full-Blown Technological Breakthrough in the Making
Zacks’ Aggressive Growth Strategist Brian Bolan explores autonomous cars in our latest Special Report, Driverless Cars: Your Roadmap to Mega-Profits Today. In addition to who will be selling them and how the auto industry will be impacted, Brian reveals 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>