SeaWorld Entertainment, Inc. is a Florida-based theme park and entertainment company.
Generally, the fourth and the first quarters of each year are seasonally weaker quarters for SeaWorld. Meanwhile, the company is making every possible effort to regain customers’ confidence and boost attendance. It recently unveiled a robust lineup of products that include new rides and attractions. Meanwhile, SeaWorld is increasingly focusing on its marketing strategy to highlight brand attributes and new additions.
Also, it continues to organize consumer events to drive attendance. Extended hours at SeaWorld Parks, strategic season pass promotions and more such strategies are also expected to attract customers, thereby improving attendance.
However, the California, Texas and Florida markets continue to witness a fall in attendance. Even promotional offerings have not been able to arrest the decline in traffic trends. Also, SeaWorld’s total revenue per capita has been under pressure mostly due to lower attendance, especially from Latin American and UK visitors. Additionally, costs related to marketing and reputation campaigns as well as investments in new attractions might continue to hurt profits.
Investors should note that the consensus estimate prediction of loss for SEAS has been moving slightly narrower over the last 60 days. Moreover, SEAS has mostly a negative record of earnings surprises in recent quarters. The company posted negative earnings surprise in three of the last four quarters.
SEAS currently has a Zacks Rank #1 (Strong Buy) 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 stocks here.
We have highlighted some of the key statistics from this just-revealed announcement below:
Earnings: SEAS reported narrower-than-expected loss. The Zacks Consensus Estimate predicted loss of 76 cents, and the company reported loss of 73 cents per share.
Revenues: SEAS reported revenues of $217.2 million. This surpassed our consensus estimate of $197.7 million.
Key Stats to Note: In first-quarter 2018, attendance was up 14.9% year over year, total revenue per capita increased 1.4% from the prior-year quarter.
Stock Price Impact: In-active in pre-market trading.
SeaWorld Entertainment, Inc. Price, Consensus and EPS Surprise
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SeaWorld (SEAS) Beats on Q1 Earnings & Revenue Estimates
SeaWorld Entertainment, Inc. is a Florida-based theme park and entertainment company.
Generally, the fourth and the first quarters of each year are seasonally weaker quarters for SeaWorld. Meanwhile, the company is making every possible effort to regain customers’ confidence and boost attendance. It recently unveiled a robust lineup of products that include new rides and attractions. Meanwhile, SeaWorld is increasingly focusing on its marketing strategy to highlight brand attributes and new additions.
Also, it continues to organize consumer events to drive attendance. Extended hours at SeaWorld Parks, strategic season pass promotions and more such strategies are also expected to attract customers, thereby improving attendance.
However, the California, Texas and Florida markets continue to witness a fall in attendance. Even promotional offerings have not been able to arrest the decline in traffic trends. Also, SeaWorld’s total revenue per capita has been under pressure mostly due to lower attendance, especially from Latin American and UK visitors. Additionally, costs related to marketing and reputation campaigns as well as investments in new attractions might continue to hurt profits.
Investors should note that the consensus estimate prediction of loss for SEAS has been moving slightly narrower over the last 60 days. Moreover, SEAS has mostly a negative record of earnings surprises in recent quarters. The company posted negative earnings surprise in three of the last four quarters.
SEAS currently has a Zacks Rank #1 (Strong Buy) 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 stocks here.
We have highlighted some of the key statistics from this just-revealed announcement below:
Earnings: SEAS reported narrower-than-expected loss. The Zacks Consensus Estimate predicted loss of 76 cents, and the company reported loss of 73 cents per share.
Revenues: SEAS reported revenues of $217.2 million. This surpassed our consensus estimate of $197.7 million.
Key Stats to Note: In first-quarter 2018, attendance was up 14.9% year over year, total revenue per capita increased 1.4% from the prior-year quarter.
Stock Price Impact: In-active in pre-market trading.
SeaWorld Entertainment, Inc. Price, Consensus and EPS Surprise
SeaWorld Entertainment, Inc. Price, Consensus and EPS Surprise | SeaWorld Entertainment, Inc. Quote
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>