FUN Earnings Prediction
The chart below shows how FUN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FUN sees a -2.13% change in stock price 10 days leading up to the earnings, and a +0.79% change 10 days following the report. On the earnings day itself, the stock moves by +1.34%. This data can give you a slight idea of what to expect for the next quarter's release.
FUN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.35B
60.14%
135.89%
Gross Margin
81.13%
-3.24%
0.52%
Operating Margin
29.65%
-19.21%
32.31%
Net Margin
10.05%
-60.73%
3.40%
EPS
1.10
-73.87%
1.85%
No Data Available
FUN Earnings Analysis
Cedar Fair, L.P. Corporation (FUN.N) Earnings Conference Call
Positive
Attendance Surge: 1. Record Attendance Growth: Over the past 5 weeks, Six Flags entertained 6.5 million guests, marking a 20% increase or over 1 million additional visits compared to the same period last year.
Season Pass Sales Surge: 2. Strong Season Pass Sales: Sales of 2025 season pass units increased by 8%, with the average pass price rising by 3%, indicating robust early demand for the upcoming season.
Strong Revenue Generation: 3. Solid Financial Performance: The company generated net revenues of $1.35 billion in Q3 2024, supported by attendance of 21 million visits, showcasing strong consumer demand.
Cost Synergy Achievement: 4. Cost Synergy Progress: Six Flags is on track to achieve $50 million in run-rate cost synergies by the end of 2024, contributing to improved operational efficiency post-merger.
Strong Liquidity Position: 5. Healthy Cash Position: As of September 29, 2024, Six Flags had $90 million in cash and cash equivalents, with total liquidity of $743 million, providing financial flexibility for future investments.
Negative
Attendance Decline Analysis: 1. Decreased Attendance: Legacy Cedar Fair parks experienced a decline of 660,000 visits compared to the previous year, with 460,000 of those attributed to a fiscal calendar shift and 200,000 due to extreme weather disruptions.
Decreased In-Park Spending: 2. Lower In-Park Spending: In-park per capita spending decreased by 2% compared to the previous year, primarily due to a planned decrease in average season pass pricing and a higher mix of season pass visitation.
Rising Operating Expenses: 3. Increased Operating Costs: Operating costs and expenses totaled $894 million for the third quarter, which included $368 million from legacy Six Flags operations, indicating significant financial strain post-merger.
Weather-Related Revenue Decline: 4. Negative Impact from Weather: Attendance and revenues at legacy Cedar Fair parks were negatively impacted by extreme weather events, resulting in a $15 million decrease in adjusted EBITDA due to these disruptions.
Debt Management Concerns: 5. High Debt Levels: The company reported approximately $4.8 billion in gross debt, raising concerns about financial stability and the ability to manage cash flow effectively amidst ongoing capital expenditures.
FUN FAQs
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FUN Earning Call Sentiment
Six Flags Entertainment Corporation (FUN) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FUN.N
3.22%Positive
The earnings call summary shows mixed signals: while revenue increased, attendance and in-park spending decreased, and there are significant cash and debt challenges. The Q&A reveals management's optimism about long-term growth but acknowledges high investment needs and a lack of specific guidance, which may concern investors. The market cap suggests moderate volatility. Overall, positive long-term growth outlooks and strategic plans are balanced by current financial challenges and uncertainties, leading to a neutral sentiment.