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Six Flags Entertainment Corporation (FUN)
:FUN
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 28, 2020
|% Change Since: 15.98%
|Next Earnings Date:Jul 29, 2020
Earnings Call Sentiment|Neutral
The earnings call highlighted strong performance in event-driven attendance and season pass sales, showcasing the company's ability to drive demand and pricing power. However, challenges such as extreme weather and revenue declines in legacy segments presented notable headwinds.Company Guidance
During the third quarter earnings call for Six Flags Entertainment Corporation, management outlined several key performance metrics and strategic initiatives. The company experienced an increase in operating days to 2,585, a significant rise from the previous year's 1,091 days, mainly due to the merger with Cedar Fair. Despite disruptions from extreme weather events, net revenues reached $1.35 billion, with attendance at 21 million visits. Legacy Six Flags operations contributed $558 million in net revenues and 9.2 million in attendance. In-park per capita spending was noted at $61.27, a 2% decrease, partly due to a higher mix of season pass visitation. Operating costs totaled $894 million, with efforts underway to achieve $120 million in merger-related cost synergies by the end of 2025. Adjusted EBITDA for the quarter stood at $558 million. The management also expressed confidence in achieving fourth quarter adjusted EBITDA between $205 million and $215 million. Looking ahead, strategic capital investments are planned, with $500 million to $525 million to be spent annually in both 2025 and 2026, aiming to optimize growth and improve guest experiences. The company targets annual unlevered pretax free cash flow of $800 million or more by 2027, with a focus on increasing attendance to over 55 million guests and expanding EBITDA margins to 35% or better.Strong Halloween Event Attendance
Over the past 5 weeks, the company entertained 6.5 million guests, marking a 20% increase compared to last year, driven by popular Halloween events.
Season Pass Sales Increase
Sales of 2025 season pass units were up 8%, with the average pass price increasing by 3%, indicating strong demand and pricing power.
Cost Synergies Progress
On track to achieve $50 million in run-rate cost synergies by the end of 2024, with a target of $120 million by the end of 2025.
Solid Balance Sheet
Liquidity at the end of Q3 totaled $743 million, with a strong focus on managing debt levels and reducing leverage.
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Six Flags Entertainment Corporation (FUN) Earnings, Revenues Date & History
FUN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FUN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 09, 2024 | $40.56 | $43.19 | +6.48% |
| Feb 29, 2024 | $39.39 | $40.21 | +2.08% |
| Nov 02, 2023 | $36.71 | $36.21 | -1.36% |
| Aug 10, 2023 | $37.64 | $37.48 | -0.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Six Flags Entertainment Corporation (FUN) report earnings?
Six Flags Entertainment Corporation (FUN) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Six Flags Entertainment Corporation (FUN) earnings time?
Six Flags Entertainment Corporation (FUN) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FUN EPS forecast?
Currently, no data Available
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