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United Parks & Resorts (PRKS)
NYSE:PRKS
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.63Last Year’s EPS
0.62Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: -8.97%
|Next Earnings Date:Aug 06, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there were notable achievements such as record in-park spending, a strong share buyback program, and positive 2025 demand indicators, these were tempered by significant negative impacts from weather events, decreased revenue, and increased operating expenses.Company Guidance
During the Q3 2024 earnings call for United Parks & Resorts, the executives provided several key metrics and guidance for the company's future. They reported a total revenue of $545.9 million for the quarter, a slight decrease of 0.4% compared to the prior year, primarily due to a 1.4% decrease in attendance, which was impacted by adverse weather conditions and a calendar shift. Adjusted EBITDA was $258.4 million, marking an $8 million decline year-over-year. Despite these challenges, total revenue per capita increased by 1.0%, driven by a 1.6% rise in in-park spending. The company repurchased 4.9 million shares, representing over 8% of its outstanding shares, and strengthened its liquidity with a $759 million available balance and a net total leverage ratio of 2.98x. Looking ahead, United Parks & Resorts plans to capitalize on strong indicators for 2025, with double-digit increases in intended date ticket sales, group bookings, and Discovery Cove bookings, and expects to implement $20 million in new cost-saving initiatives.Record In-Park Per Capita Spending
Achieved record in-park per capita spending for the 17th time in the last 18 quarters.
Share Buyback Program
Repurchased approximately 4.9 million shares or more than 8% of total outstanding shares, with a year-to-date total of approximately 9.4 million shares or approximately 15% of total outstanding shares.
Strong 2025 Demand Indicators
2025 intended date ticket sales, group bookings, and Discovery Cove bookings are all trending up double-digit percentages ahead of the prior year.
Mobile App Progress
App downloads increased from 10.7 million to over 12 million, with a 35% increase in average transaction value for food and beverage transactions made through the app.
Improved Balance Sheet
Increased the size of revolving credit facility to $700 million and decreased its cost, resulting in $759 million of total available liquidity.
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PRKS 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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PRKS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $56.85 | $55.02 | -3.22% |
| Aug 07, 2024 | $46.68 | $46.35 | -0.71% |
| May 08, 2024 | $49.16 | $51.62 | +5.00% |
| Feb 28, 2024 | $48.81 | $52.97 | +8.52% |
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 United Parks & Resorts (PRKS) report earnings?
United Parks & Resorts (PRKS) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is United Parks & Resorts (PRKS) earnings time?
United Parks & Resorts (PRKS) earnings time is at Feb 26, 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 PRKS EPS forecast?
PRKS EPS forecast for the fiscal quarter 2024 (Q4) is 0.63.
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