Six Flags Entertainment Corporation (NYSE:SIX) is projected to declare fiscal fourth quarter financial results right before the stock market’s official open on February 22, 2017. The stock added about 19.2 percent in price since last results when it was at $50.69 a share. Based on the most relevant past-periods data, there is an 53.85 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 14 times out of last 26 reported quarters. It has beaten earnings-per-share estimates 33% of the time in its last 12 earnings reports. It fell short of earnings estimates on 6 occasions, and it has met expectations 2 times.
Here’s how traders responded to SIX earnings announcements over the past few quarters.
Six Flags Entertainment Corporation (SIX) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 33.55 percent over the past four quarters. Back on October 26, 2016, it posted earnings per-share earnings at $1.09 which missed the consensus $1.63 projection (negative surprise of-33.13%). For the quarter, revenue came in at 557.6M versus consensus estimate of 586.44M. The stock gained 5.15 percent the session following the earnings reports were released, and on 7th day price change was 8.13 percent.
On July 27, 2016, it reported earnings at $0.65 a share compared with the consensus estimate of $0.67 per share (negative surprise of -2.99%). Revenue of 407.07M for that quarter was above the $406.42M analysts had expected. The stock retreated -4.66% the day following the earnings announcement, and on 7th day price change was -8.4%.
On April 27, 2016, it recorded $-0.51 a share in earnings which topped the consensus estimate of $-0.64 (positive surprise of 20.31%). Revenue for the quarter was $115.42M while analysts called for revenues to be $96.52M. The stock gained 4.56% the day following the earnings data was made public, and on 7th day price change was 0.25%.
On February 18, 2016, it announced earnings per share at $0.02 versus the consensus estimate of $-0.04 per share (positive surprise of 150%). That came on revenues of $575.26M for that period. Analysts had expected $558.49M in revenue.
Six Flags Entertainment Corporation Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $-0.6. The analysts’ present consensus range is $-0.68-$-0.55 for EPS. The market consensus range for revenue is between $110.99M and $124.4M, with an average of $117.93M.
Six Flags Entertainment Corporation (NYSE:SIX) last ended at $60.68, sending the company’s market cap near $5.59B. The share price has declined -0.78% from its top level in 52 weeks and dropped 1.2% this year. It recently traded in a range of $60.34-$61.31 at a volume of 705178 shares. The recent trading ended with the price nearly 1.03 higher for the last 5 trading days, rebounding 40.34% from its 52-week low.