Six Flags Entertainment Corp. (NYSE:SIX) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Six Flags Entertainment Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-1.23 in the quarter versus EPS of $-2.11 in the year-earlier quarter.
Revenue: Rose 31.86% to $87.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Six Flags Entertainment Corp. reported adjusted EPS loss of $1.23 per share. By that measure, the company beat the mean analyst estimate of $-1.46. It beat the average revenue estimate of $68.2 million.
Quoting Management: “We delivered another record performance in attendance, revenue and cash flow thanks to strong execution by the entire Six Flags team,” said Jim Reid-Anderson, Chairman, President and CEO. “We will continue to delight our guests with enhanced offerings across all of our parks as we focus on achieving our aspirational target of $500 million of Modified EBITDA or nearly $6 of cash earnings per share by 2015.”
Key Stats (on next page)…