Cedar Fair Lp: Here’s What Investors Need to Know Before Earnings
Cedar Fair Lp (NYSE:FUN) will report earnings before markets open on Wednesday, May 8th. Cedar Fair, L.P. owns and operates amusement parks. The Company’s parks operate under the Cedar Point, Knott’s Berry Farm, Dorney Park & Wildwater Kingdom, Valleyfair, and Worlds of Fun and Oceans of Fun names. Cedar Fair’s parks are family-oriented theme parks that are located in various areas of the United States.
Here is your Cheat Sheet to Cedar Fair Lp Earnings:
Earnings Expectations: Analysts expect earnings of $-1.20 per share on revenues of $29.97 million. Currently, the company’s P/E ratio stands at 23.20.
Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.64 to a profit $0.82. For the current year, the average estimate is a profit of $2.36, which is better than the estimate ninety days ago.
Here’s how Cedar Fair Lp has been performing on an annual basis:
|Revenue ($) in millions||996.23||916.08||977.59||1,028||1,068|
|Diluted EPS ($)||0.10||0.63||-0.60||1.27||1.81|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||144.84||28.20||357.61||553.44||129.20|
|Diluted EPS ($)||1.248||-1.18||0.65||2.51||1.621|
Cedar Fair Lp has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)