Cedar Fair Lp: Here’s What Investors Need to Know Before Earnings

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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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Cedar Fair Lp has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
Cedar Fair Lp has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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