SeaWorld Entertainment Earnings: Here’s Why Investors are Selling Shares Now
SeaWorld Entertainment Inc (NYSE:SEAS) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 12.56%.
SeaWorld Entertainment Inc Earnings Cheat Sheet
Revenue: Decreased 0% to $411.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: SeaWorld Entertainment Inc reported adjusted EPS income of $0.41 per share. By that measure, the company missed the mean analyst estimate of $0.51. It missed the average revenue estimate of $434.5 million.
Quoting Management: “The Wildlife Docs is the perfect companion show to Sea Rescue,” said Jim Atchison, President and Chief Executive Officer for SeaWorld Parks & Entertainment. “We care for one of the world’s largest zoological populations and also help save animals in the wild, and these shows allow us to deliver these emotional stories in a powerful way. Whether our team members are rescuing a stranded dolphin on the beach or caring for a new baby zebra on Busch Gardens veldt, these extraordinary individuals are dedicated 24/7 to caring for animals.”
Key Stats (on next page)…