Six Flags Entertainment Corporation New (NYSE:SIX) is reporting third quarter financial results on Wednesday 28th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, SIX is expected to report 3Q20 loss of $ 1 per share from revenue of $ 142.73 million.
For the full year, analysts anticipate top line of $ 367.44 million, while looking forward to loss of $ 4.41 per share bottom line.
Previous Quarter Performance
Six Flags Entertainment Corporation New communicated loss for the second quarter of $ 1.62 per share, from the revenue of $ 19.14 million. Wall street analysts are predicting, SIX to report 2Q20 loss of $ 1.01 per share from revenue of $ 50.56 million. The bottom line results missed street analysts by $ 0.61 or 60.4 percent, at the same time, top line results fell short of analysts by $ 31.42 million or 62.14 percent.
Stock Performance
Shares of Six Flags Entertainment Corporation New traded low $ -0.22 or -1.01 percent on Tuesday, reaching $ 21.66 with volume of 1.39 million shares. Six Flags Entertainment Corporation New has traded high as $ 21.96 and has cracked $ 21.27 on the downward trend
According to the previous trading day, closing price of $ 21.66, representing a 150.06 % increase from the 52 week low of $ 8.75 and a 53.31 % decrease over the 52 week high of $ 46.86.
The company has a market capital of $ 1.84 billion and is part of the Consumer Cyclical sector and Leisure industry.
Recent Analyst recommendations
- On 2nd October 2020, upgraded by Goldman Sachs Group to Neutral from Sell rating.
Conference Call
Six Flags Entertainment Corporation New will be hosting a conference call at 8:00 AM eastern time on 28th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sixflags.com
Six Flags Entertainment Corporation owns and operates regional theme and water parks under the Six Flags name. The companys parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. It owns and operates 25 parks, including 22 parks in the United States; 2 parks in Mexico; and 1 park in Montreal, Canada.
