SEAS Stock Recent News

ORLANDO, Fla. , Oct. 11, 2023 /PRNewswire/ -- SeaWorld Entertainment, Inc. (NYSE: SEAS) announced today that it will release its third quarter financial results before the market opens on Wednesday, November 8, 2023.

Disneyland Resort is launching a limited, special ticket offer for children aged 3 to 9, offering access to a Disneyland Resort park for just $50 a child per day.

SeaWorld Entertainment's shares have been negatively impacted by bad weather, causing a decline in revenue, profits, and cash flows. Despite the temporary setbacks, some metrics have held up relatively well, such as revenue and a marginal increase in total revenue per capita. The company's future performance is uncertain, but long-term investors may see an opportunity to buy a high-quality company at a discounted price.

SeaWorld has been sued by the city in which it operates San Diego over allegations it owes $12.2 million in unpaid rent, penalties and interest on its 200 acres of city-owned property. The lawsuit was announced on Thursday after the San Diego City Council in May voted in favor of suing SeaWorld if it did not pay its outstanding rent.

Over the weekend, intense rain and flooding stranded more than 70,000 people at Burning Man in the Nevada desert. It's the latest example of how extreme weather, exacerbated by climate change, impacted major North American attractions this summer.

The headline numbers for SeaWorld (SEAS) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

SeaWorld (SEAS) came out with quarterly earnings of $1.35 per share, missing the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $1.62 per share a year ago.

SeaWorld Entertainment Inc. -- the parent company behind SeaWorld, Busch Gardens and Sesame Place -- saw a decrease in foot traffic and revenue in Q2, which it attributed to "adverse weather."

ORLANDO, Fla., July 17, 2023 /PRNewswire/ -- SeaWorld Entertainment, Inc. (NYSE: SEAS) announced today that it will release its second quarter financial results before the market opens on Tuesday, August 8, 2023.

SeaWorld Entertainment has a pair of freebie promotions coming to an end on Friday, perhaps not so coincidentally at the end of the company's second quarter. Disney and Comcast have also stepped up their discounting activity in Central Florida.