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SeaWorld (SEAS) delivered earnings and revenue surprises of -9.13% and 2.32%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
SeaWorld Entertainment Inc. SEAS, -1.56% reported Wednesday third-quarter results that missed expectations, as record revenue per guest wasn't enough to offset attendance that came up below forecasts due in part to adverse weather. The theme park operator's stock was still inactive in premarket trading.
Another quarter of robust results has proven yet again that SeaWorld Entertainment is recovering nicely from the pandemic years. Attendance remains strong and spending at its parks is helping to push sales and profits up nicely, even though bottom line results have been weakened by higher costs.
Central Florida's theme parks could close if the latest windstorm to threaten Florida makes landfall later this week.
SEAS EPS of $1.62 beats expectations for the third consecutive quarter by $0.09. Q2 results show improved revenue and EBITDA, but a drop in net income YoY.
SeaWorld Entertainment, Inc. (NYSE:SEAS ) Q2 2022 Earnings Conference Call August 4, 2022 9:00 AM ET Company Participants Matthew Stroud - VP, IR Marc Swanson - CEO Michelle Adams - CFO & Treasurer Conference Call Participants Steven Wieczynski - Stifel, Nicolaus & Company Philip Cusick - JPMorgan Chase & Co. James Hardiman - Citigroup Eric Wold - B. Riley Securities Benjamin Chaiken - Crédit Suisse Michael Swartz - SunTrust Chris Woronka - Deutsche Bank Paul Golding - Macquarie Research Barton Crockett - Rosenblatt Securities Operator Good day, and welcome to the SeaWorld Entertainment, Inc. Q2 2022 Earnings Conference Call.
SeaWorld Entertainment Inc. SEAS, +1.60% posted better-than-expected earnings for the second quarter, but said COVID continued to weigh and the numbers do not yet represent a normalized environment as it works to improve execution. The company posted net income of $116.6 million, or $1.62 a share, for the quarter, down from $127.8 million, or $1.59 a share, in the year-earlier period.
ORLANDO, Fla. , July 12, 2022 /PRNewswire/ -- SeaWorld Entertainment, Inc. (NYSE: SEAS) announced today that it will release its second quarter financial results before the market opens on Thursday, August 4, 2022.
Theme park and entertainment company SeaWorld Entertainment (NYSE: SEAS) stock has sunk (-33%) for the year.
Disney World's top rival is boosting annual-pass prices again. That's bad news for consumers, but great news for the industry and its investors.