-=Six Flags (SIX) reported earnings on Tue 23 Oct 2018 (a/h)

Reports Q3 (Sep) earnings of $2.16 per share, $0.16 worse than the S&P Capital IQ Consensus of $2.32; revenues rose 6.8% year/year to $620 mln vs the $635.45 mln S&P Capital IQ Consensus.

• Six Flags Falls After Late-Night Release Can't Hide Weak Earnings

(Bloomberg) -- It’s usually not a good sign when financial results come at 11:00 p.m., says Stifel analyst Steven Wieczynski.

He’s referring to Six Flags Entertainment Corp. The amusement-park operator released its disappointing third-quarter results an hour before midnight versus last quarter’s 6:00 a.m. release, 4:35 p.m. the quarter before that, and 7:00 a.m. in the 3Q and 4Q of 2017.

Wieczynski expected the stock to open “significantly lower,” according to a pre-open research note, pointing out that the softer-than-expected quarter was driven by attendance levels below expectations and higher operating costs. He was right. The shares fell as much as 10 percent, their biggest intraday drop in exactly six years. Six Flags is now trading at the lowest in 13 months.

Attendance growth of 5 percent year-over-year was 3 percent below Stifel’s estimate. And with management not commenting on organic attendance growth last quarter, Wieczynski thinks these results "will continue to bring concerns into play around what attendance looks like without acquisitions."

In addition, park-level results will bring into light "some investors’ concerns over the health of the core regional theme park consumer that has materialized over the past couple of months."

Another area of concern is the fact that management didn’t comment on its path “toward achieving its aspirational goal of $750 million in modified Ebitda by 2020.” And lastly, the 8 percent increase in deferred revenue may disappoint some investors.

“While we are clearly disappointed in these results, we don’t want to jump to conclusions and panic without hearing from management and getting some answers to outstanding questions we have,” Wieczynski says.

Six Flags is rated buy at Stifel, with a price target of $78. The company has a total of 7 buys, 3 holds, and 1 sell, with an average 12-month price target of $73, based on 10 estimates, according to Bloomberg data. Shares of amusement-park operator peers including Cedar Fair LP and SeaWorld Entertainment Inc. are also lower. Cedar Fair reports quarterly results Oct. 30, followed by SeaWorld on Nov. 5

Earnings this week : Oct 22 - 26, 18 (wk 43)

With 17% of the S&P 500 having reported quarterly results, reported earnings are up 22%; 81% have beat on the bottom line but only 51% have traded higher in response.

This week marks the first of three very heavy weeks of earnings reports -- almost 1/3 of the S&P 500 will report quarterly results.

Monday (October 22):

• Pre-Market: HAL, HAS, IQV, KMB, LII, PII
• After-Hours: ACC AMTD BRO CDNS CR ELS HLX HMST HNI HSTM HXL IBTX LOGI MC NBTB RNST SFNC SLM SPN SSB ZION

Tuesday (October 23):

• Pre-Market: ABG ALKS ARCH ASTE  ATI AVY AXE BIIB  CAT CIT CNC DGX EDU FBC FCB FITB FNB GATX GLW GPK HBAN HOG HUBB JBLU LMT LPT MBFI MCD MMM NEE PCAR  PHM PNR PPBI RF SLCA SNV TRU UTX VZ WAT XRX
• After-Hours:  AGR AMP BXMT CB CHFC CNI COF CSGP CSL EQR EW FCF FMBI HA HIW IEX ILMN IRBT JNPR LRN MANH MKSI NAVI NBHC NDLS NTB NWE RHI ROIC RRC SEIC SIX STL TER TRMK TSS TXN UCBI UMBF USNA VAR VMI WRB ZIXI

Wednesday (October 24):

• Pre-Market: AB ALXN APH AVX BA BABY BCO BKU BOKF BPOP BSX CHKP CRS DTE EVR FCX FSV GD GRA HLT IR ITW LAD LH MHO MKTX NDAQ NOC NSC NYCB OC PB POL QSR RES ROL SCHN SCL SIRI SLAB SLGN SMPL STM T TDY THR TMO TNC TPH TRVG TUP TZOO UMC UPS
• After-Hours:  ABX AEM AFL AGNC AHL AKR ALGN ALGT AMD ANIK ARI ASGN AX AXS AZPN CCMP CLB CLGX CLS CMRE CTXS CURO  CUZ CVBF CVRR DLB DRE ECHO EFX EIG ELY EQC ETH F FARO FFIV FNF FR FTI FWRD GG GGG GHL ICLR KN KRA KRC LJPC LM LSTR LVS MEOH MLNX MSA MSFT MTH NEU NGD NGVT NOW OII ORLY PKG PLXS PS PTC RJF SAVE SITC SNBR SRPT SUI TILE TMK TRN TSLA UNM V VRTX WHR WPG WRI WSBC XLNX  (largest:  Ford Motor (F), Microsoft (MSFT), Visa (V), Advanced Micro (AMD) and Tesla (TSLA) )

Thursday (October 25):

• Pre-Market: AAL AAN ABB AEP AIMC ALK ALLE ALLY ARD ASPS AXTA BANC BC BEN BMS BMY BUD BWA CCE CELG CFR CFX CMC CMCSA CME CMS COLB COP COR COWN CPG CRI CRR CSTM CTS DLX DNKN EIGI EME ENTG EQM EQT FAF FBP FCFS FCN GLOP GPI GRUB GWB HEES HSY IMAX IP IRDM IRM KIM KKR LANC LAZ LDOS LEA LECO LKQ LUV MCK MCRN MMC MMYT MNRO MO MRK MTRN NEM NLSN NOK NRZ NVCR NVT OAK OCN ODFL ORI PAG PATK PDS PRLB PTEN PX RCL RS RTN SAH SCG SHOP SHW SILC SJR SPG SPGI SWK SXC TAL TECK THRM TROW TSCO TWTR  UBS UBSI UNP USG VC VLO VLP VLY WM WNS WSO WST WWE XEL
• After-Hours:  ACTG AJG AKS AMZN AQ ARLO AUY AVT BGG BMRN BOOM BOOT BVN BYD CA CBLK CENX CERN CINF CLD CMG COLM CPT CUBE CUBI CVA CXP CY DECK DFS DLR DORM ELLI EMN ENVA EXPE FBHS FE FHB FII FIX FLEX FSLR FTV GCAP GDI GILD GOOG HIG HLI HTA HTH HUBG INT INTC INVA ISBC JEF KEX LEG LMAT LOGM LPLA LSCC MAT MERC MHK MMSI MPWR MSTR NATI NOV NR NTGR OFC OMCL OSIS PFG PFPT POWI PRO PSMT REG RGA RMD RSG SAM SBCF SGEN SIGI SIVB SNAP SPSC SWN SYK TMST UHS VCRA VLRS VRSN VVI WDC WRE

Friday (October 26):

• Pre-Market:  ALV AON B CHTR CL COG COL FELE GBX GRC GT GVA LPNT MCO PFS POR PSX PSXP R ROP SBSI SMP TEN TOT  VRTS VTR WETF WY ZBH

=Six Flags Entertainment (SIX) reported earnings on Wed 26 July 2017 (b/o)

• Earnings miss
• New CEO
• Div/yield 0.64/4.30

GRAND PRAIRIE, Texas (AP) _ Six Flags Entertainment Corp. (SIX) on Wednesday reported second-quarter profit of $52 million.

The Grand Prairie, Texas-based company said it had net income of 59 cents per share.

The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.

The amusement park operator posted revenue of $422.4 million in the period, which also did not meet Street forecasts. Nine analysts surveyed by Zacks expected $436.8 million.

Six Flags shares have fallen 7 percent since the beginning of the year. The stock has fallen 6 percent in the last 12 months.