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Benzinga
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These Analysts Slash Their Forecasts On Six Flags Entertainment After Q3 Results

1. Six Flags reported weak Q3 sales, missing analyst expectations. 2. Adjusted EPS of $3.28 surpassed the consensus estimate of $2.20. 3. Quarterly sales declined 2% year-over-year, totaling $1.318 billion. 4. Attendance increased 1%, highlighting a slight boost in visitor numbers. 5. Analysts downgraded price targets, impacting investor sentiment and stock price.

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FAQ

Why Bearish?

The sales miss and lowered full-year EBITDA guidance indicate ongoing struggles. Historical context shows that sales misses often lead to significant stock price declines.

How important is it?

The combination of missed expectations, downgraded targets, and lowered EBITDA forecasts indicate a significant impact on FUN's stock.

Why Short Term?

The immediate price drop following the earnings report demonstrates short-term volatility. Similar past instances suggest a recovery may take time.

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