Cedar Fair Q3 EPS $4.21 Vs $5.86 YoY, Sales $842.01M Beat $836.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cedar Fair reported its Q3 earnings per share (EPS) at $4.21, down from $5.86 year-over-year (YoY). However, the company's sales of $842.01M beat the estimate of $836.07M.
November 02, 2023 | 10:04 am
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NEUTRAL IMPACT
Cedar Fair's Q3 EPS decreased YoY, but sales exceeded estimates. This mixed result could lead to uncertain market reactions.
Cedar Fair's lower EPS indicates decreased profitability, which could negatively impact the stock. However, the higher-than-expected sales suggest strong performance, which could offset the negative impact of the lower EPS. The net effect on the stock price is uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100