Earnings Outlook For Cedar Fair
Portfolio Pulse from Benzinga Insights
Cedar Fair (NYSE:FUN) is scheduled to release its quarterly earnings report on February 15, 2024, with analysts estimating an EPS of $0.28. The company's past earnings performance shows a history of beating EPS estimates, which has positively impacted its share price. However, shares have declined by 7.32% over the last 52 weeks. Investors will be closely watching for not only the earnings results but also the company's guidance for future growth.
February 14, 2024 | 5:01 pm
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Cedar Fair is anticipated to report an EPS of $0.28 for the quarter. Historical data shows positive share price movement following earnings beats. However, the stock has experienced a 7.32% decline over the past year.
Given Cedar Fair's history of beating EPS estimates and the subsequent positive impact on its share price, there is a potential for a short-term positive movement if the company beats the EPS estimate again and provides positive future guidance. However, the overall negative performance over the past year indicates underlying challenges that might temper the magnitude of any positive reaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100