Cedar Fair Q1 2024 GAAP EPS $(2.63) Misses $(2.41) Estimate, Sales $101.615M Beat $92.356M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cedar Fair (NYSE:FUN) reported Q1 2024 earnings with a GAAP EPS of $(2.63), missing the $(2.41) estimate, but sales of $101.615M exceeded the $92.356M estimate, marking a 20.18% increase from the previous year.
May 09, 2024 | 8:02 am
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Cedar Fair reported a Q1 2024 GAAP EPS of $(2.63), missing estimates, but exceeded sales expectations with $101.615M, a 20.18% increase from last year.
While the EPS miss could negatively impact investor sentiment, the significant sales beat and year-over-year growth are positive indicators. The mixed results may lead to a neutral short-term impact on the stock price, as the sales growth could offset concerns about the earnings miss.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100