United Parks & Resorts Sees Prelim Q1 Attendance ~6.2M Guests, Up From 6.1M YoY; Sees Total Revenues $495M-$500M vs $506.22M Est.
Portfolio Pulse from Benzinga Newsdesk
United Parks & Resorts reported preliminary Q1 attendance of approximately 6.2 million guests, up from 6.1 million year-over-year. The company expects total revenues to be between $495 million and $500 million, compared to the estimated $506.22 million.
July 29, 2024 | 11:33 am
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United Parks & Resorts reported a slight increase in Q1 attendance but expects revenues to fall short of estimates. This mixed performance may lead to short-term volatility in the stock price.
The increase in attendance is a positive sign, but the expected revenue shortfall compared to estimates could create uncertainty among investors. This mixed news is likely to result in short-term volatility for PRKS stock.
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RELEVANCE 100