United Parks & Resorts Q2 2024 GAAP EPS $1.46 Misses $1.55 Estimate, Sales $497.593M Miss $503.856M Estimate
Portfolio Pulse from Benzinga Newsdesk
United Parks & Resorts (NYSE:PRKS) reported Q2 2024 earnings per share (EPS) of $1.46, missing the analyst estimate of $1.55 by 5.81%. Sales were $497.593 million, also missing the estimate of $503.856 million by 1.24%. Despite the misses, EPS increased by 8.15% year-over-year.
August 07, 2024 | 10:34 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
United Parks & Resorts (NYSE:PRKS) reported Q2 2024 earnings that missed analyst estimates for both EPS and sales. EPS was $1.46, missing the $1.55 estimate by 5.81%, and sales were $497.593 million, missing the $503.856 million estimate by 1.24%. Despite these misses, EPS increased by 8.15% year-over-year.
The misses on both EPS and sales estimates are likely to negatively impact the stock price in the short term. However, the year-over-year increase in EPS may provide some support, mitigating the downside to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100