Currently, SEAS has a Zacks Rank #2 (Buy) but that could change following SeaWorld Entertainment’s earnings report which was just released.
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Visitation, though, at the Orlando company’s 11 parks continues to be mixed.
SeaWorld is moving forward with plans for a Middle East expansion, the company said on Thursday. We have $13.27 PT which if reached, will make SEAS worth $452.50 million less. SeaWorld reported sales of $495.8 million in the year-earlier period. The company has a market cap of $1.54 billion and a price-to-earnings ratio of 66.51.
For the first nine months of this year, the company reported drops in both revenues and attendance, noting, though, that it saw growing demand at all but two of its parks, owing to more promotional offerings, strong visitation by its regular pass holders and a later Labor Day holiday that can deliver more peak-season visitors to its seasonal parks.
The company said the film was based on misinformation, and has launched campaigns to answer customers’ questions.
Many analysts have commented on the company rating.
The company does not break down attendance for each park.
Park attendance dipped 0.4% during the third quarter, primarily due to drops in California and Texas, according to SeaWorld. After two years of declining attendance, the company replaced its chief executive officer with Joel Manby, who formerly ran Dollywood.
Seaworld also updated its guidance for 2015 in its Q3 earnings report.
SeaWorld has been under near constant scrutiny since the 2010 death of one of the company’s senior killer whale trainers and a 2013 documentary highlighting its alleged mistreatment of the animals in its care.
On the bright side for SeaWorld investors, the stock price, at $19.52 on Wednesday’s market close, has been inching up in recent months, although it’s still down more than 40 percent from its $33.52 share price when it went public in April 2013. The business had revenue of $496.90 million for the quarter, compared to analysts’ expectations of $509.45 million.
SeaWorld faces a possible ban on breeding whales.
What to look for: No stranger to controversy, SeaWorld has been battling to come back from accusations and negative publicity around its treatment of orca whales.
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The same analysts are projecting that Pacific Drilling S.A. (NYSE:PACD) will report EPS of $0.18 when the firm next issues their quarterly earnings release on or around 2015-11-03.
