Six Flags Stock Has a Lot to Prove on Wednesday

Six Flags Stock Has a Lot to Prove on Wednesday

It will be time to strap in and see where the coaster ride takes you when Six Flags (NYSE: SIX) reports financial results on Wednesday morning. The regional amusement park operator steps up with its third-quarter results, and there's a lot riding on the performance. Most of Six Flags' gated attractions are open seasonally, and summer -- when school is out and thrill-seeking youth need something to do -- is its most potent time of the year. 

Analysts are holding out for revenue of $583.3 million, up 4.6% since the prior year's summer-containing quarter. Wall Street's forecasting per-share profit of $1.81, well above the $1.09 it generated a year earlier. The third quarter is so important for Six Flags that it's expected to account for 43% of its revenue and nearly all of its earnings for 2017. 

Image source: Six Flags.

Continue reading

Source: Fool.com