United Parks & Resorts Second Quarter 2024 Earnings: EPS Misses Expectations

United Parks & Resorts (NYSE:PRKS) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$497.6m (flat on 2Q 2023).
• Net income: US$91.1m (up 4.7% from 2Q 2023).
• Profit margin: 18% (in line with 2Q 2023).
• EPS: US$1.47 (up from US$1.36 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

United Parks & Resorts EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.7%.

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are down 5.7% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with United Parks & Resorts.

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