Six Flags (SIX) To Report Earnings Tomorrow: Here Is What To Expect

Amusement park operator Six Flags (NYSE:SIX) will be announcing earnings results tomorrow before the bell. Here's what you need to know.

Six Flags missed analysts' revenue expectations by 1.7% last quarter, reporting revenues of $292.6 million, up 4.5% year on year. It was a weak quarter for the company, with a miss of analysts' revenue and earnings estimates.

Is Six Flags a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Six Flags's revenue to decline 3.9% year on year to $136.7 million, a reversal from the 3% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.93 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Six Flags has missed Wall Street's revenue estimates five times over the last two years.

Looking at Six Flags's peers in the leisure facilities segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Live Nation delivered year-on-year revenue growth of 21.5%, beating analysts' expectations by 16.6%, and Life Time reported revenues up 16.8%, topping estimates by 1.4%. Live Nation traded up 7.2% following the results while Life Time was also up 3.4%.

Read our full analysis of Live Nation's results here and Life Time's results here.

Inflation fears have put pressure on growth stocks, and while some of the leisure facilities stocks have fared somewhat better, they have not been spared, with share prices down 2.1% on average over the last month. Six Flags's stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $31.1 (compared to the current share price of $25.1).

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