Cedar Fair, L.P. (NYSE:FUN) is set to announce third quarter earning results on Wednesday 4th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, FUN to report 3Q20 loss of $ 1.87 per share.
For the full year, analysts anticipate top line of $ 194.86 million, while looking forward to loss of $ 9.85 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 85.00 million ~ $ 90.00 million
Click Here For More Historical Outlooks Of Cedar Fair, L.P.
Previous Quarter Performance
Cedar Fair, L.P. reported loss for the second quarter of $ 2.32 per share, from the revenue of $ 6.59 million. The quarterly revenues down 98.41 percent compared with the same quarter last year. Street analysts expected Cedar Fair, L.P. to report loss of $ 2.10 per share on revenue of $ 25.33 million for the second quarter. The bottom line results missed street analysts by $ 0.22 or 10.48 percent, at the same time, top line results fell short of analysts by $ 18.74 million or 73.98 percent.
Stock Performance
Shares of Cedar Fair, L.P. traded up $ 1.48 or 5.64 percent on Tuesday, reaching $ 27.70 with volume of 403.40 thousand shares. Cedar Fair, L.P. has traded high as $ 27.93 and has cracked $ 26.39 on the downward trend
According to the previous trading day, closing price of $ 27.70, representing a 101.69 % increase from the 52 week low of $ 13.00 and a 54.4 % decrease over the 52 week high of $ 57.50.
The company has a market capital of $ 1.57 billion and is part of the Consumer Cyclical sector and Leisure industry.
Conference Call
Cedar Fair, L.P. will be hosting a conference call at 10:00 AM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cedarfair.com
Cedar Fair, L.P. owns and operates amusement and water parks, and hotels in the United States and Canada. The company operates approximately 11 amusement parks, 2 outdoor water parks, 1 indoor water park, and 4 hotels.
