Six Flags Entertainment Corporation [SIX]: What to Expect when It Reports Earnings

Earnings from Six Flags Entertainment Corporation [SIX] are scheduled on April 28, 2021, before the market opens. It is expected that the company will report weak earnings for the quarter ending Mar 2021.


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SIX Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn -$1.28 per share on revenue of $48.03M. Taking a look at the future, the company is projected to report revenue of $229.09M at an earnings per share of -$0.59 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 51.90% in revenue and 237.90% in earnings per share for the company.

SIX Stock Earnings Forecast For The Current Year

For the full financial year, Six Flags Entertainment Corporation [NYSE:SIX] is forecasted to generate revenue of $935.07M. The figure is about $578.5 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be -$1.16 in 2021, which is $3.83 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 76.80% this year, 237.90% next year, and -14.96% annually over the next five years. With regard to sales, forecasts suggest an incline of 162.20% in current fiscal year and 51.90% over following year.

SIX Stock Price Performance

At the close of Tuesday’s session, Six Flags Entertainment Corporation [NYSE:SIX] finished up 2.27% at $49.04. The stock’s highest single-day price was $49.925, and its lowest was $47.76. Its price rose 4.97% in the last five days. Since the beginning of the year, Six Flags Entertainment Corporation’s shares are up nearly 43.81%. However, the share price is -5.24% below its one year high. The top price reached by the shares of the company was $51.75 on 03/15/21, while the 52-week low came on 01/27/21, when the shares were $30.88. In the past year, shares of the company have risen 177.22%. At 50 days, the moving average achieved is $46.85 while at 200 days, the moving average is $31.65. There were 2.59 million shares traded in the last session, up from 0.96 million in the previous session.

Six Flags Entertainment Corporation [NYSE:SIX] Stock Valuation Metrics

Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 11.81 PS value ratio is reported for the last one year of reported earnings. This is above the average return 2.70 for the industry, which means SIX offers an unattractive investment opportunity than its competitors do.

SIX Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 49.04 level, and the violation of this level will cause a further drop to 47.89 level. At the upper end, 52.22 remains a key resistance. As the stock increases, it may find resistance at 51.07. In the 14-day chart, the Relative Strength Index standing at 57.65 suggests a technical neutral stance while the MACD standing at 0.99 indicates price will decrease in the next trading period. Stochastic %K at 68.75% suggests holding the stock while Percent R indicator at 23.75% suggests bullish price movement.

How much is the short interest in Six Flags Entertainment Corporation?

There have been a drop in short interest in the Six Flags Entertainment Corporation Financial stock, with short interest down by -0.67 million shares to 5.91 million shares on Mar 14, 2021. According to data provided by Yahoo Finance, the short interest on Apr 14, 2021 stood at 5.24 million shares. This 11.34% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 6.82% of the overall float in the stock, while the stock’s days to cover moved to 4.28.

How do analysts view Six Flags Entertainment Corporation?

In regard to the share price forecast for Six Flags Entertainment Corporation stock, the analysts, as surveyed by FactSet, forecast the price to reach $50.00 in the next twelve months, representing almost an 1.92% growth from its recent price of $49.04. Among Six Flags Entertainment Corporation stock projections, $73.00 is the highest analyst target for the stock, while $32.00 is the lowest. Despite this, 14 analysts who share their consensus rating for SIX in 2021 agree that the stock is an Overweight. The latest rating change took place on 2/25/21, when KeyBanc Ratings launched coverage of the stock at “Overweight” and assigned a price target of $50.0.

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