Wall Street is high on Cedar Fair, expecting it to report earnings that are up 32% from a year ago when it reports its second-quarter earnings on Tuesday, August 5, 2014. The consensus estimate is $1.12 per share, up from earnings of 85 cents per share a year ago.
The consensus estimate has fallen over the past month, from $1.17, but it’s still up from the consensus estimate of $1.11 three months ago. Analysts are projecting earnings of $2.80 per share for the fiscal year. Revenue is projected to be 3% above the year-earlier total of $361.6 million at $373.7 million for the quarter. For the year, revenue is expected to come in at $1.17 billion.
Revenue fell year-over-year in the first quarter, snapping the three-quarter streak of rising revenue.
The majority of analysts (100%) rate Cedar Fair as a buy. This compares favorably to the analyst ratings of two similar companies, which average 60% buys. All four analysts rate Cedar Fair as a buy.
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