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Tuesday, April 20, 2021

Six Flags: 4Q Earnings Snapshot

ARLINGTON, Texas (AP) Six Flags Entertainment Corp. (SIX) on Wednesday reported a loss of $85.8 million in its fourth quarter.

The Arlington, Texas-based company said it had a loss of $1 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of $1.02 per share.

The amusement park operator posted revenue of $108.6 million in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $87 million.
For the year, the company reported a loss of $423.4 million, or $4.99 per share, swinging to a loss in the period. Revenue was reported as $356.6 million.

Six Flags shares have climbed 28% since the beginning of the year. The stock has risen 39% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SIX at https://www.zacks.com/ap/SIX

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