Cedar Fair Intrinsic Stock Value – Q4 2023 EPS Estimates for Cedar Fair, L.P. Decreased by Analyst

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Cedar Fair ($NYSE:FUN), L.P. is a publicly-traded amusement park company based in Sandusky, Ohio. It owns and operates 11 amusement parks, four outdoor water parks, one indoor water park, and five hotels. Recently, an analyst has lowered their estimates for Cedar Fair, L.P.’s Q4 2023 earnings per share (EPS). The lower EPS estimates from the analyst suggest that Cedar Fair, L.P. may not perform as well as previously anticipated in the coming quarter.

As a result, shareholders may be concerned about the company’s future performance and may choose to sell or avoid investing in the stock. It is important to note that analysts’ estimates are not always accurate and may be subject to change. Investors should do their own research and make investment decisions based on their own analysis and understanding of the company before investing in its stock.

Earnings

In its latest earnings report for FY2023 Q3 ending September 30 2021, CEDAR FAIR, L.P. reported total revenue of 753.4M USD and net income of 147.99M USD, a 10.6% decrease in total revenue and a 55.6% decrease in net income compared to the same period in the previous year. Over the last three years, the company’s total revenue has grown from 753.4M USD to 842.01M USD. In response to this disappointing news, analysts have lowered their estimates for CEDAR FAIR’s Q4 2023 earnings per share (EPS).

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Cedar Fair. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Cedar Fair. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Cedar Fair. More…

Key Ratios Snapshot

Some of the financial key ratios for Cedar Fair are shown below. More…

Stock Price

On Wednesday, CEDAR FAIR, L.P. stock opened at $38.7 and closed at $37.8, down 1.7% from its previous closing price of 38.4. This decline follows news that an industry analyst has lowered their estimates for the company’s earnings per share for the fourth quarter of 2023. The revised figure is now estimated to be lower than the original projection given earlier this year. The analyst’s decreased estimate presented investors with a less favorable outlook of the amusement park operator’s performance in Q4 2023, which resulted in a drop in the company’s stock price.

Going forward, investors will be watching to see if CEDAR FAIR can meet the revised earnings expectations for the fourth quarter of this year. If they are able to do so, it could potentially lead to a rebound in the company’s stock price. In the meantime, those invested in CEDAR FAIR will be closely monitoring any updates from the analyst regarding their Q4 2023 EPS estimates. Live Quote…

Analysis – Cedar Fair Intrinsic Stock Value

At GoodWhale, we recently conducted an analysis of CEDAR FAIR‘s financials. According to our proprietary Valuation Line, we calculate the fair value of CEDAR FAIR shares to be around $110.8. At the current market price of $37.8, this implies that the stock is undervalued by 65.9%. This presents a great opportunity for investors to capitalize on this discrepancy and acquire shares at a much lower price than their true worth. More…

Peers

Cedar Fair LP is one of the leading entertainment and amusement park companies in the world. The company owns and operates 11 amusement parks, 5 outdoor water parks, 1 indoor water park, and 2 hotels. The company’s parks are located in the United States, Canada, and England. Cedar Fair LP also has a minority interest in the operations of Knott’s Berry Farm, a theme park in California. The company’s closest competitors are Six Flags Entertainment Corp, Life Time Group Holdings Inc, and Planet Fitness Inc.

– Six Flags Entertainment Corp ($NYSE:SIX)

Six Flags Entertainment Corporation is an American amusement park corporation based in Grand Prairie, Texas. It is the largest amusement park operator in the world, with 26 parks across the United States, Mexico, and Canada. The company operates under the brand names of Six Flags, Great Adventure, Magic Mountain, and Hurricane Harbor.

The company has a market capitalization of 1.96 billion as of 2022 and a return on equity of -22.8%. The company operates amusement parks and attractions, including water parks, themed entertainment destinations, and family entertainment centers. The company also owns and operates the Six Flags Discovery Kingdom theme park in Vallejo, California.

– Life Time Group Holdings Inc ($NYSE:LTH)

Lifetime Group Holdings Inc is a holding company that operates in the healthcare industry. The company has a market cap of 2.37B as of 2022 and a Return on Equity of -10.41%. The company operates in three segments: healthcare services, medical devices, and pharmaceuticals. The healthcare services segment provides healthcare services to individuals and families in the United States. The medical devices segment manufactures and sells medical devices to healthcare providers and patients in the United States. The pharmaceuticals segment manufactures and sells pharmaceutical products to healthcare providers and patients in the United States.

– Planet Fitness Inc ($NYSE:PLNT)

Founded in 1992, Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States. As of December 31, 2020, Planet Fitness had more than 15.3 million members and 2,074 stores in all 50 states, the District of Columbia, Puerto Rico, Canada, the Dominican Republic, Panama, Mexico, and Australia. The company’s mission is to enhance people’s lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which they call the “Judgement Free Zone.”

Summary

Cedar Fair, L.P. is a publicly traded amusement park operator. Analysts have recently reduced their estimates for the company’s Q4 2023 earnings per share (EPS). Investing in Cedar Fair is a risk due to the inherent volatility of the amusement park industry. Market conditions, competition, and attendance levels can all affect the company’s financial performance. Investors should closely monitor Cedar Fair’s financial performance and track key metrics, such as earnings, revenue growth, and customer satisfaction.

Additionally, investors should pay attention to the company’s strategies for dealing with changes in consumer trends, such as development of new attractions and upselling of merchandise. Potential investors should carefully research Cedar Fair and consider the risks associated with investing in the stock.