What To Expect From United Parks & Resorts's (PRKS) Q1 Earnings

Theme park operator United Parks & Resorts (NYSE:SEAS) will be reporting earnings tomorrow morning. Here's what investors should know.

United Parks & Resorts missed analysts' revenue expectations by 1.7% last quarter, reporting revenues of $389 million, flat year on year. It was a weak quarter for the company, with a miss of analysts' earnings estimates.

Is United Parks & Resorts a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting United Parks & Resorts's revenue to decline 3% year on year to $284.7 million, a reversal from the 8.4% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.23 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. United Parks & Resorts has missed Wall Street's revenue estimates three times over the last two years.

Looking at United Parks & Resorts's peers in the leisure facilities segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Live Nation delivered year-on-year revenue growth of 21.5%, beating analysts' expectations by 16.6%, and Life Time reported revenues up 16.8%, topping estimates by 1.4%. Live Nation traded up 7.2% following the results while Life Time was also up 3.4%.

Read our full analysis of Live Nation's results here and Life Time's results here.

Investors in the leisure facilities segment have had fairly steady hands going into earnings, with share prices down 1.9% on average over the last month. United Parks & Resorts is down 14.2% during the same time and is heading into earnings with an average analyst price target of $64.9 (compared to the current share price of $49.77).

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