Alert: New Earnings Report (11/2/23)-Cedar Fair LP (NYSE: FUN).

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Cedar Fair LP (NYSE: FUN) has reported earnings for its third fiscal quarter (ending September 30) of $4.23 versus $5.91 for the same period a year ago — a decline of -28%. However, this result exceeded the consensus estimate of $3.75 by $0.48. E.P.S. were $2.86 for the latest four quarters through September 30 versus $4.74 for the same period a year ago — a decline of -40%.

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Recent Price Action

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On 11/2/23, Cedar Fair LP (NYSE: FUN) stock declined by -1.4%, closing at $37.00. Relative to the market the stock has been weak over the last nine months but has risen 5.7% during the last week.

Current PriceTarget Research Rating

With future capital returns forecasted to be below the cost of capital, FUN is expected to be a major Value Eraser.

Cedar Fair is currently unrated.

Rating Review

The stock is currently unrated.

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