Stocks

Seaworld Is An Attraction Again

SeaWorld Entertainment, Inc., together with its subsidiaries, operates as a theme park and entertainment company in the United States. The company operates SeaWorld theme parks in Orlando, Florida; San Antonio, Texas; and San Diego, California, as well as Busch Gardens theme parks in Tampa, Florida, and Williamsburg, Virginia. It also operates water park attractions in Orlando, Florida; San Antonio, Texas; San Diego, California; Tampa, Florida; and Williamsburg, Virginia.

SeaWorld reported their first quarter earnings this week. The company reported a loss that narrowed to $37.0 million, or 44 cents a share, from $62.8 million, or 73 cents a share, in the same period a year ago.  In addition, SeaWorld Entertainment saw its attendance and revenue growth, helped in part by new rides and attractions in most of its markets.

Image result for sea world rides

Here’s more from SeaWorld CEO Gus Antorcha, via a prepared statement:

We are pleased with our first quarter results that exceeded the prior year quarter. Increased attendance and revenue growth and the realization and flow through of cost savings are demonstrating improved operating leverage. Attendance and revenue primarily benefitted from increased demand and increased in-park spending which was partially offset by impacts from unfavorable weather in some of our parks and the shift in the timing of Easter and school spring break in some of our markets from the first quarter to the second quarter.

This is a solid start to the year for SeaWorld, after spending years trying to overcome the challenges created by the 2013 “Blackfish” film, which hammered the theme park’s killer whale program, and a search for a CEO after Joel Manby left in early 2018.

Source

So will the good time roll, lets to go the charts to find out?

Monthly Chart (Curve Timeframe) – monthly supply is at $34 and monthly demand is at $21.

Weekly Chart (Trend Timeframe) – the trend is sideways.

Daily Chart (Entry) – price is between daily supply and demand zones. Although there isn’t a trade set-up at the moment, the chart suggests to play the extremes at the daily zones.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

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