United Parks & Resorts GAAP EPS of $1.74 misses by $0.16, revenue of $506.5M misses by $3.35M (PRKS:NYSE)

PRKS reported Q3 2026 revenue of $506.5M, missing estimates by 0.6%, and adjusted EPS of $1.94, missing by 4.9%. Attendance fell by 320,000 due to weather, but pass sales grew 8% and forward bookings improved. The company aims for $50M in cost savings this year and further savings in 2027 through technology.

United Parks & Resorts (PRKS) reported a 15% increase in 2027-specific pass products as of October 31, with pass products accounting for 40% of annual attendance. Advance booking revenue for Discovery Cove and group business rose by double-digit percentages. International sales revenue increased by a mid-single-digit percentage, though international visitation remains 50% below 2019 levels.

Goldman Sachs raised its price target for United Parks & Resorts (NYSE:PRKS) to $39.00, citing improved fundamentals. The company showed year-over-year growth in admissions per capita and positive revenue growth in October. However, cost growth continues to outpace revenue, with adjusted EBITDA expected to decline 0.3% year-over-year in Q4. The company identified $40M-$50M in cost savings for 2027. Goldman adjusted its EBITDA estimates for 2026 and 2027, noting potential for share buybacks.

United Parks (PRKS) reported Q3 2026 earnings, highlighting 8% growth in total pass sales and a 15% increase in 2027-specific pass products. Despite weather challenges, revenue and attendance showed positive trends. The company expects higher attendance, revenue, and cash flow in 2027. Management expressed confidence in closing the valuation gap, having repurchased $218 million of stock.

United Parks & Resorts (PRKS) stock rose 3.2% after Q3 2026 results showed 8% pass sales growth and 15% increase in 2027 pass sales. Forward bookings also improved. Revenue declined, but per-guest spending increased. Shares later settled at $35.11, up 2.7%. PRKS is down 2.7% YTD and 27.5% from its 52-week high. The stock has seen high volatility over the past year.

United Parks & Resorts (PRKS) reported Q3 earnings and revenue below expectations, with shares rising 10% premarket due to positive 2027 outlook. Q3 attendance fell 4.7% to 6.5M, but revenue per capita increased 3.8% to $78.29. The company cited strong advance bookings and pass sales for 2027, with adjusted EBITDA declining 5.1% to $205.1M. Management expects higher attendance, revenue, and free cash flow in 2027, supported by new attractions.