Earnings Look Back: Cedar Fair Is Down 9.9% Since Reporting Quarterly Results 1 Week Ago (FUN)
A week ago on November 6th, 2012 Cedar Fair (NYSE:FUN) reported earnings and analysts, on average, expected earnings of $2.92 on sales of $554.5 million. Cedar Fair actually reported earnings of $2.83 per share on sales of $553.4 million, missing EPS estimates by $0.09 and missing revenue estimates by $1.1 million. Since the company's report, shares of Cedar Fair have fallen from $36.99 to $33.32, representing a loss of 9.9% in the past 13 days.
Over the past year, Cedar Fair has traded in a range of $21.30 to $37.69 and is now at $33.32, 56% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.6%.
SmarTrend is monitoring the recent change of momentum in Cedar Fair. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cedar Fair in search of a potential trend change.
Keywords: earnings flashbacks cedar fair