United Parks & Resorts (NYSE: PRKS) saw its stock price plummet 5.01% in the pre-market session on Thursday, following the release of its full-year 2024 earnings report. The theme park operator's earnings per share (EPS) missed analyst expectations by 4.4%, despite revenue being in line with estimates.
The disappointing earnings performance has raised concerns among investors about the company's growth prospects. While United Parks & Resorts' revenue remained flat in fiscal year 2024 compared to the previous year, its net income declined by 2.9%, indicating potential challenges in maintaining profitability.
Furthermore, the company's revenue growth forecast of 2.4% per annum over the next three years lags behind the overall 9.7% growth forecast for the US hospitality industry. This could signal potential struggles in capturing market share and capitalizing on industry growth trends.