Summer 2022: Theme Park Stock Outlook
Who doesn’t love a rollercoaster? Ok maybe just candy floss and a gentle river boat ride? Now that travel bans are calming down, people should be heading to get their scream on in their droves. What does that mean for some of the biggest amusement park stocks? Read on to find out. We’ll also update you on the key financial events of the week. Let’s go!
Top amusement park stocks to watch
Here are some of the most interesting amusement stocks to check out in 2022.
#1 Disney (DIS)
Price on 01.01: 156.76 USD
Price on 25.03: 139.14 USD
% change YTD: -11.24%
As one of the world’s biggest multinational entertainment and media conglomerates, Disney’s stock is affected by the many different elements of its business.
The company reported a whopping 100% year-over-year growth for its parks and resorts segment in the first quarter of 2022, with revenue at an eye-watering $7.2 billion. The same segment saw year-over-year growth of 99% in the fourth quarter of 2021. So, Disney is literally back to the good old days.
Increased capacity due to waning covid restrictions and a truck-load of demand that’s built up in pretty much anyone over the age of 2 are likely major growth drivers for Disney and its parks and resorts segment.
The diversity of Disney’s product offering is its greatest strength, but also its biggest weakness. For the stock to truly grow, positives must be seen across the board. Investors will be hoping that a busy summer will help in that regard.
DIS, 2022
Source: Google
#2 Comcast Corporation (CMCSA)
Price on 01.01: 50.74 USD
Price on 25.03: 47.13 USD
% change YTD: -7.11%
In Q4, Universal parent Comcast reported its most profitable quarter of all time. A large chunk of that success was down to the fact that its Universal Orlando resort in Florida delivered the best performance under Comcast’s ownership for any quarter.
From February, guests have no longer been required to wear masks while indoors. This has resulted in an uptick in guest numbers and likely a subsequent rise in per-capita spending on things like food and drinks.
Those Q1 figures will be very interesting…
CMCSA, 2022
Source: Google
#3 Six Flags Entertainment Corporation (SIX)
Price on 01.01: 43.71 USD
Price on 25.03: 43.45 USD
% change YTD: -0.82%
One of Six Flags’ strongest points is that its parks are geographically distributed. That means it’s pretty well covered and business will always continue somewhere, even if a virus re-emerges.
With parks in the US, France, the Netherlands, Mexico, and Belgium, Six Flags is a serious heavy hitter. 2022 looks like it could be a great year.
What do you think?
Is this the year that amusement park stocks really bounce back? Let us know what you think by tweeting us at @_contentworks.
Top fundamental events week commencing 28.03.22
A fairly busy week lies ahead. Here are all the events to look out for.
Monday
No major events are scheduled.
Tuesday
● EUR — GfK Consumer Confidence (APR)
● USD — CB Consumer Confidence (MAR)
Wednesday
● EUR — Inflation Rate YoY Prel (MAR)
● USD — GDP Growth Rate QoQ Final (Q4)
Thursday
● CNY — NBS Manufacturing PMI (MAR)
● USD — GDP Growth Rate YoY Final (Q4)
● EUR — Inflation Rate YoY Prel (MAR); Germany Unemployment Change (MAR); Germany Unemployment Rate (MAR)
● USD — Core PCE Price Index YoY (FEB); PCE Price Index YoY (FEB)
Friday
● EUR — CPI Flash (MAR); Core Inflation Rate YoY Flash (MAR)
● USD — Non Farm Payrolls (MAR); Unemployment Rate (MAR); Markit Manufacturing PMI Final (MAR); ISM Manufacturing PMI (MAR)
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The Contentworks team
