Theme park operator United Parks & Resorts (NYSE: PRKS) will be reporting results this Thursday before the bell. Here’s what to expect.

United Parks & Resorts missed analysts’ revenue expectations last quarter, reporting revenues of $511.9 million, down 6.2% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates. It reported 6.79 million visitors, down 3% year on year.

Is United Parks & Resorts a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting United Parks & Resorts’s revenue to decline 2% year on year, in line with the 1.2% decrease it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. United Parks & Resorts has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at United Parks & Resorts’s peers in the consumer discretionary - leisure facilities segment, some have already reported their Q4 results, giving us a hint as to what we can expect. AMC Entertainment’s revenues decreased 1.4% year on year, beating analysts’ expectations by 1%, and Planet Fitness reported revenues up 10.5%, topping estimates by 2.4%. AMC Entertainment traded down 2.6% following the results.

Read our full analysis of AMC Entertainment’s results here and Planet Fitness’s results here.

Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the consumer discretionary - leisure facilities stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.3% on average over the last month. United Parks & Resorts is down 9.5% during the same time and is heading into earnings with an average analyst price target of $44.09 (compared to the current share price of $34.57).

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