Bowlero (BOWL, $13.45) beats Q4 earnings expectations
Bowlero Corp posted its fourth quarter earnings that exceeded analysts’; expectations.
The bowling center operator’s earnings came in at 7 cents a share, handily topping analysts’ expectations of 4 cents a share (based on FactSet poll).
Sales grew +68.3% from the year-ago quarter to roughly $267.7 million, on the back of "continued strong growth in walk in retail and accelerated further by significant growth in event revenue," according to the company.
“We continue to see very strong demand in our bowling centers, which is driving significant same store sales growth relative to both prior year and pre-pandemic levels," said Brett Parker, Bowlero’s CFO.
BOWL's RSI Oscillator dives oversold zone
The RSI Indicator for BOWL moved into overbought territory on July 25, 2024. Be on the watch for a price drop or consolidation in the future -- when this happens, think about selling the stock or exploring put options.
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Notable companies
The most notable companies in this group are Harley-Davidson (NYSE:HOG), YETI Holdings (NYSE:YETI), Peloton Interactive (NASDAQ:PTON), MasterCraft Boat Holdings (NASDAQ:MCFT).
Industry description
The Leisure and Recreation Products industry includes companies offering recreational goods/services such as video games, swimming pools, golf courses, boats, outdoor spaces etc. Since these are mainly geared towards consumers, strong employment conditions and healthy incomes generally augur well for the recreational products industry. Some of the largest market caps in this space belong to video game developers (e.g. Activision Blizzard, Electronic Arts and Take-two Interactive), and toy /board game makers (like Hasbro).
Market Cap
The average market capitalization across the Recreational Products Industry is 5.24B. The market cap for tickers in the group ranges from 5.94K to 63.42B. OLCLY holds the highest valuation in this group at 63.42B. The lowest valued company is CLUBQ at 5.94K.
High and low price notable news
The average weekly price growth across all stocks in the Recreational Products Industry was 1%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was 12%. MAT experienced the highest price growth at 14%, while MMA experienced the biggest fall at -22%.
Volume
The average weekly volume growth across all stocks in the Recreational Products Industry was 19%. For the same stocks of the Industry, the average monthly volume growth was 41% and the average quarterly volume growth was 89%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 55
P/E Growth Rating: 59
Price Growth Rating: 58
SMR Rating: 72
Profit Risk Rating: 84
Seasonality Score: 0 (-100 ... +100)