NEW YORK (TheStreet) -- Shares of Six Flags Entertainment (SIX) - Get Report were gaining at the start of trading on Wednesday even though the company posted weaker-than-anticipated results for the 2016 third quarter.
Before today's market open, the Grand Prairie, TX-based regional theme park operator reported earnings of $1.09 per diluted share on total revenue of $557.6 million.
Analyst surveyed by FactSet had projected earnings of $1.58 per share on revenue of $558.5 million.
"Despite the soft start to the third quarter due to adverse weather, we were pleased to achieve record revenue and EBITDA in the first nine months of 2016," CEO John Duffey said in a statement.
"We experienced healthy growth in the back half of the quarter once weather normalized and had record pass sales over the Labor Day weekend when we kicked off our 2017 season pass sales campaign," he added.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and increase in stock price during the past year.
The team believes its strengths outweigh the fact that the company has had sub par growth in net income.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: SIX