This post was originally published on this site
A Deutsche Bank analyst named SeaWorld (NYSE:SEAS) a ‘Catalyst Call: Buy Idea” on Friday as he believes that SEAS is on pace to release positive top and bottom-line results for both the 2Q and full year 2022.
As Orlando hotel data continues to show momentum for visitation, and Disney continues to maintain attendance caps, the analyst believes that nearby SeaWorld may be benefitting from the overflow. It is also important to note that SeaWorld was not operating at full capacity prior to COVID making stronger attendance numbers entirely possible.
The analyst also believes that increased visitation from local guests in response to population migration to Florida is likely being underappreciated by the market.
Trading of SeaWorld has trended up since mid-day.
