Vail Resorts Earnings: What To Look For From MTN

Adam Hejl /
2024/06/05 3:02 am EDT

Luxury ski resort company Vail Resorts (NYSE:MTN) will be reporting results tomorrow after market hours. Here's what to expect.

Vail Resorts missed analysts' revenue expectations by 6.5% last quarter, reporting revenues of $1.08 billion, down 2.2% year on year. It was a weak quarter for the company, with a miss of analysts' revenue and earnings estimates.

Is Vail Resorts a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Vail Resorts's revenue to grow 5.2% year on year to $1.30 billion, in line with the 5.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $9.98 per share.

Vail Resorts Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Vail Resorts has missed Wall Street's revenue estimates four times over the last two years.

Looking at Vail Resorts's peers in the leisure facilities segment, some have already reported their Q1 results, giving us a hint as to what we can expect. United Parks & Resorts delivered year-on-year revenue growth of 1.4%, beating analysts' expectations by 4.5%, and Topgolf Callaway reported a revenue decline of 2%, falling short of estimates by 1.1%. United Parks & Resorts traded up 9.3% following the results while Topgolf Callaway was down 6.6%.

Read our full analysis of United Parks & Resorts's results here and Topgolf Callaway's results here.

Investors in the leisure facilities segment have had steady hands going into earnings, with share prices flat over the last month. Vail Resorts is down 1.5% during the same time and is heading into earnings with an average analyst price target of $236.6 (compared to the current share price of $194.44).

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