Luxury ski resort company Vail Resorts (NYSE:MTN) will be announcing earnings results tomorrow after market hours. Here’s what to look for.
Vail Resorts met analysts’ revenue expectations last quarter, reporting revenues of $265.4 million, down 1.6% year on year. It was a slower quarter for the company, with a miss of analysts’ EPS estimates. It reported 699,000 skier visits, down 19.4% year on year.
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 decline 2.7% year on year to $251.6 million, improving from the 7.5% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$5.04 per share.
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. Vail Resorts has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Vail Resorts’s peers in the leisure facilities segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Live Nation’s revenues decreased 6.2% year on year, missing analysts’ expectations by 2.1%, and Bowlero reported revenues up 14.4%, topping estimates by 4.3%. Live Nation traded up 4.7% following the results while Bowlero was also up 11.9%.
Read our full analysis of Live Nation’s results here and Bowlero’s results here.
There has been positive sentiment among investors in the leisure facilities segment, with share prices up 3.2% on average over the last month. Vail Resorts is up 5.5% during the same time and is heading into earnings with an average analyst price target of $196.33 (compared to the current share price of $191.88).
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