Luxury ski resort company Vail Resorts (NYSE: MTN) will be reporting results this Wednesday after the bell. Here’s what to expect.
Vail Resorts missed analysts’ revenue expectations by 0.5% last quarter, reporting revenues of $271.3 million, up 2.2% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and a miss of analysts’ skier visits estimates. It reported 753,000 skier visits, up 7.7% year on year.
Is Vail Resorts a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Vail Resorts’s revenue to grow 3.9% year on year to $270.5 million, improving from its flat revenue in the same quarter last year. Adjusted loss is expected to come in at -$5.20 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. AMC Entertainment’s revenues decreased 3.6% year on year, beating analysts’ expectations by 6.3%, and Topgolf Callaway reported a revenue decline of 7.8%, topping estimates by 2.3%. AMC Entertainment traded up 3.2% following the results while Topgolf Callaway was also up 14.3%.
Read our full analysis of AMC Entertainment’s results here and Topgolf Callaway’s results here.
There has been positive sentiment among investors in the leisure facilities segment, with share prices up 2.6% on average 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 $173.73 (compared to the current share price of $144.13).
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