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Vail Resorts Stock Tumbles as Low Snowfall Impacts Q3 Results
Investopedia· 2024-06-07 14:45
Vail Resorts shares traded down 13.5% at of 10:15 a.m. ET Friday to $167.89, their lowest point since the early part of the COVID-19 pandemic in 2020. Vail Resorts blamed a lack of snowfall as its third-quarter profit and revenue missed analysts' forecasts. The company also cut its full-year guidance. The news sent shares of Vail Resorts to their lowest level since the early part of the COVID-19 outbreak. Shares of Vail Resorts (MTN) headed downhill Friday, a day after the operator of ski resorts posted wor ...
Vail Resorts (MTN) Q3 Earnings Miss Estimates, Stock Declines
ZACKS· 2024-06-07 14:15
Vail Resorts, Inc. (MTN) reported dismal third-quarter fiscal 2024 results, with earnings and net revenues missing the Zacks Consensus Estimate. The top and the bottom line rose year over year. Total skier visits for the 2023/2024 North American and European ski season declined 7.7% year over year. The downside was caused by a combination of unfavorable conditions and broader industry normalization postCOVID scenario. While pass product visitation met expectations, lift ticket visitation, particularly at Wh ...
Vail Resorts shares drop as weather challenges drag on earnings
Proactiveinvestors NA· 2024-06-07 14:02
Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The Canberra Times, and... Read more Proa ...
Vail Resorts(MTN) - 2024 Q3 - Earnings Call Transcript
2024-06-07 01:07
Vail Resorts, Inc. (NYSE:MTN) Q3 2024 Earnings Conference Call June 6, 2024 5:00 PM ET Company Participants Kirsten Lynch - CEO Angela Korch - CFO Conference Call Participants Shaun Kelley - Bank of America Jeff Stantial - Stifel Ben Chaiken - Mizuho Laurent Vasilescu - BNP Paribas Megan Alexander - Morgan Stanley Patrick Scholes - Truist David Katz - Jefferies Chris Woronka - Deutsche Bank Brandt Montour - Barclays Operator Good afternoon and welcome to the Vail Resorts Fiscal Third Quarter 2024 Earnings C ...
Here's What Key Metrics Tell Us About Vail Resorts (MTN) Q3 Earnings
ZACKS· 2024-06-06 23:00
The reported revenue represents a surprise of -2.09% over the Zacks Consensus Estimate of $1.31 billion. With the consensus EPS estimate being $9.94, the EPS surprise was -4.02%. Here is how Vail Resorts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Shares of Vail Resorts have returned -1.4% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it cou ...
Vail Resorts (MTN) Q3 Earnings and Revenues Lag Estimates
ZACKS· 2024-06-06 22:15
Vail Resorts (MTN) came out with quarterly earnings of $9.54 per share, missing the Zacks Consensus Estimate of $9.94 per share. This compares to earnings of $8.18 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -4.02%. A quarter ago, it was expected that this ski resort operator would post earnings of $6.07 per share when it actually produced earnings of $5.76, delivering a surprise of -5.11%. Over the last four quarters, the ...
Vail Resorts(MTN) - 2024 Q3 - Quarterly Report
2024-06-06 20:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-09614 Vail Resorts, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization ...
Vail Resorts(MTN) - 2024 Q3 - Quarterly Results
2024-06-06 20:06
• Net income attributable to Vail Resorts, Inc. was $362.0 million for the third fiscal quarter of 2024 compared to net income attributable to Vail Resorts, Inc. of $325.0 million in the same period in the prior year. • Resort Reported EBITDA was $654.4 million for the third quarter of fiscal 2024, which included $1.3 million of acquisition related expenses. In the same period in the prior year, Resort Reported EBITDA was $623.3 million, which included $0.1 million of acquisition and integration related exp ...
Vail Resorts Reports Fiscal 2024 Third Quarter Results, Provides Updated Fiscal 2024 Guidance, and Provides Early Season Pass Sales Results
Prnewswire· 2024-06-06 20:05
BROOMFIELD, Colo., June 6, 2024 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today reported results for the third quarter of fiscal 2024 ended April 30, 2024, reported early season pass sales, updated fiscal 2024 guidance, and announced share repurchases completed during the quarter. Net income attributable to Vail Resorts, Inc. was $362.0 million for the third fiscal quarter of 2024 compared to net income attributable to Vail Resorts, Inc. of $325.0 million in the same period in the prior year. Resort Re ...
Exploring Analyst Estimates for Vail Resorts (MTN) Q3 Earnings, Beyond Revenue and EPS
ZACKS· 2024-06-03 14:15
In its upcoming report, Vail Resorts (MTN) is predicted by Wall Street analysts to post quarterly earnings of $9.99 per share, reflecting an increase of 22.1% compared to the same period last year. Revenues are forecasted to be $1.31 billion, representing a year-over-year increase of 5.9%. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timefram ...