Luxury ski resort company Vail Resorts (NYSE:MTN) will be reporting results tomorrow after market close. Here’s what to look for.
Vail Resorts met analysts’ revenue expectations last quarter, reporting revenues of $1.14 billion, up 5.5% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ skier visits estimates. It reported 7.76 million skier visits, up 6.8% 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 grow 1.2% year on year to $1.30 billion, slowing from the 3.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $10.06 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 Q1 results, giving us a hint as to what we can expect. Sphere Entertainment’s revenues decreased 12.7% year on year, meeting analysts’ expectations, and Live Nation reported a revenue decline of 11%, falling short of estimates by 2.8%. Sphere Entertainment traded up 9.3% following the results while Live Nation was also up 1.9%.
Read our full analysis of Sphere Entertainment’s results here and Live Nation’s results here.
There has been positive sentiment among investors in the leisure facilities segment, with share prices up 5.4% on average over the last month. Vail Resorts is up 13.5% during the same time and is heading into earnings with an average analyst price target of $181.87 (compared to the current share price of $156.01).
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