Profile
Sector:
Consumer CyclicalIndustry:
Resorts & CasinosCountry:
United StatesIPO:
04 February 1997Website:
http://www.vailresorts.comNext earnings report:
27 September 2024Last dividends:
25 June 2024Next dividends:
N/APrice
after hours | 67 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
MTN Latest News
KEYSTONE, Colo. , June 24, 2024 /PRNewswire/ -- The National Brotherhood of Snowsports (NBS), in partnership with Vail Resorts, is proud to share that NBS has selected Keystone Resort for its 2025 Annual Summit.
Recent 3Q24 earnings missed street estimates, with weak demand outlook ahead. Management attributes shift in demand and bad weather, but I believe high prices and macro conditions are main issues. I am staying with my hold rating for MTN due to weak demand, potential need for price cuts, and uncertain future outlook.
Vail Resorts' (MTN) prospects benefit from an effective season pass program, along with various strategic business investments. Yet, decreased skier visitation trends and weather-related challenges, along with increased expenses, mar prospects.
Vail Resorts dropped more than 10% after reporting Q3 results, which the company blamed on poorer ski conditions. The company's cut to guidance includes the negative impact from acquiring its second resort in Europe, which could be a long-term growth driver for the company. In spite of poor skiing conditions, the company grew revenue and adjusted EBITDA in Q3. Ski pass sales for the 2024/2025 season are also up in dollar terms.
Shares of Vail Resorts (MTN) headed downhill Friday, a day after the operator of ski resorts posted worse-than-expected results and cut its guidance as a lack of snowfall reduced demand.
Vail Resorts' (MTN) fiscal third-quarter performance reflects a decline in skier visits owing to unfavorable weather conditions.
Vail Resorts (NYSE:MTN) shares fell more than 12% after its fiscal third quarter results took a hit from unfavorable conditions across its North American resorts for much of the 2023/24 ski season. The company highlighted that the winter season included “significant” weather-related challenges, with approximately 28% less snowfall for the season across its Western North American resorts and limited natural snow and variable temperatures at its Eastern US resorts.
While the top- and bottom-line numbers for Vail Resorts (MTN) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Shares of Vail Resorts Inc. dropped in extended trading Thursday after the ski-resort operator cut its full-year profit outlook and offered up figures that pointed to slowing demand for the key upcoming ski season.
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.
What type of business is Vail Resorts?
Vail Resorts, Inc. operates mountain resorts and urban ski resorts. The "Mountain" segment of the company includes resorts such as Vail Mountain, Breckenridge, Keystone, Beaver Creek and Heavenly Mountain, Northstar and others. The company's "Lodging" segment owns and/or manages various hotels and condominiums under the RockResorts brand, as well as other residential properties; various condominiums located in close proximity to the company's mountain resorts; wellness resorts; golf courses, and also offers ground transportation services at the resorts. The "Real Estate" segment owns, develops, and sells real estate in the company's resort areas and surrounding areas. The company was founded in 1997 and is located in Broomfield, Colorado.
What sector is Vail Resorts in?
Vail Resorts is in the Consumer Cyclical sector
What industry is Vail Resorts in?
Vail Resorts is in the Resorts & Casinos industry
What country is Vail Resorts from?
Vail Resorts is headquartered in United States
When did Vail Resorts go public?
Vail Resorts initial public offering (IPO) was on 04 February 1997
What is Vail Resorts website?
https://www.vailresorts.com
Is Vail Resorts in the S&P 500?
No, Vail Resorts is not included in the S&P 500 index
Is Vail Resorts in the NASDAQ 100?
No, Vail Resorts is not included in the NASDAQ 100 index
Is Vail Resorts in the Dow Jones?
No, Vail Resorts is not included in the Dow Jones index
When does Vail Resorts report earnings?
The next expected earnings date for Vail Resorts is 27 September 2024