Vail Resorts shares drop as weather challenges drag on earnings
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.
Vail Resorts, Inc. (MTN) Q3 2024 Earnings Call Transcript
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 Call. Today's conference is being recorded.
Here's What Key Metrics Tell Us About Vail Resorts (MTN) Q3 Earnings
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.
Lower profit forecast, less snowfall send Vail Resorts stock on a downhill run
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) Q3 Earnings and Revenues Lag Estimates
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.
Vail Stock Drops as Earnings Disappoint
The ski-resort operator also lowered its full-year guidance.
Exploring Analyst Estimates for Vail Resorts (MTN) Q3 Earnings, Beyond Revenue and EPS
Get a deeper insight into the potential performance of Vail Resorts (MTN) for the quarter ended April 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
