Vail Resorts is set to release its earnings report for the fiscal first quarter after the market closes on Thursday. Here are the key details:
Net Income: Analysts surveyed by FactSet expect Vail Resorts to post a loss of $4.59 per share for the three months ending in October, compared to a loss of $3.40 per share for the same period last year.
Revenue: FactSet forecasts that the ski resort company will report revenue of $272.9 million, slightly lower than the $279.5 million reported last year.
The stock price has experienced a 12% decline over the past three months and is currently trading at $214.16.
Key Factors to Consider
When reviewing the earnings report, pay attention to the following:
Outlook for the Year: Keep an eye out for any changes to the company’s outlook for the year. In September, Vail Resorts stated its expectation for significant growth, with projected earnings before interest, taxes, depreciation, and amortization in the range of $912 million to $968 million.
Seasonal Performance: The company’s comments regarding its performance during the upcoming winter season will be crucial in assessing its prospects. Vail Resorts had previously expressed optimism about the sales of season passes for the upcoming ski season.
Pass Product Sales: In the last quarter, Vail Resorts reported a 7% increase in unit sales and an 11% increase in sales dollars for its pass products through September 22 compared to the same period last year.