Vail Resorts Whiffs on Earnings
Vail Resorts (NYS: MTN) reported earnings on Mar. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 31 (Q2), Vail Resorts beat slightly on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted.
Margins dropped across the board.
Vail Resorts recorded revenue of $373.3 million. The seven analysts polled by S&P Capital IQ foresaw sales of $369.4 million on the same basis. GAAP reported sales were 5.5% lower than the prior-year quarter's $395.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.27. The seven earnings estimates compiled by S&P Capital IQ averaged $1.44 per share. GAAP EPS of $1.27 for Q2 were 14% lower than the prior-year quarter's $1.48 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 31.7%, 60 basis points worse than the prior-year quarter. Operating margin was 22.8%, 190 basis points worse than the prior-year quarter. Net margin was 12.4%, 140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $440.8 million. On the bottom line, the average EPS estimate is $2.32.
Next year's average estimate for revenue is $1.03 billion. The average EPS estimate is $0.63.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 316 members out of 383 rating the stock outperform, and 67 members rating it underperform. Among 150 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 139 give Vail Resorts a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vail Resorts is outperform, with an average price target of $52.71.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy
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