Vail Resorts (NYSE:MTN) stock is down in after-hours trading after its Fiscal Q3-2024 results missed EPS and revenue estimates, and its guidance was lowered. The ski resort and hospitality company’s revenue grew to $1.283 billion, a 3.6% increase but less than the $1.305 billion consensus. Meanwhile, earnings per share (EPS) of $9.54 missed the $10 consensus estimate but came in 16.6% higher than last year’s EPS of $8.18.
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Now, let’s look at Vail’s guidance. On a “comparable basis” to the previous outlook, the firm is now expecting Resort Reported EBITDA to be between $833 million and $851 million (previously between $849 million and $885 million). Additionally, including the acquisition of Crans-Montana Mountain Resort, net income attributable to Vail Resorts is expected to be between $224 million and $256 million (previously between $270 million and $325 million).
Moving on, Vail reported its early season pass sales figures. For the upcoming 2024-25 North American ski season, they decreased by approximately 5% in units but increased by approximately 1% in sales dollars compared to the previous year.
Is MTN Stock a Buy, According to Analysts?
On TipRanks, MTN stock comes in as a Hold based on three Buys, five Holds, and one Sell rating assigned in the past three months. The average Vail Resorts stock price target of $234.14 implies 20.6% upside potential.
