Vail Resorts (MTN) Reports Earnings Tomorrow: What To Expect

Luxury ski resort company Vail Resorts (NYSE:MTN) will be reporting results tomorrow after the bell. Here’s what to look for.

Vail Resorts missed analysts’ revenue expectations by 1.5% last quarter, reporting revenues of $1.28 billion, up 3.6% year on year. It was a slower quarter for the company, with a miss of analysts’ earnings estimates. It reported 8.94 million skier visits, down 3.2% year on year.

Is Vail Resorts a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Vail Resorts’s revenue to decline 1.8% year on year to $264.9 million, a deceleration from its flat revenue in the same quarter last year. Adjusted loss is expected to come in at -$4.27 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Vail Resorts has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Vail Resorts’s peers in the leisure facilities segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Sphere Entertainment delivered year-on-year revenue growth of 112%, meeting analysts’ expectations, and Dave & Buster's reported revenues up 2.8%, in line with consensus estimates. Sphere Entertainment traded up 13.5% following the results while Dave & Buster's was also up 4.7%.

Read our full analysis of Sphere Entertainment’s results here and Dave & Buster’s results here.

Investors in the leisure facilities segment have had steady hands going into earnings, with share prices flat over the last month. Vail Resorts is up 5.3% during the same time and is heading into earnings with an average analyst price target of $199.18 (compared to the current share price of $189).

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