Vail Resorts (MTN - Free Report) reported $1.24 billion in revenue for the quarter ended April 2023, representing a year-over-year increase of 5.3%. EPS of $8.18 for the same period compares to $9.16 a year ago.
The reported revenue represents a surprise of -0.58% over the Zacks Consensus Estimate of $1.25 billion. With the consensus EPS estimate being $8.88, the EPS surprise was -7.88%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Vail Resorts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Mountain - Total skier visits: 9.24 thousand compared to the 8.31 thousand average estimate based on two analysts.
- Lodging - Managed condominium statistics - RevPAR: $218.79 versus $223.60 estimated by two analysts on average.
- Lodging - Owned hotel statistics - RevPAR: $170.35 versus $192.20 estimated by two analysts on average.
- Mountain - ETP: $76.83 compared to the $84.54 average estimate based on two analysts.
- Net Revenue- Lodging net revenue: $93.55 million versus $96.28 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +1.8% change.
- Net Revenue- Mountain net revenue: $1.14 billion compared to the $1.15 billion average estimate based on five analysts. The reported number represents a change of +5.5% year over year.
- Net Revenue- Resort net revenue: $1.24 billion versus $1.24 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +5.3% change.
- Net Revenue- Real estate: $0.16 million versus $0.88 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +20.2% change.
- Net Revenue- Mountain net revenue- Other: $52.85 million versus the two-analyst average estimate of $49.83 million. The reported number represents a year-over-year change of +23.8%.
- Net Revenue- Lodging net revenue- Managed condominium rooms: $38.41 million versus $38.91 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.4% change.
- Net Revenue- Mountain net revenue- Retail/rental: $135.01 million versus the two-analyst average estimate of $133.47 million. The reported number represents a year-over-year change of +6.7%.
- Net Revenue- Mountain net revenue- Dining: $101.68 million compared to the $92 million average estimate based on two analysts. The reported number represents a change of +27.4% year over year.
View all Key Company Metrics for Vail Resorts here>>>Shares of Vail Resorts have returned +6.7% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Vail Resorts (MTN - Free Report) reported $1.24 billion in revenue for the quarter ended April 2023, representing a year-over-year increase of 5.3%. EPS of $8.18 for the same period compares to $9.16 a year ago.
The reported revenue represents a surprise of -0.58% over the Zacks Consensus Estimate of $1.25 billion. With the consensus EPS estimate being $8.88, the EPS surprise was -7.88%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Vail Resorts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Mountain - Total skier visits: 9.24 thousand compared to the 8.31 thousand average estimate based on two analysts.
- Lodging - Managed condominium statistics - RevPAR: $218.79 versus $223.60 estimated by two analysts on average.
- Lodging - Owned hotel statistics - RevPAR: $170.35 versus $192.20 estimated by two analysts on average.
- Mountain - ETP: $76.83 compared to the $84.54 average estimate based on two analysts.
- Net Revenue- Lodging net revenue: $93.55 million versus $96.28 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +1.8% change.
- Net Revenue- Mountain net revenue: $1.14 billion compared to the $1.15 billion average estimate based on five analysts. The reported number represents a change of +5.5% year over year.
- Net Revenue- Resort net revenue: $1.24 billion versus $1.24 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +5.3% change.
- Net Revenue- Real estate: $0.16 million versus $0.88 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +20.2% change.
- Net Revenue- Mountain net revenue- Other: $52.85 million versus the two-analyst average estimate of $49.83 million. The reported number represents a year-over-year change of +23.8%.
- Net Revenue- Lodging net revenue- Managed condominium rooms: $38.41 million versus $38.91 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.4% change.
- Net Revenue- Mountain net revenue- Retail/rental: $135.01 million versus the two-analyst average estimate of $133.47 million. The reported number represents a year-over-year change of +6.7%.
- Net Revenue- Mountain net revenue- Dining: $101.68 million compared to the $92 million average estimate based on two analysts. The reported number represents a change of +27.4% year over year.
View all Key Company Metrics for Vail Resorts here>>>Shares of Vail Resorts have returned +6.7% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Where Will Stocks Go…
If Biden Wins? If Trump Wins?
The answers may surprise you.
Since 1950, even after negative midterm years, the market has never had a lower presidential election year. With voters energized and engaged, the market has been almost unrelentingly bullish no matter which party wins!
Now is the time to download Zacks' free Special Report with 5 stocks that offer extreme upside for both Democrats and Republicans…
1. Medical manufacturer has gained +11,000% in the last 15 years.
2. Rental company is absolutely crushing its sector.
3. Energy powerhouse plans to grow its already large dividend by 25%.
4. Aerospace and defense standout just landed a potentially $80 billion contract.
5. Giant Chipmaker is building huge plants in the U.S.
Hurry, Download Special Report FREE >>
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