Vail Resorts, Inc. ( MTN Quick Quote MTN - Free Report) is scheduled to report fourth-quarter fiscal 2020 results on Sep 24, after the closing bell. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 40.1%. Q4 Expectations
The Zacks Consensus Estimate for the fiscal fourth-quarter bottom line is pegged at a loss of $3.56 per share. In the year-ago period, the company incurred a loss of $2.22 per share. For quarterly revenues, the consensus mark stands at $135.7 million, suggesting a decline of 44.4% from the prior-year reported figure.
Factors to Note
Vail Resorts’ results in the quarter are likely to show the impact of the coronavirus pandemic. The negative travel environment and dismal visitation to the company’s resort properties are likely to get reflected in the to-be-reported quarter’s results. The Zacks Consensus Estimate for resort revenues is pegged at $133 million, indicating a decline of 45.5% year over year.
Moreover, rising expenses for operations and pertinent weather-related woes might have dented profitability. It is worth mentioning that Vail Resorts’ business is highly dependent on weather conditions. Particularly, the ski business is directly dependent on the extent and timing of snowfall. Unfavorable weather conditions are likely to have affected skiers’ visits. This, in turn, may have hurt the company’s revenues and profits. However, continuous efforts on digital marketing and media advertising, and reopening of Ski resorts are likely to have boosted the to-be-reported quarter’s performance. What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Vail Resorts this time around. The combination of a positive
Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that's not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Vail Resorts has a Zacks Rank #5 (Strong Sell) and an Earnings ESP of +11.10%.
You can see
the complete list of today’s Zacks #1 Rank stocks here. Stocks Poised to Beat Earnings Estimates
Here are some stocks from the Zacks
Consumer Discretionary space that investors may consider as our model shows that these have the right combination of elements to post an earnings beat this quarter: Penn National Gaming, Inc. ( PENN Quick Quote PENN - Free Report) has a Zacks Rank #2 and an Earnings ESP of +31.25%. Boyd Gaming Corporation ( BYD Quick Quote BYD - Free Report) has a Zacks Rank #3 and an Earnings ESP of +215.01%. Zynga Inc. ( ZNGA Quick Quote ZNGA - Free Report) presently has a Zacks #3 and an Earnings ESP of +25.00%. These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early. See the 5 high-tech stocks now>>