We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Vail Resorts (MTN) Reports Y/Y Decline in Ski Season Metrics
Read MoreHide Full Article
Vail Resorts, Inc. (MTN - Free Report) recently announced its interim period data for its 2020/21 North American ski season through Jan 3, 2021. Following the announcement, shares of the company declined 3.7% during trading hours on Jan 15.
Ski Season Metrics
The company’s North American ski season-to-date results were negatively impacted by COVID-19 related capacity limitations and dismal snowfall levels at Colorado, Utah and Tahoe resorts.
Notably, season-to-date (through Jan 3, 2021) total skier visits fell 16.6% compared with the prior year season-to-date period (Jan 5, 2020). Lift ticket revenues fell 20.9% year over year. Meanwhile, ski school revenues plunged 52.6% year over year and dining revenues plunged 66.2% compared with the prior-year period’s levels. Retail revenues (or rental revenue) for North American resort and ski area store locations fell 39.2% year over year.
Meanwhile, Rob Katz, Chief Executive Officer, Vail Resorts stated, “Given the uncertainty COVID-19 has created for travel demand, operating restrictions and the ultimate visitation to and spending at our resorts, the Company will not be providing full year guidance for fiscal 2021 at this time.”
Nonetheless, the company stated that it is optimistic about the rest of the season, subject to normalcy in Colorado, Utah and Tahoe along with relaxations in capacity restrictions.
Price Performance
Coming to price performance, shares of Vail Resorts have gained 43.6% in the past six-month period compared with the industry’s 37.4% growth. Notably, the company is benefiting from its offerings such as Epic Pass, Epic Local Pass, Epic Day Pass and Epic Coverage products. This along with renewal of passes owing to credit deadlines clearly benefited the company’s performance. Also, continuous efforts on digital marketing and media advertising are likely to boost traffic and sales in the coming periods.
Some better-ranked stocks in the Zacks Consumer Discretionary sector include Monarch Casino & Resort, Inc. (MCRI - Free Report) , Cedar Fair, L.P. (FUN - Free Report) and Lindblad Expeditions Holdings, Inc. (LIND - Free Report) . Monarch Casino sports a Zacks Rank #1, while Cedar and Lindblad Expeditions carry a Zacks Rank #2 (Buy).
Monarch Casino has a trailing four-quarter earnings surprise of 44.8%, on average.
Earnings for Cedar and Lindblad Expeditions in 2021 are expected to surge 77.1% and 54.3%, respectively.
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.
Image: Bigstock
Vail Resorts (MTN) Reports Y/Y Decline in Ski Season Metrics
Vail Resorts, Inc. (MTN - Free Report) recently announced its interim period data for its 2020/21 North American ski season through Jan 3, 2021. Following the announcement, shares of the company declined 3.7% during trading hours on Jan 15.
Ski Season Metrics
The company’s North American ski season-to-date results were negatively impacted by COVID-19 related capacity limitations and dismal snowfall levels at Colorado, Utah and Tahoe resorts.
Notably, season-to-date (through Jan 3, 2021) total skier visits fell 16.6% compared with the prior year season-to-date period (Jan 5, 2020). Lift ticket revenues fell 20.9% year over year. Meanwhile, ski school revenues plunged 52.6% year over year and dining revenues plunged 66.2% compared with the prior-year period’s levels. Retail revenues (or rental revenue) for North American resort and ski area store locations fell 39.2% year over year.
Meanwhile, Rob Katz, Chief Executive Officer, Vail Resorts stated, “Given the uncertainty COVID-19 has created for travel demand, operating restrictions and the ultimate visitation to and spending at our resorts, the Company will not be providing full year guidance for fiscal 2021 at this time.”
Nonetheless, the company stated that it is optimistic about the rest of the season, subject to normalcy in Colorado, Utah and Tahoe along with relaxations in capacity restrictions.
Price Performance
Coming to price performance, shares of Vail Resorts have gained 43.6% in the past six-month period compared with the industry’s 37.4% growth. Notably, the company is benefiting from its offerings such as Epic Pass, Epic Local Pass, Epic Day Pass and Epic Coverage products. This along with renewal of passes owing to credit deadlines clearly benefited the company’s performance. Also, continuous efforts on digital marketing and media advertising are likely to boost traffic and sales in the coming periods.
Zacks Rank & Key Picks
Vail Resorts currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks in the Zacks Consumer Discretionary sector include Monarch Casino & Resort, Inc. (MCRI - Free Report) , Cedar Fair, L.P. (FUN - Free Report) and Lindblad Expeditions Holdings, Inc. (LIND - Free Report) . Monarch Casino sports a Zacks Rank #1, while Cedar and Lindblad Expeditions carry a Zacks Rank #2 (Buy).
Monarch Casino has a trailing four-quarter earnings surprise of 44.8%, on average.
Earnings for Cedar and Lindblad Expeditions in 2021 are expected to surge 77.1% and 54.3%, respectively.
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>>