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Vail Resorts (MTN) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

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Vail Resorts (MTN - Free Report) reported $1.3 billion in revenue for the quarter ended April 2025, representing a year-over-year increase of 1%. EPS of $10.54 for the same period compares to $9.54 a year ago.

The reported revenue represents a surprise of -0.55% over the Zacks Consensus Estimate of $1.3 billion. With the consensus EPS estimate being $10.00, the EPS surprise was +5.40%.

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.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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: 8.61 thousand versus 8.6 thousand estimated by three analysts on average.
  • Lodging - Managed condominium statistics - RevPAR: $206.66 versus $214.69 estimated by three analysts on average.
  • Lodging - Owned hotel statistics - RevPAR: $165.54 compared to the $170.86 average estimate based on three analysts.
  • Mountain - ETP: $89.47 versus the three-analyst average estimate of $88.50.
  • Net Revenue- Lodging net revenue: $82.89 million versus $89.11 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -4.8% change.
  • Net Revenue- Mountain net revenue: $1.21 billion compared to the $1.22 billion average estimate based on six analysts. The reported number represents a change of +1.4% year over year.
  • Net Revenue- Resort net revenue: $1.30 billion versus the four-analyst average estimate of $1.30 billion. The reported number represents a year-over-year change of +1%.
  • Net Revenue- Real estate: $0.12 million versus the four-analyst average estimate of $1.05 million. The reported number represents a year-over-year change of -32%.
  • Net Revenue- Mountain net revenue- Other: $57.40 million versus the three-analyst average estimate of $58.24 million. The reported number represents a year-over-year change of +1.8%.
  • Net Revenue- Lodging net revenue- Managed condominium rooms: $32.63 million compared to the $35.12 million average estimate based on three analysts. The reported number represents a change of -7.8% year over year.
  • Net Revenue- Mountain net revenue- Retail/rental: $113.68 million compared to the $119.17 million average estimate based on three analysts. The reported number represents a change of -7.8% year over year.
  • Net Revenue- Mountain net revenue- Dining: $110.97 million compared to the $110.73 million average estimate based on three analysts. The reported number represents a change of +1.4% year over year.
View all Key Company Metrics for Vail Resorts here>>>

Shares of Vail Resorts have returned +10.6% over the past month versus the Zacks S&P 500 composite's +5.2% 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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