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Vail Resorts (MTN) Reports Q4 Earnings: What Key Metrics Have to Say

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Vail Resorts (MTN - Free Report) reported $278.07 million in revenue for the quarter ended July 2026, representing a year-over-year increase of 2.5%. EPS of -$5.34 for the same period compares to -$5.08 a year ago.

The reported revenue represents a surprise of +2.95% over the Zacks Consensus Estimate of $270.11 million. With the consensus EPS estimate being -$5.40, the EPS surprise was +1.11%.

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: 0.5 thousand versus 0.73 thousand estimated by three analysts on average.
  • Lodging - Managed condominium statistics - RevPAR: $47.27 compared to the $49.06 average estimate based on three analysts.
  • Lodging - Owned hotel statistics - RevPAR: $200.62 versus the three-analyst average estimate of $188.47.
  • Mountain - ETP: $91.87 compared to the $60.03 average estimate based on three analysts.
  • Net Revenue- Mountain net revenue: $175.86 million compared to the $178.85 million average estimate based on four analysts. The reported number represents a change of -2.8% year over year.
  • Net Revenue- Resort net revenue: $272.08 million versus the four-analyst average estimate of $266.58 million. The reported number represents a year-over-year change of +0.3%.
  • Net Revenue- Lodging net revenue: $96.22 million compared to the $87.24 million average estimate based on four analysts. The reported number represents a change of +6.6% year over year.
  • Net Revenue- Mountain net revenue- Retail/rental: $21.76 million versus $24.78 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -9.7% change.
  • Net Revenue- Mountain net revenue- Other: $81.24 million versus the three-analyst average estimate of $83.89 million. The reported number represents a year-over-year change of +0.2%.
  • Net Revenue- Lodging net revenue- Managed condominium rooms: $9.54 million versus $10.2 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -5.7% change.
  • Net Revenue- Mountain net revenue- Dining: $18.96 million versus the three-analyst average estimate of $18.88 million. The reported number represents a year-over-year change of +3.1%.
  • Net Revenue- Mountain net revenue- Ski school: $7.78 million compared to the $10.05 million average estimate based on three analysts. The reported number represents a change of -20.4% year over year.

View all Key Company Metrics for Vail Resorts here>>>

Shares of Vail Resorts have returned -4.1% over the past month versus the Zacks S&P 500 composite's +1% 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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