Vail Resorts Expected To Deliver Best Quarter In Years
Vail Resorts, Inc. (NYSE: MTN) will report its third quarter financial results on Monday morning before the market opens and, according to Estimize, expectations point toward a year-over-year growth in earnings of approximately 20 percent.
In the same quarter last year, the company reported earnings of $3.18 per share on revenue of $543 million.
For the current quarter, the Street is modeling consensus earnings of $3.80 per share on revenue of $595.43 million, while the crowd is projecting earnings of $3.86 per share on revenue of $594.4 million.
As it can be seen in the table above, the expected results would make this quarter, by far, the best quarter in at least two years.
While the chart overhead does not provide enough evidence to anticipate a beat or miss this quarter, one thing should be noted: earnings tend to fall quite close to estimates –- except in the last quarter, when they came in well above consensus.
A few major Wall Street research firms have weighed in on Vail Resorts lately. Credit Suisse recently reiterated an Outperform rating accompanied by a $125.00 price target.
For their part, analysts at MKM Partners downgraded the stock from Buy to Neutral, while still raising their price target from $107.00 to $111.00.
Finally, KeyBanc also issued an Overweight rating and a $115 price target earlier this year.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.