The 10-second takeaway
For the quarter ended April 30 (Q3), Vail Resorts beat slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue improved slightly and GAAP earnings per share grew.
Gross margins dropped, operating margins dropped, and net margins improved.
Vail Resorts booked revenue of $421.1 million. The eight analysts polled by S&P Capital IQ expected sales of $413.3 million on the same basis. GAAP reported sales were 1.6% higher than the prior-year quarter's $414.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $2.17. The 10 earnings estimates compiled by S&P Capital IQ forecast $2.18 per share. GAAP EPS of $2.17 for Q3 were 4.3% higher than the prior-year quarter's $2.08 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 41.3%, 40 basis points worse than the prior-year quarter. Operating margin was 33.4%, 90 basis points worse than the prior-year quarter. Net margin was 18.9%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $107.2 million. On the bottom line, the average EPS estimate is -$1.58.
Next year's average estimate for revenue is $1.01 billion. The average EPS estimate is $0.36.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 311 members rating the stock outperform and 65 members rating it underperform. Among 149 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 139 give Vail Resorts a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Vail Resorts is outperform, with an average price target of $52.71.
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