The 10-second takeaway
For the quarter ended Oct. 31 (Q1), Vail Resorts met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP loss per share expanded.
Margins dropped across the board.
Vail Resorts recorded revenue of $116.4 million. The seven analysts polled by S&P Capital IQ looked for revenue of $116.7 million on the same basis. GAAP reported sales were 0.0% lower than the prior-year quarter's $116.4 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 -$1.70. The eight earnings estimates compiled by S&P Capital IQ predicted -$1.58 per share. GAAP EPS were -$1.70 for Q1 versus -$1.54 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was -50.4%, 290 basis points worse than the prior-year quarter. Operating margin was -77.6%, 520 basis points worse than the prior-year quarter. Net margin was -52.1%, 420 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $431.9 million. On the bottom line, the average EPS estimate is $1.82.
Next year's average estimate for revenue is $1.13 billion. The average EPS estimate is $1.53.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 307 members out of 379 rating the stock outperform, and 72 members rating it underperform. Among 144 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 131 give Vail Resorts a green thumbs-up, and 13 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 $64.56.
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