The 10-second takeaway
For the quarter ended Jan. 31 (Q2), Vail Resorts beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share expanded significantly.
Margins grew across the board.
Vail Resorts logged revenue of $422.5 million. The eight analysts polled by S&P Capital IQ expected sales of $415.2 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $373.3 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 $1.65. The nine earnings estimates compiled by S&P Capital IQ forecast $1.70 per share. GAAP EPS of $1.65 for Q2 were 30% higher than the prior-year quarter's $1.27 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 33.1%, 130 basis points better than the prior-year quarter. Operating margin was 25.2%, 230 basis points better than the prior-year quarter. Net margin was 14.3%, 190 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $472.4 million. On the bottom line, the average EPS estimate is $2.78.
Next year's average estimate for revenue is $1.11 billion. The average EPS estimate is $1.24.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 300 members out of 374 rating the stock outperform, and 74 members rating it underperform. Among 147 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 130 give Vail Resorts a green thumbs-up, and 17 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 $62.00.
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