Vail Resorts, Inc. (NYSE:MTN) reported better-than-expected sales for its first quarter on Monday.
The company posted a quarterly loss of $4.61 per share which beat the analyst consensus estimate of a loss of $5.05 per share. The company reported quarterly sales of $260.27 million which beat the analyst consensus estimate of $254.00 million.
Kirsten Lynch, Chief Executive Officer, said, "Our first fiscal quarter historically operates at a loss, given that our North American and European mountain resorts are generally not open for ski season. The quarter's results were driven by winter operations in Australia and summer activities in North America, including sightseeing, dining, retail, lodging, and administrative expenses."
Vail Resorts raised its FY25 net income guidance from $224 million-$300 million to $240 million-$316 million.
Vail Resorts shares slipped 0.02% to close at $190.67 on Monday.
These analysts made changes to their price targets on Vail Resorts following earnings announcement.
- Mizuho analyst Ben Chaiken maintained Vail Resorts with an Outperform and raised the price target from $222 to $227.
- Morgan Stanley analyst Megan Alexander maintained the stock with an Equal-Weight and raised the price target from $182 to $197.
- Barclays analyst Brandt Montour maintained Vail Resorts with an Underweight and raised the price target from $155 to $165.
Considering buying MTN stock? Here's what analysts think:
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