Vail Resorts, Inc (NYSE: MTN) will release earnings results for the fourth quarter, after the closing bell on Monday, Sept. 29.Analysts expect the Broomfield, Colorado-based company to report a quarterly loss at $4.72 per share, versus a year-ago loss of $4.67 per share. Vail Resorts projects quarterly revenue of $276.17 million, compared to $265.39 million a year earlier, according to data from Benzinga Pro.On June 5, Vail Resorts reported third-quarter revenue of $1.29 billion, narrowly missing estimates ...

Earnings Expectations - Carnival Corp (NYSE: CCL) is expected to report quarterly earnings of $1.32 per share on revenue of $8.10 billion [2] - Progress Software Corp (NASDAQ: PRGS) is anticipated to post earnings of $1.30 per share on revenue of $240.11 million [2] - Jefferies Financial Group Inc (NYSE: JEF) is projected to report quarterly earnings of 80 cents per share on revenue of $1.92 billion [2] - Vail Resorts Inc (NYSE: MTN) is expected to report a quarterly loss of $4.75 per share on revenue of $273.91 million [2] Stock Movements - Carnival shares increased by 0.1% to $30.65 in after-hours trading [2] - Progress Software shares rose by 0.4% to $42.20 in after-hours trading [2] - JFB Construction Holdings (NASDAQ: JFB) shares surged by 95.5% to $13.39 following a $44 million private placement announcement [2] - Vail Resorts shares gained 0.6% to $148.58 in after-hours trading [2] - Jefferies Financial shares slightly declined to $66.70 in after-hours trading [2]

Core Insights - Vail Resorts, Inc. is a prominent operator in the mountain resort and urban ski area industry, recognized for its popular season passes like the Epic Pass, and is set to announce its fiscal fourth-quarter earnings on September 29, 2025 [1] Financial Performance - Wall Street estimates a loss of $4.78 per share for the upcoming quarter, a 2.4% decline from the adjusted loss of $4.67 per share reported in the same period last year [2] - Despite the expected loss, revenue is projected to increase by 1.7% year-over-year, reaching approximately $270 million, driven by higher sales of season passes and Epic Day Passes [2] - Over the last four quarters, the company has exceeded earnings expectations three times, with an average surprise of 2.7% [3] - The Zacks Consensus Estimate for the fiscal fourth-quarter loss per share has been slightly revised to $4.78 from $4.80, indicating stability in analysts' forecasts [3] Financial Metrics - The price-to-sales ratio for Vail Resorts is 1.87, indicating the market values the company at nearly 1.87 times its sales [4] - The enterprise value to sales ratio stands at approximately 2.71, reflecting the company's total valuation relative to its sales [4] - The debt-to-equity ratio is around 3.30, suggesting a higher level of debt compared to equity [4] - The current ratio is approximately 0.61, indicating potential challenges in covering short-term liabilities with short-term assets [4]

Key Takeaways Vail Resorts to report fiscal fourth-quarter results on Sept. 29, after market close.The Zacks Consensus Estimate for revenues is up 1.7% year over year to $270 million. Season Pass and Epic Day Pass growth are likely to have lifted traffic and spending. Vail Resorts, Inc. ((MTN) is scheduled to report its fourth-quarter fiscal 2025 results on Sept. 29, after the closing bell.In the last quarter, its adjusted earnings beat the Zacks Consensus Estimate by 5.4%. Notably, MTN delivered better-tha ...

Core Viewpoint - Vail Resorts (MTN) is expected to report a quarterly loss of -$4.78 per share, a decline of 2.4% year over year, with revenues forecasted at $269.98 million, reflecting a 1.7% increase compared to the previous year [1] Financial Estimates - Analysts predict 'Net Revenue- Lodging net revenue' will reach $88.25 million, indicating a year-over-year change of -1.3% [4] - 'Net Revenue- Mountain net revenue' is expected to be $179.08 million, showing a change of +1.8% from the prior-year quarter [4] - The combined 'Net Revenue- Resort net revenue' is estimated at $267.74 million, suggesting a change of +0.9% year over year [4] Specific Revenue Components - 'Net Revenue- Mountain net revenue- Other' is projected at $71.77 million, reflecting a -5.4% change from the year-ago quarter [5] - 'Net Revenue- Lodging net revenue- Managed condominium rooms' is expected to be $10.46 million, indicating a -0.3% year-over-year change [5] - 'Net Revenue- Mountain net revenue- Retail/rental' is forecasted at $26.29 million, showing an increase of +8.2% from the prior-year quarter [6] - 'Net Revenue- Mountain net revenue- Dining' is estimated at $20.51 million, indicating a +14.2% change from the prior-year quarter [6] - 'Net Revenue- Mountain net revenue- Ski school' is projected at $10.27 million, reflecting an +8.2% year-over-year change [7] - 'Net Revenue- Mountain net revenue- Lift' is expected to be $44.64 million, indicating a -7.5% change from the prior-year quarter [7] Lodging and Mountain Metrics - 'Lodging - Managed condominium statistics - RevPAR' is expected to reach $46.15, slightly down from $46.30 year-ago value [8] - 'Lodging - Owned hotel statistics - RevPAR' is forecasted at $178.07, compared to $175.22 in the same quarter last year [8] - 'Mountain - ETP' is estimated at $59.70, down from $69.04 reported in the same quarter last year [8] Stock Performance - Over the past month, shares of Vail Resorts have returned -8%, while the Zacks S&P 500 composite has increased by +3.1% [9] - Currently, MTN holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the overall market in the near future [9]

Core Viewpoint - Vail Resorts presents an attractive dividend yield of around 6%, but the investment case hinges on cash-flow growth potential and business momentum rather than yield alone [3][9]. Group 1: Company Overview - Vail Resorts operates a global network of ski areas, supported by the Epic Pass, with a competitive advantage due to regulatory challenges in establishing new resorts [2]. - The stock has faced struggles despite its iconic assets, making it a candidate for investors' watchlists [2]. Group 2: Recent Performance and Financials - In Q3 of fiscal 2025, Vail reported flat resort net revenue year-over-year and a slight 1% decrease in EBITDA, attributed to pre-sold pass revenue despite a decline in skier visits [5]. - The company updated its fiscal-year resort reported EBITDA guidance to a range of $831 million to $851 million, reflecting cost discipline and a resource efficiency plan [6]. - Cash from operations for the trailing nine months was approximately $726 million, allowing for capital expenditures, share repurchases, and dividends [7]. Group 3: Dividend and Shareholder Returns - Vail's annual dividend payments amount to roughly $330 million, with future increases contingent on significant cash flow growth [9]. - The stock trades at 6.3 times the midpoint of management's EBITDA forecast, indicating a reasonable valuation for a capital-intensive operator [10]. - The company also engages in stock buybacks, with an expanded buyback authorization to retire shares when deemed valuable [11]. Group 4: Investment Considerations - The current dividend, supported by strong cash generation, is appealing for income-focused investors, but it is not guaranteed to grow automatically [13]. - Investors should monitor pass sales and early season trends for signs of improvement before making investment decisions [13].

Core Points - Vail Resorts, Inc. will release its financial results for the fiscal year ended July 31, 2025, after market close on September 29, 2025 [1] - A conference call will be held at 5:00 p.m. eastern time on the same day to discuss the financial results [1] - The call will be accessible via the company's website and through a dedicated telephone line [2] Financial Information - The company has announced a pricing of $500 million in senior notes offering [6] Company Overview - Vail Resorts operates a network of ski resorts including Vail Mountain, Breckenridge, and Whistler Blackcomb, among others [4] - The company aims to achieve a zero net operating footprint by 2030 and supports its employees and communities [4] - Vail Resorts also manages a collection of hotels and retail locations across North America [4]

Core Viewpoint - Vail Resorts offers an attractive dividend yield exceeding 5%, but the stock has underperformed in recent years due to various challenges affecting visitation and overall performance [1][2]. Financial Performance - The latest quarterly results indicate mixed performance, with a reduction in full-year guidance due to weaker-than-expected spring lift-ticket visitation. However, profitability remains solid, with expected EBITDA between $831 million and $851 million and net income between $264 million and $298 million [4]. - The company declared a quarterly dividend of $2.22 per share, reinforcing its commitment to shareholder returns despite a significant debt load, with net interest expenses projected between $167 million and $171 million [5]. Market Trends - Season pass trends show a 1% decline in units sold for the 2025 to 2026 season, while revenue from season passes increased by approximately 2%, indicating a shift towards higher pricing [6]. - Leadership changes, including the return of Rob Katz as CEO, aim to address operational challenges and improve capital allocation following shareholder pressure [7]. Valuation and Dividend Sustainability - The current stock price of around $159 implies a dividend yield of about 5.5%, which is appealing for a premium leisure brand [8]. - The high payout ratio raises concerns, as the projected earnings per share could be in the low $8 range, making the annual dividend of $8.88 exceed expected GAAP earnings. However, free cash flow is significantly higher than net income, suggesting the dividend can be maintained if cash flow remains strong [9][10]. Risks and Considerations - Operational risks include weather variability and visitation trends, which could impact financial results. The recent CEO change may signal a need for faster improvements [11]. - The stock is valued at 20 times earnings, reflecting weak performance and inherent risks. Long-term investors may find the current price justifiable if visitation stabilizes and cash flow remains healthy, but more conservative investors might prefer to wait for clearer signs of growth [12].

Core Points - Vail Resorts announced target opening dates for the 2025/26 ski season across North America and Europe, with the Epic Pass available at the lowest price until September 1, 2025 [1][3][17] - The Epic Pass offers access to over 90 resorts worldwide, including 42 owned and operated by Vail Resorts, with no advance reservations required for the 2025/26 season [17][18] - New features in the My Epic app will enhance the Ski and Ride School experience, allowing for real-time updates and tracking [8][9] Group 1: Resort Openings and Enhancements - Keystone will open as early as October, with other resorts following in November, and the season lasting until May at select locations [3][5] - Whistler Blackcomb will celebrate its 60th anniversary with new experiences and events, while Park City Mountain will debut the new Sunrise Gondola [6][7][11] - Andermatt-Sedrun-Disentis in Switzerland will add two new six-seater chairlifts to improve connectivity and reduce wait times [12] Group 2: Ticketing and Pass Options - Vail Resorts introduced "Epic Friend Tickets," offering 50% off lift tickets for friends of Epic Pass holders, with 6-10 tickets available based on the purchase date [14][15] - The 2025/26 Epic Pass is priced at $1,075 for adults and $548 for children, while the Epic Local Pass is $799 for adults and $416 for children [17][18] - Epic Passes include benefits such as discounts on food, lodging, and rentals, as well as access to the My Epic app for convenient mountain experiences [20][21] Group 3: Events and Celebrations - The upcoming season will feature world-class competitions, including the Birds of Prey event at Beaver Creek, serving as an Olympic qualifier [13] - Special celebrations for milestone anniversaries are planned across various resorts, enhancing the guest experience [11] Group 4: Company Overview - Vail Resorts operates a network of premier ski resorts and is committed to sustainability with a goal of achieving a zero net operating footprint by 2030 [24]

Business Strategy - Vail Resorts' CEO is introducing 50% off lift tickets [1] - A slew of other changes are being implemented [1] Market Trends - Epic Pass sales are slowing [1] - Visitation numbers are slowing [1]