These Analysts Revise Their Forecasts On Vail Resorts After Q3 Results

Financial Performance - Vail Resorts reported third-quarter revenue of $1.29 billion, slightly missing estimates of $1.3 billion [1] - The company reported third-quarter earnings of $10.54 per share, exceeding estimates of $10.12 per share [1] Operational Insights - CEO Rob Katz noted that the stability from the season pass program helped maintain Resort net revenue, excluding Crans-Montana, consistent with the prior year despite a 7% decline in visitation [2] - The company anticipates fiscal 2025 net income attributable to Vail Resorts to be between $264 million and $298 million, and Resort Reported EBITDA for fiscal 2025 to be between $831 million and $851 million [2] Stock Performance and Analyst Ratings - Vail Resorts shares fell 3.9% to trade at $149.00 following the earnings announcement [2] - Truist Securities analyst Patrick Scholes maintained a Buy rating but lowered the price target from $247 to $244 [6] - Morgan Stanley analyst Megan Alexander maintained an Equal-Weight rating and reduced the price target from $152 to $146 [6] - Mizuho analyst Ben Chaiken maintained an Outperform rating and raised the price target from $215 to $216 [6]