Vail Resorts Q2 EPS $5.76 Misses $5.98 Estimate, Sales $1.08B Miss $1.15B Estimate
Portfolio Pulse from Happy Mohamed
Vail Resorts (NYSE:MTN) reported Q2 earnings of $5.76 per share, missing the consensus estimate of $5.98, and sales of $1.08B, missing the estimate of $1.15B. This represents an earnings increase of 11.63% and a sales decrease of 2.18% from the same period last year.
March 11, 2024 | 8:06 pm
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NEGATIVE IMPACT
Vail Resorts reported lower-than-expected Q2 earnings and sales, with earnings per share at $5.76 vs. $5.98 expected and sales at $1.08B vs. $1.15B expected.
Missing both earnings and sales estimates typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The reported figures represent a significant miss from analyst expectations, which could lead to a lack of confidence among investors and a potential short-term decrease in the stock price of Vail Resorts.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100