These Analysts Slash Their Forecasts On Vail Resorts After Weak Q3 Results
Portfolio Pulse from Avi Kapoor
Vail Resorts, Inc. (NYSE:MTN) reported weaker-than-expected Q3 results, missing both earnings and sales estimates. The company also cut its forward guidance for full-year 2024. Analysts from Mizuho and Stifel have subsequently lowered their price targets for the stock.
June 07, 2024 | 12:43 pm
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Vail Resorts reported weaker-than-expected Q3 results, missing both earnings and sales estimates. The company also cut its forward guidance for full-year 2024, citing lower-than-expected lift ticket visitation and demand outlook for Australian resorts. Analysts from Mizuho and Stifel have lowered their price targets for the stock.
The weaker-than-expected Q3 results and the reduction in forward guidance indicate potential challenges for Vail Resorts. The lowered price targets from analysts further suggest a negative short-term outlook for the stock.
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