Oppenheimer Reiterates Outperform on Peak Resorts (SKIS) Following 1Q Results

September 9, 2016 10:05 AM EDT
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Price: $5.55 -2.63%

Rating Summary:
    4 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 17 | New: 13
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Oppenheimer reiterated an Outperform rating and $7.00 price target on Peak Resorts (NASDAQ: SKIS) following the company's 1Q earnings report. SKIS reported first-quarter revenues at $7.1M, vs. $9.3M estimates. EBITDA in 1Q17 was ($6.9M), relatively in line with ($6.5M) in 1Q16 and estimates of ($6.1M).

Analyst Ian Zaffino commented, "SKIS reported slightly soft results for 1Q17 (July), owing to warmer than expected weather partially offset by higher zip-line revenues once more normal weather patterns returned. Adjusted EPS for 1Q17 was ($0.56) vs. our ($0.58) estimate; EBITDA was ($6.9M) vs. our ($6.1M) forecast. Our FY2017E EBITDA of $33M is unchanged. Maintain Outperform."

For an analyst ratings summary and ratings history on Peak Resorts click here. For more ratings news on Peak Resorts click here.

Shares of Peak Resorts closed at $4.80 yesterday.

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