Peak Resorts (SKIS) Misses Q1 EPS by 9c, Beats on Revenues

Peak Resorts (NASDAQ: SKIS) reported Q1 EPS of ($0.64), $0.09 worse than the analyst estimate of ($0.55). Revenue for the quarter came in at $7.5 million versus the consensus estimate of $7.21 million.

First-Quarter 2018 Highlights and Outlook:

• Revenue of $7.5 million, an increase of 6% over the prior year period
• Net loss was $8.6 million, or 64 cents per share (basic and diluted)
• Reported EBITDA* was ($8.3) million
• Cash and cash equivalents of $26.9 million
• Commitment for renewed $15 million acquisition and new $10 million working capital lines of credit
• West Lake Water project on track for 2017/2018 ski season opening

For earnings history and earnings-related data on Peak Resorts (SKIS) click here.

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