Vail Resorts (MTN) Tops Q2 EPS by $1.36

Vail Resorts (NYSE: MTN) reported Q2 EPS of $3.62, $1.36 better than the analyst estimate of $2.26. Revenue for the quarter came in at $684.6 million versus the consensus estimate of $641.95 million.

Outlook:

Katz said, "As we approach the end of the North American ski season, we are providing guidance for the nine month period ending April 30, 2021. We expect net income attributable to Vail Resorts, Inc. to be between $204 million and $247 million and Resort Reported EBITDA is expected to be between $560 million and $600 million, assuming current regulations, health and safety precautions and that levels of demand and normal conditions persist through the spring, consistent with current levels. Given the ongoing uncertainty of COVID-19, we will not be providing full year guidance for fiscal 2021 at this time as we continue to evaluate the potential economic and operational impacts of COVID-19 on our fiscal 2021 fourth quarter results, particularly for our three resorts in Australia and our primary summer operations in North America, which we currently anticipate fully opening around our typical opening dates with certain capacity constraints associated with COVID-19."

For earnings history and earnings-related data on Vail Resorts (MTN) click here.

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