Street View: Vail Resorts hit by challenging weather conditions

Vail Resorts

10/03/2026 12:51

** Ski resort operator Vail Resorts MTN.N missed second-quarter profit estimates on Monday and cut annual net income forecast due to challenging weather conditions

** Median PT of 12 brokerages covering the stock is $165 - data compiled by LSEG

TOUGH WEATHER CONDITIONS

** Stifel (cuts PT to $172 from $175) says MTN remains hard to assess amid "historically bad" conditions; notes co's management called out early signs of improvement from strategic moves under returning CEO Rob Katz, including keeping overall pass pricing stable while using more targeted discounts

** Brokerage lowers FY26 resort adj. EBITDA forecast to $826 million from $764 million

** Truist (cuts PT to $217 from $234) notes season‑to‑date lift ticket sales are slowing more than expected; adds sales were down ~1.8% in January from a year earlier, with the decline widening to ~3.6% by March

** Brokerage cuts FY26 EBITDA forecast to $770 million from $858 million, FY27 EBITDA forecast to $907 million from $929 million

** Mizuho (cuts PT to $200 from $202) says Q2 revenue hurt by very low snowfall in Colorado, which led to fewer visitors; adds Colorado resorts are expensive to run and have high fixed costs, so fewer visits hurt their profits more than cheaper resorts

** Brokerage says MTN will benefit from about $45 million in lower expenses next year

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))