Vail Resorts shares stumble after results miss

Vail Resorts

29/09/2023 19:25

Vail Resorts'  MTN.N  stock down 7.6% to 1-month low $223.92 on
Friday after the resort and lodging company reported fourth
quarter results that missed analyst estimates
    ** MTN on course for biggest daily pct decline since Jun 13,
2022
    ** Co said late Thursday Q4 net revenue rose 1% to $269.77
million, with net loss widening to $128.57 million and adj net
loss per share of $3.35 on rising operating expenses
    ** The mean analyst estimates for MTN's net revenue was
$283.2 million and adj net loss per share was $3.24 - LSEG data
    ** The current recommendation for 11 analysts covering MTN
is "hold", LSEG
    ** Following the report, Morgan Stanley raised its PT to
$276 and Deutsche Bank increased its PT to $272; median PT is
$273
    ** Stock now down 6% YTD with move on the session

 (Reporting by Chibuike Oguh in New York)
 ((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters
Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))