These Analysts Revise Their Forecasts On Vail Resorts After Q3 Results

Vail Resorts, Inc. MTN reported weaker-than-expected results for its third quarter on Thursday.

Vail Resorts posted quarterly earnings of $8.18 per share, missing analysts’ estimates of $8.84 per share. The company’s quarterly sales came in at $1.24 billion versus expectations of $1.27 billion.

Vail Resorts said it sees FY23 net income of $251 million to $283 million.

Vail Resorts shares fell 5.5% to trade at $243.93 on Friday.

These analysts made changes to their price targets on Vail Resorts following earnings announcement.

• Credit Suisse lowered the price target on Vail Resorts from $333 to $321. Credit Suisse analyst Benjamin Chaiken maintained an Outperform rating.
• Truist Securities increased the price target on Vail Resorts from $262 to $263. Truist Securities analyst Patrick Maurice maintained a Hold rating.