Vail Resorts Posts $54 Million Q4 Loss, but Still Beats View (MTN)

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Ski resort operator Vail Resorts, Inc. ( MTN ) on Tuesday posted better-than-expected fiscal fourth quarter earnings results, despite a substantial quarterly net loss.

The Broomfield, CO-based company reported a fiscal fourth quarter net loss of $53.79 million, or -$1.50, per share, compared with a loss of $53.91 million, or -$1.49 per share, in the year-ago period.

Revenue rose 4.5% from last year to $113.54 million.

On average, Wall Street analysts expected a worse loss of -$1.56 per share, on smaller revenue of $107.18 million.

Looking ahead, MTN forecast full-year earnings to range from $50 million to $60 million.

Vail Resorts shares rose $1.33, or +2.5%, in premarket trading Tuesday.

The Bottom Line
Shares of Vail Resorts ( MTN ) have a 1.42% dividend yield, based on last night's closing stock price of $52.73. The stock has technical support in the $46-$50 price area. If the shares can firm up, we see overhead resistance around the $55-$57 price levels.

Vail Resorts, Inc. ( MTN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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