Vail Resorts’ Upcoming Q4 Earnings Preview
<p>Deutsche Bank analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/MTN'>Vail Resorts, Inc. (NYSE:MTN)</a> ahead of the next week’s Q4 earnings report, expecting the company to provide initial 2023 guidance, along with an update on pass sales for the upcoming ski season. </p>
<p>Recall that in early June, the company indicated that pass sales were up 9% in units and 11% in dollars, which reflects a 7.4% price increase partly offset by a mix shift in favor of lower-priced pass products. </p>
<p>The analysts believe many on the buy-side are bracing for at least slight moderation in these numbers (potentially to the mid-single-digit range on units and high-single-digit range in dollars), with some investors thinking the update could be essentially unchanged from the June release. </p>
<p>The analysts believe the company’s updated numbers are likely to come in better than that, however; their view is that pace likely accelerated since June and they believe passes could be up in the mid-teens range on units and up in the 10% to 12% range on dollars. </p>
<p>The analyst lowered their price target on the company’s shares to $286 from $301, while reiterating their hold rating.</p>

NYSE:MTN