On Monday, Vail Resorts Inc. (NYSE:MTN) shares declined by more than 3%, extending Friday’s post-earnings losses. The company announced its most recent quarterly results Thursday after the close, missing the consensus analyst estimate on revenue. However, Its earnings came out higher than the average for Street estimates. Vail also announced a quarterly dividend of $0.88 per share implying a forward yield of 1.07.
The company posted FQ1 GAAP earnings per share of -$3.44, outperforming the consensus for analyst expectations of -$3.56. On the other hand, revenue for the quarter increased by 33.2% from the same quarter last year to $175.58 million, missing the average analyst estimate by $17.19 million.
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Vail Resorts still expects a fiscal-year 2022 revenue in the range of $785 million to $835 million, in line with the previous forecast.
Should you bet on Vail Resorts’ growth?
From an investment perspective, Vail Resorts shares trade at a reasonable forward P/E ratio of 34.51, making it an interesting option for value investors.
In addition, analysts forecast the company’s earnings per share to grow by nearly 30% this year, before increasing at an average annual rate of 56.68% over the next five years.
Therefore, the stock could be an exciting option for long-term growth investors.
Technically, the Vail Resorts stock seems to be trading within a descending channel formation in the intraday chart. As a result, the stock has declined to find support at the 100-day moving average.
Therefore, investors could target potential rebound profits at about $345.65, or higher at $360.39, while $311.84 and $296.23 are crucial support zones.
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