Vail Resorts, Inc. (NYSE:MTN) Fiscal Fourth-Quarter Earnings Preview

Vail Resorts, Inc. (NYSE:MTN) is a leading operator of mountain resorts and urban ski areas, known for its popular season passes, including the Epic Pass, which offers access to numerous ski destinations. Competing with other ski resort operators like Alterra Mountain Company and Boyne Resorts, Vail Resorts is set to release its fiscal fourth-quarter earnings on September 29, 2025.

Wall Street estimates that MTN will report a loss of $4.78 per share for the quarter. This represents a 2.4% decline compared to the same period last year, when the company reported an adjusted loss per share of $4.67. Despite the anticipated loss, MTN's revenue is projected to increase by 1.7% year-over-year, reaching approximately $270 million. This growth is largely driven by increased sales of season passes and Epic Day Passes. In the previous quarter, Vail Resorts exceeded the Zacks Consensus Estimate for adjusted earnings by 5.4%.

Over the last four quarters, the company has surpassed earnings expectations three times, with an average surprise of 2.7%. The Zacks Consensus Estimate for the fiscal fourth-quarter loss per share has been revised slightly, narrowing to $4.78 from $4.80 over the past month. This indicates that analysts have maintained their initial forecasts, as highlighted by Zacks.

MTN's financial metrics reveal a price-to-sales ratio of 1.87, suggesting the market values the company at nearly 1.87 times its sales. The enterprise value to sales ratio is around 2.71, reflecting the company's total valuation relative to its sales. The company's debt-to-equity ratio is approximately 3.30, indicating a higher level of debt compared to its equity. Additionally, the current ratio is around 0.61, suggesting potential challenges in covering short-term liabilities with short-term assets. These financial metrics provide insight into MTN's valuation and financial health as it prepares to release its earnings report.