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Vail Resorts

Vail Resorts Inc Bhd is a resorts and casinos company that operates mountain resorts and ski areas. The company has three business segments that include Mountain, Lodging, and Real Estate. The Mountain segment operates numerous ski resort properties that offer a variety of winter and summer activities, such as skiing, snowboarding, snowshoeing, hiking, and mountain biking. The Lodging segment owns and operates hotels and condominiums. The Real Estate segment owns, develops, and leases real estate, typically near its other properties. The company generates the vast majority of its revenue within the United States.

Vail Resorts Inc

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Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) reported its fourth-quarter financial results after Thursday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/09/n41055812/vail-resorts-reports-fiscal-2024-fourth-quarter-and-full-year-results-and-provides-fiscal-2025-out">details from the report.&nbsp;</a>
The Details: Vail Resorts reported quarterly losses of $4.67 per share, which missed the analyst consensus estimate for losses of $4.25. Quarterly revenue clocked in at $265.39 million, which beat the analyst consensus estimate of $264.54 million.
&#8220;Our overall results for the year highlight the stability and resilience of our advance commitment strategy,&#8221; said Vail Resorts CEO Kirsten Lynch.
&#8220;Skier visitation declined 9.5% compared to the prior year, driven by unfavorable conditions across our resorts in North America and Australia, combined with the impact of broader industry normalization post-COVID following record visitation in North America during the 2022/2023 ski season,&#8221; Lynch noted. 
&#8220;In North America, snowfall across our western resorts was down 28% from the prior year and our eastern U.S. resorts experienced limited natural snow and variable temperatures,&#8221; she added.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41036580/expect-healthy-online-spending-this-holiday-season-says-analyst-what-to-know">Expect Healthy Online Spending This Holiday Season, Says Analyst: What To Know</a>&nbsp;
The company also announced a $100 million <a href="https://www.benzinga.com/pressreleases/24/09/n41055841/vail-resorts-announces-two-year-transformation-plan-to-enable-the-next-phase-of-growth-and-global-">transformation plan</a> which includes position eliminations impacting less than 2% of the company&#8217;s total workforce. The workforce reduction includes 14% of its corporate workforce and less than 1% of the company&#8217;s operations workforce, with a 0.2% impact on frontline roles. 
&#8220;We believe this is a natural progression and next step for our company, that builds upon our success and paves the way for the next phase of growth,&#8221; said Lynch. &#8220;Our mission: to create an Experience of a Lifetime for our employees and our guests, galvanizes our company, as does our commitment to reinvesting for growth.&#8221;
Outlook: Vail Resorts sees fiscal year 2025 revenue of $3.03 billion, versus the $3.01 billion estimate. 
MTN Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Vail Resorts shares are down 0.77% after-hours at $186.50 at the time of publication Thursday.&nbsp;
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<li><a href="https://www.benzinga.com/news/24/09/41028294/whats-going-on-with-snowflake-stock">What&#8217;s Going On With Snowflake Stock?</a></li>
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Vail Resorts Reports Mixed Q4 Results, Announces $100 Million Transformation Plan

Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) reported quarterly losses of $(4.67) per share which missed the analyst consensus estimate of $(4.25) by 9.88 percent. This is a 39.4 percent decrease over losses of $(3.35) per share from the same period last year. The company reported quarterly sales of $265.39 million which beat the analyst consensus estimate of $264.54 million by 0.32 percent. This is a 1.62 percent decrease over sales of $269.77 million the same period last year.

CORRECTION: Vail Resorts Q4 EPS $(4.67) Misses $(4.25) Estimate, Sales $265.39M Beat $264.54M Estimate

Vail Resorts Expects $100M In Annualized Cost Efficiencies By FY26-End, Through Scaled Operations, Global Shared Services, Expanded Workforce Management

Vail Resorts Reveals Two-year Plan To Transform Company For Future Growth And Global Expansion; Plans Position Eliminations Impacting Less Than 2% Of Total Workforce

The following table reconciles Resort net revenue to Resort EBITDA Margin for the year ended July&nbsp;31, 2024 and fiscal 2025 guidance.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">
(In thousands)
(Unaudited)
</td>
<td colspan="1" rowspan="1">
(In thousands)
(Unaudited)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Twelve Months Ended July 31, 2024</td>
<td colspan="1" rowspan="1">Fiscal 2025 Guidance (2)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Resort net revenue (1)</td>
<td colspan="1" rowspan="1">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,880,487</td>
<td colspan="1" rowspan="1">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,031,000</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Resort Reported EBITDA (1)</td>
<td colspan="1" rowspan="1">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 825,090</td>
<td colspan="1" rowspan="1">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 866,000</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Resort EBITDA margin (1)</td>
<td colspan="1" rowspan="1">28.6&nbsp;%</td>
<td colspan="1" rowspan="1">28.6&nbsp;%</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="3" rowspan="1">(1) Resort represents the sum of Mountain and Lodging</td>
</tr>
<tr>
<td colspan="3" rowspan="1">(2) Represents the mid-point of Guidance</td>
</tr>
</tbody>
</table>
</figure>

Vail Resorts Sees FY25 Revenue $3.03B Vs $3.01B Est.

Micron, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) <a href="https://www.benzinga.com/news/earnings/24/09/41034733/micron-q4-earnings-revenue-eps-beat-on-robust-ai-demand-company-sees-significantly-improved-profita">earnings</a> could revitalize the sagging market momentum, with the index futures trading notably higher early Thursday. The risk-on mood was evident across the global markets as China&#8217;s commitment to stimulate the domestic economy encouraged traders. The markets also have several Main Street catalysts to consider, including weekly jobless claims data and inflation measures from the second-quarter GDP report. A slew of Federal Reserve officials are due to make speeches, which could potentially offer clues toward the interest-rate trajectory.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+1.38%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.78%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.47%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.87%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) climbed 0.79% to $574.55 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) jumped 1.44% to $492.82, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks ended Tuesday&#8217;s session on a mixed note, as wary traders either stepped to the sidelines or took some profits off the table ahead of the flurry of data due over the next two days and Micron&#8217;s earnings that came out after the market closed. IT and utility stocks rose, while the remaining 11 sector classes pulled back. Energy and healthcare stocks were among the worst performers of the session.
The Nasdaq Composite ended marginally higher, advancing for a third straight session, while the S&amp;P 500 Index and the Dow Industrials retreated from their record highs.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.04%</td>
<td>18,082.21</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>0.19%</td>
<td>5,722.26</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.70%</td>
<td>41,914.75</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.17%</td>
<td>2,223.99</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
The market could remain lackadaisical until the election, according to Fund Strat&#8217;s Tom Lee. The Fed rate cut is historically positive three to six months out but what stocks do in the next month is a bit of a coin flip, the strategist <a href="https://x.com/CNBCClosingBell/status/1839029917742219408">said</a> in an interview with CNBC. 
Some repositioning took place and the market is now looking ahead to the election, which is just 40 days away, he said. 
Lee noted that most wealth managers and family offices he spoke to hinted at unwillingness to commit capital until after election day. &#8220;I don't think it matters who wins; It&#8217;s just they want to get that event behind,&#8221; he added.
The strategist said in election years, the November and December rallies are pretty tremendous, and when the gains are over 10% in the first half of the year, the November-December rallies get bigger, he said. &#8220;I am bullish into year-end but I'm a little less confident about how markets behave into election day and not that I think we're going to have a huge drawdown,&#8221; he added. 
&#8220;I also don't think we can make new highs and then see the market blast off after election day. So I'd rather sort of say things look a lot better after election day,&#8221; Lee said.
A Morgan Stanley strategist looked ahead to what&#8217;s in store after the first rate cut in the current monetary policy cycle. Chief Investment Officer, Morgan Stanley Wealth Management, Lisa Shalett said corporate fundamentals will now need to come into sharper focus, though expectations are already ambitious.
Given this backdrop, she advised investors to consider reducing ultra-short and money market positions in favor of locking in longer-dated rates. The equal-weighted S&amp;P 500 Index may provide better risk-adjusted exposure than its market-cap-weighted counterpart, she said. The strategist also flagged financial services, industrials, energy, healthcare and materials, as well as parts of technology such as software as compelling opportunities. Defensive ideas in residential REITs and utilities, and non-U.S. assets also could work in the current environment, she said.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data:
<ul>
<li>The Labor Department is scheduled to release the customary jobless claims data at 8:30 a.m. EDT. Economists, on average, expect the number of individuals claiming unemployment benefits to rise to 223,000 in the week ended Sept. 21, up from 219,000 in the previous week.</li>
<li>The Commerce Department is due to release its durable goods orders report for August at 8:30 a.m. EDT. The consensus estimate calls for a 3% month-over-month drop in durable goods orders compared to a 9.8% jump in the previous month.</li>
<li>The Bureau of Economic Analysis will release the final second-quarter GDP report at 8:30 a.m. EDT. The second-quarter growth is expected to be left unrevised at 3%. </li>
<li>The National Association of Realtors is due to release its pending home sales index for August at 10 a.m. EDT. The consensus estimate is for a 1% month-over-month increase for August, reversing some of the 5.5% drop in the previous month.</li>
</ul>
Fed speeches scheduled for the day include:
<ul>
<li>Fed Governor Adriana Kugler and Boston Fed President Susan Collins at 9:10 a.m. EDT</li>
<li>Fed Governor Michelle Bowman at 9:15 a.m. EDT</li>
<li>Fed Chair Jerome Powell at 9:20 a.m. EDT (at the 2024 U.S. Treasury Market Conference)</li>
<li>New York Fed&nbsp;President John Williams&nbsp;at 9:25 a.m. EDT</li>
<li>&nbsp;Fed Vice Chair for Supervision Michael Barr&nbsp;at 10:30 a.m. EDT</li>
<li>Fed Governor Lisa Cook&nbsp;at 10:30 a.m. EDT</li>
<li>Minneapolis Fed President Neel Kashkari and Barr at 1 p.m. EDT</li>
</ul>
Stocks In Focus:
<ul>
<li>Micron jumped over 15% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s quarterly results announcement.</li>
<li>Also moving on earnings are H.B. Fuller Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>) (down about 9%), Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) (down over 5%) and Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) (up about 4%.</li>
<li>Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), CarMax, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) and Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) are among the companies due to <a href="https://www.benzinga.com/calendars/earnings">announce their financial results before the market opens</a>.</li>
<li>Those reporting after the close include BlackBerry Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>), Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) and Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures fell sharply and have dropped below the $69-a-barrel level, and gold futures pushed higher and are in record territory. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has gained moderately and is approaching the $64K level. The 10-year Treasury note edged down slightly to 3.772%.
The global markets were in a sea of green, with Hong Kong, China and Japan closing notably higher, as sentiment received a boost from China&#8217;s stimulus announcements. To add to the buoyancy, Bloomberg reported that China is considering injecting up to 1 trillion yuan($142.39 billion) of capital into its biggest state banks to facilitate lending. The European markets also advanced strongly in early trading.
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US Stocks Set For Strong Start, Micron Jumps, China Commits More Stimulus: Strategist Flags 'Tremendous' Gains Near Term

Morgan Stanley analyst Megan Alexander maintains Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) with a Equal-Weight and raises the price target from $179 to $182.

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Morgan Stanley Maintains Equal-Weight on Vail Resorts, Raises Price Target to $182

Stifel analyst Jeffrey Stantial reiterates Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) with a Buy and lowers the price target from $259 to $223.

Reiteration

Stifel Reiterates Buy on Vail Resorts, Lowers Price Target to $223

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
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<li>TD Cowen cut the price target for Domino&#8217;s Pizza, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) from $520 to $475. TD Cowen analyst Andrew Charles maintained a Buy rating. Domino&#8217;s shares fell 0.5% to close at $402.52 on Friday. <a href="https://www.benzinga.com/quote/DPZ/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc raised the price target for Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) from $420 to $440. Keybanc analyst Justin Patterson maintained an Overweight rating. Spotify shares rose 0.1% to close at $337.90 on Friday. <a href="https://www.benzinga.com/quote/SPOT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wedbush boosted Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>) price target from $425 to $440. Wedbush analyst Nick Setyan maintained an Outperform rating. Wingstop shares fell 0.2% to close at $394.81 on Friday. See how other analysts view this stock.</li>
<li>Evercore ISI Group cut Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) price target from $225 to $200. Evercore ISI Group analyst Mark Mahaney maintained an Outperform rating. Alphabet shares rose 1.8% to close at $157.46 on Friday.<a href="https://www.benzinga.com/quote/GOOGL/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. raised the price target for Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) from $30 to $45. HC Wainwright &amp; Co. analyst Mitchell Kapoor maintained a Buy rating. Summit Therapeutics gained 16.5% to close at $31.93 on Friday. <a href="https://www.benzinga.com/quote/SMMT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Deutsche Bank slashed Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) price target from $218 to $194. Deutsche Bank analyst Chris Woronka maintained a Hold rating. Vail Resorts shares rose 1% to close at $180.00 on Friday. <a href="https://www.benzinga.com/quote/MTN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keefe, Bruyette &amp; Woods cut Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) price target from $50 to $44. Keefe, Bruyette &amp; Woods analyst Sanjay Sakhrani maintained an Outperform rating. Ally Financial shares rose 0.4% to close at $32.97 on Friday. <a href="https://www.benzinga.com/quote/ALLY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley increased the price target for ONEOK, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>) from $103 to $111. Morgan Stanley analyst Robert Kad upgraded the stock from Equal-Weight to Overweight. ONEOK shares rose 1% to close at $91.37 on Friday. <a href="https://www.benzinga.com/quote/OKE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler slashed e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) price target from $260 to $162. Piper Sandler analyst Korinne Wolfmeyer maintained an Overweight rating. e.l.f. Beauty shares rose 1.7% to close at $116.63 on Monday. <a href="https://www.benzinga.com/quote/ELF/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Loop Capital raised RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) price target from $230 to $320. Loop Capital analyst Anthony Chukumba maintained a Hold rating. RH shares rose 25.5% to close at $321.87 on Friday. <a href="https://www.benzinga.com/quote/RH/analyst-ratings">See how other analysts view this stock.</a></li>
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<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="512" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16083502/image-120-1024x512.png" alt="" class="wp-image-549511" style="width:518px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16083502/image-120-1024x512.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16083502/image-120-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16083502/image-120-768x384.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16083502/image-120.png 1333w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Deutsche Bank analyst Chris Woronka maintains Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) with a Hold and lowers the price target from $218 to $194.

Deutsche Bank Maintains Hold on Vail Resorts, Lowers Price Target to $194

Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) has outperformed the market over the past 20 years by 3.27% on an annualized basis producing an average annual return of 11.74%. Currently, Vail Resorts has a market capitalization of $6.53 billion. 
Buying $1000 In MTN: If an investor had bought $1000 of MTN stock 20 years ago, it would be worth $9,071.24 today based on a price of $173.44 for MTN at the time of writing.
<h3>Vail Resorts's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720641766_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Vail Resorts Stock In The Last 20 Years

In the current market session, Vail Resorts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) price is at $183.09, after a 1.04% spike. However, over the past month, the stock decreased by 9.85%, and in the past year, by 27.89%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1718197207_0.png" alt="Past Year Chart" />

<h3>Vail Resorts P/E Compared to Competitors</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Vail Resorts has a lower P/E than the aggregate P/E of 29.02 of the Hotels, Restaurants &amp; Leisure industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1718197208_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Price Over Earnings Overview: Vail Resorts

On June 10, Angela A Korch, EVP &amp; Chief Financial Officer at Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) executed a significant insider buy, as disclosed in the latest SEC filing.
What Happened: Korch demonstrated confidence in Vail Resorts by purchasing 575 shares, as reported in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000812011/000081201124000064//Archives/edgar/data/812011/000081201124000064/0000812011-24-000064-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value of the transaction is $101,315.
During Tuesday's morning session, Vail Resorts shares up by 0.18%, currently priced at $180.49.
<h3>About Vail Resorts</h3>
Vail Resorts Inc Bhd is a resorts and casinos company that operates mountain resorts and ski areas. The company has three business segments that include Mountain, Lodging, and Real Estate. The Mountain segment operates numerous ski resort properties that offer a variety of winter and summer activities, such as skiing, snowboarding, snowshoeing, hiking, and mountain biking. The Lodging segment owns and operates hotels and condominiums. The Real Estate segment owns, develops, and leases real estate, typically near its other properties. The company generates the vast majority of its revenue within the United States.
<h3>Vail Resorts's Financial Performance</h3>
Revenue Growth: Vail Resorts displayed positive results in 3 months. As of 30 April, 2024, the company achieved a solid revenue growth rate of approximately 3.62%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 58.16%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 9.57, Vail Resorts showcases strong earnings per share.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 2.95, Vail Resorts adopts a prudent financial strategy, indicating a balanced approach to debt management.
Valuation Metrics: A Closer Look
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 23.93 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 2.38 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry benchmarks at 10.98, Vail Resorts presents an attractive value opportunity.
</li>
</ul>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
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<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
It's important to note that insider transactions alone should not dictate investment decisions, but they can provide valuable insights.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000812011">Check Out The Full List Of Vail Resorts's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Vail Resorts Insider Trades SendAa Signal

Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) shares are trading lower Friday afternoon after the company reported weaker-than-expected third-quarter financial results and <a href="https://www.benzinga.com/news/earnings/24/06/39216757/vail-resorts-stock-slides-on-q3-earnings-what-you-need-to-know">revised its full-year 2024 guidance downward.</a>
What To Know: The company posted quarterly earnings of $9.54 per share, missing market estimates of $10.03 per share. The company's sales came in at $1.28 billion, below the expected $1.30 billion.
As a result of disappointing spring visitation and lowered expectations for its Australian resorts, Vail Resorts reduced its forward guidance for full-year 2024. The company now anticipates Resort Reported EBITDA to be between $833 million and $851 million and net income attributable to Vail Resorts to be between $224 million and $256 million.
Related Link: <a href="https://www.benzinga.com/news/earnings/24/06/39216757/vail-resorts-stock-slides-on-q3-earnings-what-you-need-to-know">Vail Resorts Stock Slides On Q3 Earnings: What You Need To Know</a>
Analyst Changes: Following the earnings report, several analysts adjusted their price targets for Vail Resorts:
<ul>
<li>JP Morgan: Downgraded the stock from Neutral to Underweight and reduced the price target from $217 to $176.</li>
<li>Morgan Stanley: Maintained an Equal-Weight rating and lowered the price target from $229 to $179.</li>
</ul>
Related Link: <a href="https://www.benzinga.com/news/earnings/24/06/39226073/these-analysts-slash-their-forecasts-on-vail-resorts-after-weak-q3-results">These Analysts Slash Their Forecasts On Vail Resorts After Weak Q3 Results</a>
Vail Price Action: Vail Resorts shares were down by 12.2% at $170.96 at the time of writing, according to Benzinga Pro.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="536" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/07131634/MTN-1024x536.png" alt="" class="wp-image-377465" style="width:654px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/07131634/MTN-1024x536.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/07131634/MTN-300x157.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/07131634/MTN-768x402.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/07131634/MTN.png 1405w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
See Also: <a href="https://www.benzinga.com/news/24/06/39225632/vail-resorts-posts-downbeat-q3-results-joins-concrete-pumping-docusign-and-other-big-stocks-moving-l">Vail Resorts Posts Downbeat Q3 Results, Joins Concrete Pumping, DocuSign And Other Big Stocks Moving Lower In Friday&#8217;s Pre-Market Session</a>
Image: Courtesy of Vail resorts Inc.

Why Are Vail Resorts Shares Down 12.2% Friday

Wall Street returned to reclaim record highs on Friday after a <a href="https://www.benzinga.com/news/large-cap/24/06/39225961/job-market-booms-in-may-payrolls-surge-more-than-expected-wages-increase">stronger-than-expected jobs report.</a>
In May, the increase in non-farm payrolls rose by 272,000 units, a jump from 165,000 and significantly higher than the economists&#8217; consensus of 180,000. Hourly wages also surprised on the upside (4.1% year-on-year versus 3.9%), while unemployment came in slightly higher than expected (4% vs. 3.9%).
The hotter-than-expected labor market data sparked a reassessment in rate-cut hopes, with traders closing the door on a July cut, lowering bets on September and currently expecting only one <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39230693/blowout-may-jobs-data-closes-the-door-on-a-july-rate-cut-6-economists-make-best-gue">cut by year-end.</a>
The move in rate expectations triggered sharp increases in bond yields, with Treasuries witnessing about a 10-basis-point rise in yields across maturities. This lead to sharp drops in fixed-income markets, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) down 1.8%.
Investors opted to look at the brighter side of the jobs report, as a stronger job market means a resilient economy, pushing back fears of a slowdown and thus reigniting the risk-assets rally. 
Both the S&amp;P 500 and the Nasdaq 100 index reached fresh all-time highs during the session. Blue chips were flat, while small caps tumbled 0.8%.
The U.S. dollar index (DXY), as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), rallied 0.8%, eyeing its strongest session since late April.
The rising greenback generated heavy bearish pressure on commodities, with gold down 2.6% and silver plummeting nearly 6% on its worst day since February 2021. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was flat at $70,880.
<h1 class="wp-block-heading">Friday&#8217;s Performance On Major US Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,083.89</td>
<td>0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,368.01</td>
<td>0.3%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,934.67</td>
<td>0.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,032.91</td>
<td>-0.8%</td>
</tr>
</tbody>
</table>
</figure>
According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.3% higher to $536.27.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;was 0.2% up to $390.22.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(ARCA: <a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a>QQQ) rose 0.4% to $465.35.</li>
<li>Sector-wise, the&nbsp;Financials Staples Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)&nbsp;outperformed, up by 0.8%, while the&nbsp;Materials Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>) lagged, down 0.8%.</li>
</ul>
<h1 class="wp-block-heading">Friday&#8217;s Stock Movers</h1>
<ul>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) plummeted over 30% after missing quarterly results. The meme stock failed to rally minutes after Keith Gill — alias the &#8220;Roaring Kitty&#8221; — started his YouTube livestream.</li>
<li>AMC Entertainment Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) fell nearly 15%. </li>
<li>Mining-related stocks fell heavily with Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), Agnico Eagle Mines Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) and Freeport-McMoRan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) tumbling 5%, 6.9% and 4.5%, respectively.</li>
<li>Stocks reacting to earnings included Vail Resorts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>), down 12%, Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>), down 13%, DocuSign Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>), down 5% and Braze Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>) up 2%.</li>
</ul>
Read Now: <a href="https://www.benzinga.com/markets/equities/24/06/39231962/roaring-kitty-draws-600k-live-viewers-in-youtube-return-im-alive">Roaring Kitty Draws 600K Live Viewers In YouTube Return: &#8216;I&#8217;m Alive!&#8217; (UPDATED)</a>
Photo: Shutterstock

Large Cap

Macro Economic Events

Mid Cap

Sector ETFs

Bonds

Broad U.S. Equity ETFs

Emerging Markets

Commodities

Small Cap

Econ #s

Tech

ETFs

BRZE

SPDR Dow Jones Industrial Average ETF Trust

DOCU

iShares Trust Barclays 20+ Year Treasury Bond Fund

PowerShares DB US Dollar Index Bullish Fund

Stocks Reclaim Record Highs As Jobs Data Fuels Growth Optimism; Gold, Bonds Tumble As Yields Rise: What's Driving Markets Friday?

Barclays analyst Brandt Montour maintains Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) with a Underweight and lowers the price target from $201 to $161.

Barclays Maintains Underweight on Vail Resorts, Lowers Price Target to $161

Shares of GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) fell sharply during Friday's session after the company released worse-than-expected first-quarter results before schedule and filed to <a href="https://www.benzinga.com/news/earnings/24/06/39224137/gamestop-releases-q1-results-ahead-of-roaring-kitty-event-files-prospectus-to-raise-capital-via-equ">sell up to 75 million shares</a>.
GameStop released its first-quarter 2024 results early Friday ahead of its scheduled June 11 date. The company reported net sales of $881.8 million, down from $1.237 billion year-over-year. The net sales total missed a consensus estimate of $995.3 million. The company reported a loss of 12 cents per share, missing the estimate of a loss of 9 cents per share, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
GameStop shares dipped 22.5% to $36.07 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Trinity Place Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPHS#NYSE">TPHS</a>) jumped 165.4% to $0.3220 after declining around 11% on Thursday.</li>
<li>Leafly Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFLY#NASDAQ">LFLY</a>) shares gained 91.6% to $3.87.</li>
<li>Venus Concept Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) shares jumped 87.5% to $1.1606 on continued upward momentum after the stock regained Nasdaq compliance.</li>
<li>Asensus Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASXC#NASDAQ">ASXC</a>) climbed 40.1% to $0.3291 after the company announced it will be acquired by KARL STORZ for $0.35 per share in cash.</li>
<li>Faraday Future Intelligent Electric Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) gained 29.3% to $0.7032.</li>
<li>Geron Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GERN#NASDAQ">GERN</a>) shares jumped 26% to $4.90 as the company reported the FDA approval of RYTELO&#x2122; (imetelstat), a first-in-class telomerase inhibitor, for the treatment of adult patients with lower-risk MDS with transfusion-dependent anemia.</li>
<li>China Liberal Education Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) gained 23.4% to $2.4899.</li>
<li>American Oncology Network, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AONC#NASDAQ">AONC</a>) gained 22.6% to $2.0850. American Oncology Network recently announced the opening of Low Country Radiation in Waycross, Georgia.</li>
<li>MAIA Biotechnology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAIA#NASDAQ">MAIA</a>) rose 21.2% to $4.0249. The company unveiled compelling efficacy data from its Phase 2 THIO-101 clinical trial.</li>
<li>ChromaDex Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDXC#NASDAQ">CDXC</a>) gained 19.2% to $3.41 after the company received exclusive FDA Orphan Drug Designation and Rare Pediatric Disease Designation for Nicotinamide Riboside Chloride in the treatment of Ataxia Telangiectasia.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) rose 18.8% to $4.11.</li>
<li>Oddity Tech Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODD#NASDAQ">ODD</a>) gained 18.3% to $43.49 after the company approved a share buyback and raised its Q2 guidance.</li>
<li>Universe Pharmaceuticals INC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPC#NASDAQ">UPC</a>) jumped 14.3% to $2.64</li>
<li>Presto Automation Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRST#NASDAQ">PRST</a>) rose 14.1% to $0.0866 after declining 27% on Thursday.</li>
<li>Yext, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) gained 14.7% to $5.42. Yext is said to hire investment bankers to explore strategic alternatives, including a sale, Reuters reported.</li>
<li>Argan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGX#NYSE">AGX</a>) jumped 11.1% to $76.78 after the company reported better-than-expected first-quarter financial results.</li>
<li>Planet Labs PBC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) gained 9.6% to $1.9950 following better-than-expected quarterly earnings.</li>
<li>Braze, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>) rose 4.2% to $38.32 following better-than-expected first-quarter earnings.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Biomea Fusion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMEA#NASDAQ">BMEA</a>) shares dipped 65.6% to $3.87 after the United States Food and Drug Administration (FDA) imposed a full clinical hold on its Phase I/II trials for BMF-219, a diabetes treatment.</li>
<li>Barnes &amp; Noble Education, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) fell 35.3% to $0.2101 after the company announced final results of rights offering.</li>
<li>Scinai Immunotherapeutics Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCNI#NASDAQ">SCNI</a>) fell 31.3% to $2.7474. Scinai Immunotherapeutics regained compliance with Nasdaq minimum bid price requirement.</li>
<li>Volcon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VLCN#NASDAQ">VLCN</a>) fell 29.3% to $9.90. Volcon recently announced a 1-for-100 reverse stock split.</li>
<li>Latam Logistic Properties, S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPA#NYSE">LPA</a>) shares fell 26.4% to $34.69 after jumping 49% on Thursday.</li>
<li>Hywin Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HYW#NYSE">HYW</a>) dipped 24.7% to $0.4670.</li>
<li>MicroAlgo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLGO#NASDAQ">MLGO</a>) shares fell 24.2% to $4.24. MicroAlgo recently announced that it entered into convertible note purchase agreements with certain investors.</li>
<li>Actelis Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) dipped 23% to $1.5101. Actelis announced closing of exercise of warrants for $3 million gross proceeds.</li>
<li>Semtech Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) dipped 19.6% to $30.54 after the company announced it has appointed a new President and CEO and reaffirmed Q2 2025 guidance.</li>
<li>Gorilla Technology Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRRR#NASDAQ">GRRR</a>) fell 19.3% to $4.7699 after announcing a $12 million registered direct offering.</li>
<li>Bright Green Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGXX#NASDAQ">BGXX</a>) shares fell 18.7% to $0.2851 after declining around 8% on Thursday.</li>
<li>Seres Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCRB#NASDAQ">MCRB</a>) declined 18.7% to $0.6916. Canaccord Genuity analyst John Newman maintained Seres Therapeutics with a Buy and lowered the price target from $15 to $10.</li>
<li>CEA Industries Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEAD#NASDAQ">CEAD</a>) dipped 18% to $6.65.</li>
<li>Oil-Dri Corporation of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ODC#NYSE">ODC</a>) fell 17.3% to $68.57 following third-quarter results.</li>
<li>mF International Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MFI#NASDAQ">MFI</a>) fell 17.1% to $1.07.</li>
<li>Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) shares declined 13.6% to $167.50 after the company reported weaker-than-expected results for its third quarter on Thursday.</li>
<li>Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) shares dipped 13.4% to $30.17 after the company reported first-quarter earnings.</li>
<li>Moving iMage Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MITQ#NYSE">MITQ</a>) fell 10.3% to $0.6001 after declining 33% on Thursday. Moving iMage Technologies was recently awarded a multi-million dollar contract.</li>
<li>Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) declined 10.2% to $17.56.</li>
<li>Sify Technologies Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIFY#NASDAQ">SIFY</a>) fell 10.1% to $0.8001 as the company announced commencement of its previously announced rights offering.</li>
<li>Harmony Gold Mining Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMY#NYSE">HMY</a>) fell 9.2% to $8.36. Shares of precious metals companies traded lower amid a decline in gold and silver following US economic data.</li>
<li>Concrete Pumping Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBCP#NASDAQ">BBCP</a>) shares dipped 8% to $6.93 after posting weaker-than-expected second-quarter results.</li>
<li>Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) tumbled 8% to $24.75.</li>
<li>American Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSWA#NASDAQ">AMSWA</a>) declined 7.5% to $9.55 following quarterly results. B. Riley Securities analyst Zach Cummings maintained American Software with a Buy and lowered the price target from $16 to $14.</li>
<li>DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) shares fell 7.4% to $50.57. DocuSign reported better-than-expected earnings for its first quarter and the company&#8217;s board also authorized a $1 billion increase to its existing stock repurchase program. The company said it sees second-quarter billings in the range of $715 million to $725 million.</li>
<li>Impinj, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) fell 7.1% to $153.03.</li>
<li>Gen Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEN#NASDAQ">GEN</a>) declined 5.2% to $24.13 after Morgan Stanley downgraded the stock from Overweight to Equal-Weight and lowered its price target from $28 to $27.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/06/39226995/over-2m-bet-on-this-tech-stock-check-out-these-4-stocks-insiders-are-buying">Over $2M Bet On This Tech Stock? Check Out These 4 Stocks Insiders Are Buying</a>

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Why GameStop Shares Are Trading Lower By Over 22%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Morgan Stanley analyst Megan Alexander maintains Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) with a Equal-Weight and lowers the price target from $229 to $179.

Morgan Stanley Maintains Equal-Weight on Vail Resorts, Lowers Price Target to $179

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>JP Morgan analyst Matthew Boss downgraded the rating for Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) from Neutral to Underweight, while cutting the price target from $217 to $176. Vail Resorts shares gained 0.6% to close at $193.95 on Thursday. <a href="https://www.benzinga.com/quote/MTN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst Hamza Fodderwala downgraded Gen Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEN#NASDAQ">GEN</a>) from Overweight to Equal-Weight and slashed the price target from $28 to $27. Gen Digital shares fell 0.1% to settle at $25.44 on Thursday. <a href="https://www.benzinga.com/quote/GEN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler analyst Joseph Catanzaro downgraded the rating for Halozyme Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HALO#NASDAQ">HALO</a>) from Overweight to Neutral, but raised the price target from $48 to $51. Halozyme Therapeutics shares rose 12.7% to settle at $51.44 on Thursday. See how other analysts view this stock. <a href="https://www.benzinga.com/quote/HALO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities analyst Neal Dingmann downgraded Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) from Buy to Hold and cut the price target from $146 to $124. Exxon Mobil shares rose 0.8% to close at $113.97 on Thursday. <a href="https://www.benzinga.com/quote/XOM/analyst-ratings">See how other analysts view this stock.</a></li>
<li>William Blair analyst Tim Mulrooney downgraded the rating for Concrete Pumping Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBCP#NASDAQ">BBCP</a>) from Outperform to Market Perform. Concrete Pumping shares rose 0.7% to settle at $7.53 on Thursday. <a href="https://www.benzinga.com/quote/BBCP/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/06/39224737/wall-streets-most-accurate-analysts-weigh-in-on-3-risk-off-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Risk Off Stocks Delivering High-Dividend Yields</a>

Downgrades

HALO

This Exxon Mobil Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

JP Morgan analyst Matthew Boss downgrades Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) from Neutral to Underweight and lowers the price target from $217 to $176.

JP Morgan Downgrades Vail Resorts to Underweight, Lowers Price Target to $176

Vail Resorts looking for more Alpine acquisitions - Bloomberg

The Top Five short crowded stocks in each U.S. sector

Analyst Megan Alexander of Morgan Stanley maintained a Hold rating on Vail Resorts (MTN – Research Report), boosting the price target to $182.00. M...

Vail Resorts: A Hold Rating Amidst Cautious FY25 EBITDA Projections and Pass Sales Concerns

Vail Resorts Q4 2024 Earnings Preview

Today, several major companies are expected to report earnings: Accenture (ACN), CarMax (KMX), Costco (COST), Jabil (JBL), BlackBerry (BB), Scholas...

Options Volatility and Implied Earnings Moves Today, September 26, 2024

Here's the major earnings after the close today

Vail Resorts GAAP EPS of $6.07 misses by $0.41, revenue of $2.88B in-line

Vail Resorts FY GAAP EPS of $6.07 misses by $0.41, revenue of $2.88B in-line

Vail Resorts ( ($MTN) ) just unveiled an update. Vail Resorts, Inc. has unveiled a two-year plan to enhance resource efficiency and achieve $100 mi...

Vail Resorts Announces Savings Plan and Shareholder Value Measures

Vail Resorts to undertake business transformation, cut workforce; reports FQ4 results

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Press Releases

Vail Resorts Announces Fiscal 2024 Third Quarter Earnings Release Date

Vail Resorts Reports Fiscal 2024 Third Quarter Results, Provides Updated Fiscal 2024 Guidance, and Provides Early Season Pass Sales Results

The National Brotherhood of Snowsports Selects Keystone Resort for 2025 Annual Summit

Entertainment

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Whistler Blackcomb Announces 2024/25 Winter Season Opening Date & September Epic Pass Deadline Details

Vail Resorts Announces 24/25 Winter Season Opening Dates and Epic Pass Labor Day Deadline Details

Vail Resorts Announces Fiscal 2024 Year-End Earnings Release Date

Vail Resorts Reports Fiscal 2024 Fourth Quarter and Full Year Results and Provides Fiscal 2025 Outlook

Vail Resorts Announces Two-Year Transformation Plan to Enable the Next Phase of Growth and Global Expansion

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