Vail Resorts Q1 Preview: Web Traffic Is Up, But Skiers Want Cheaper Passes

Vail Resorts Inc (NYSE:MTN) is scheduled to report its fiscal first-quarter results on Wednesday.

Investors are likely to focus on season pass trends and commentary on early season performance, according to BofA Securities.

The Vail Resorts Analyst: Analyst Shaun Kelley reiterated a Neutral rating and price target of $165.

The Vail Resorts Thesis: EpicPass unit growth is likely to have improved slightly from the previous quarter, "given the acceleration in our web traffic data," Kelly said in the note.

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He added, however, that dollar growth may have remained largely flat with a "mix shift to lower frequency and less expensive passes in the last selling period."

Vail Resorts is unlikely to change its full-year guidance this early in the season, the analyst stated.

Inntopia data through Oct. 31 shows a weaker start but a strong finish to the year, he further said.

MTN Price Action: Shares of Vail Resorts had risen by 0.83% to $145.14 at the time of publication on Tuesday.

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