Peak Resorts Inc (SKIS) Expected to Post Earnings of -$0.84 Per Share

Wall Street brokerages expect Peak Resorts Inc (NASDAQ:SKIS) to post earnings of ($0.84) per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Peak Resorts’ earnings, with the highest EPS estimate coming in at ($0.83) and the lowest estimate coming in at ($0.86). Peak Resorts posted earnings per share of ($0.66) in the same quarter last year, which would suggest a negative year-over-year growth rate of 27.3%. The company is expected to report its next earnings results on Thursday, December 6th.

On average, analysts expect that Peak Resorts will report full-year earnings of ($0.09) per share for the current fiscal year, with EPS estimates ranging from ($0.12) to ($0.05). For the next year, analysts forecast that the business will post earnings of $0.03 per share, with EPS estimates ranging from ($0.02) to $0.08. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Peak Resorts.

Peak Resorts (NASDAQ:SKIS) last posted its earnings results on Tuesday, September 11th. The company reported ($0.87) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.83) by ($0.04). Peak Resorts had a negative return on equity of 0.63% and a negative net margin of 1.41%. The firm had revenue of $7.01 million for the quarter, compared to the consensus estimate of $7.58 million.

SKIS has been the topic of several recent analyst reports. ValuEngine raised shares of Peak Resorts from a “hold” rating to a “buy” rating in a research report on Saturday, July 14th. Stifel Nicolaus lowered their price target on shares of Peak Resorts from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Zacks Investment Research cut shares of Peak Resorts from a “hold” rating to a “sell” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $6.15.

Shares of Peak Resorts stock traded up $0.05 during mid-day trading on Thursday, hitting $5.00. 6,497 shares of the stock were exchanged, compared to its average volume of 15,933. Peak Resorts has a 12 month low of $4.10 and a 12 month high of $5.78. The company has a debt-to-equity ratio of 2.92, a current ratio of 0.72 and a quick ratio of 1.02.

Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its holdings in shares of Peak Resorts by 40.4% in the 1st quarter. Wells Fargo & Company MN now owns 40,640 shares of the company’s stock worth $198,000 after purchasing an additional 11,700 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Peak Resorts by 150.5% in the 1st quarter. Russell Investments Group Ltd. now owns 160,190 shares of the company’s stock worth $776,000 after purchasing an additional 96,241 shares during the period. Rutabaga Capital Management LLC MA raised its holdings in shares of Peak Resorts by 22.5% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,281,522 shares of the company’s stock worth $6,408,000 after purchasing an additional 235,346 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Peak Resorts by 12.4% in the 2nd quarter. Renaissance Technologies LLC now owns 131,298 shares of the company’s stock worth $656,000 after purchasing an additional 14,477 shares during the period. 46.98% of the stock is currently owned by institutional investors.

About Peak Resorts

Peak Resorts, Inc, through its subsidiaries, owns, operates, and leases day and overnight drive ski resorts in the United States. Its resorts activities and amenities include skiing, snowboarding, terrain parks, tubing, dining, lodging, equipment rentals and sales, ski and snowboard instruction, zip lines, mountain coasters, mountain biking, hiking, and other summer activities.

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