Published On: Mon, Sep 12th, 2016

Peak Resorts Inc. (SKIS) Expected to Earn Q3 2017 Earnings of $0.63 Per Share

Peak Resorts Inc. (NASDAQ:SKIS) – Research analysts at Oppenheimer Holdings lifted their Q3 2017 earnings per share estimates for shares of Peak Resorts in a report issued on Friday. Oppenheimer Holdings analyst I. Zaffino now forecasts that the firm will earn $0.63 per share for the quarter, up from their previous estimate of $0.60. Oppenheimer Holdings also issued estimates for Peak Resorts’ Q4 2017 earnings at $0.81 EPS.
Several other research firms also recently weighed in on SKIS. Zacks Investment Research upgraded Peak Resorts from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 25th. FBR & Co reiterated a “buy” rating and set a $4.00 price target on shares of Peak Resorts in a research note on Monday, July 18th. Macquarie upgraded Peak Resorts from an “underperform” rating to an “outperform” rating in a research note on Thursday, May 26th. Finally, Janney Montgomery Scott reiterated a “buy” rating and set a $5.00 price target on shares of Peak Resorts in a research note on Sunday, July 17th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $6.25.
Shares of Peak Resorts (NASDAQ:SKIS) opened at 4.67 on Monday. The company’s market capitalization is $65.30 million. Peak Resorts has a 12-month low of $2.60 and a 12-month high of $7.70. The stock’s 50 day moving average price is $4.86 and its 200 day moving average price is $4.04.

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Peak Resorts (NASDAQ:SKIS) last released its quarterly earnings results on Thursday, September 8th. The company reported ($0.56) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.59) by $0.03. The company had revenue of $7.10 million for the quarter, compared to analysts’ expectations of $8.12 million. Peak Resorts had a negative return on equity of 6.12% and a negative net margin of 4.16%. The business’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.51) earnings per share.
Peak Resorts Company Profile
Peak Resorts, Inc is a holding company. The Company, through its subsidiaries, owns or leases, and operates day ski and overnight drive ski resorts in the United States. As of April 30, 2015, the Company operated 13 ski resorts, including five overnight drive ski resorts and eight day ski resorts located across six states, including Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire, and West Dover, Vermont.

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