Peak Resorts Inc (SKIS) Releases Earnings Results, Misses Expectations By $-1.13 EPS

Peak Resorts Inc (SKIS) reported quarterly earnings results on Thursday, Jul-14-2016. The company reported $-0.50 earnings per share for the quarter, missing the analyst consensus estimate by $-1.13. Analysts had a consensus of $0.63. The company posted revenue of $45.50 million in the period, compared to analysts expectations of $43.21 million. The company’s revenue was down -3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.

Many Wall Street Analysts have commented on Peak Resorts Inc. Peak Resorts Inc was Upgraded by Macquarie to ” Outperform” on May 26, 2016.

Peak Resorts Inc closed down -0.09 points or -1.93% at $4.58 with 47,661 shares getting traded on Wednesday. Post opening the session at $4.6999, the shares hit an intraday low of $4.56 and an intraday high of $4.72 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 26, 2016, Christopher O’connor (director) purchased 183 shares at $3.99 per share price. According to the SEC, on Feb 26, 2016, Carl Kraus (director) purchased 168 shares at $3.99 per share price.

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. The Company also has an 18 hole golf course in West Dover Vermont. In addition it manages hotels in Bartlett New Hampshire and West Dover Vermont and operates a restaurant in Lake Harmony Pennsylvania. The Company’s ski resorts include Hidden Valley Snow Creek Paoli Peaks Mad River Boston Mills Brandywine Crotched Mountain Jack Frost Big Boulder Attitash Mount Snow Wildcat Mountain and Alpine Valley.

Peak Resorts Inc

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