03:05 PM EDT, 09/16/2025 (MT Newswires) -- Vail Resorts ( MTN ) is poised to report better-than-expected fiscal Q4 earnings before interest, tax, depreciation and amortization, aided by a decent Australian ski season and easier comparisons over a two-year period, UBS Securities said in a Tuesday note.

UBS said it estimates fiscal Q4 resort EBITDA loss of $124 million, versus consensus of $125 million loss and the company's guidance range of $137 million to $117 million loss. For fiscal Q1, UBS said it expects resort EBITDA loss of $145 million, but added that a better finish to the ski season in Australia could provide some upside.

Additionally, UBS said that forward booking data showed fiscal Q2 booking trends faring "slightly better", with November tracking down 40 basis points while December and January occupancy up 60 and 110 basis points, respectively, compared to last year.

Vail Resorts ( MTN ) is expected to report its fiscal Q4 results on Sept. 29.

UBS maintained a neutral rating on the company with a $169 price target.

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