Investing

Earnings Previews: DocuSign, Stitch Fix, Vail Resorts

Analysts are withholding judgment on the stock. Of 17 brokerages covering the shares, 15 have Hold ratings and just one rates the stock at Buy. At a share price of around $8.25, the upside potential based on a median price target of $11.00 is 33.3%. At the high target of $20.00, the upside potential is about 144%.

Fiscal third-quarter revenue is forecast at $493.71 million, down 4.5% sequentially and 7.8% lower year over year. Stitch Fix is expected to post an adjusted per-share loss of $0.54, compared to a loss of $0.28 in the prior quarter and a loss of $0.18 per share a year ago. For the full fiscal year ending in July, the adjusted net loss is forecast at $1.31, much worse than last year’s loss of $0.08 per share. Full-year revenue is forecast at $2.09 billion, down 0.7% compared to the prior year.

Stitch Fix is not expected to post a profit in 2022, 2023 or 2024. The stock’s 52-week range is $6.71 to $69.20. Stitch Fix does not pay a dividend, and the total shareholder return for the past year is negative 85.8%.

Vail Resorts

Since tumbling by 47% just six weeks after the coronavirus hit the United States, shares of Vail Resorts Inc. (NYSE: MTN) rose by 50% from that February 2020 starting point by last November. Since then, shares have fallen by about 30% and, for the entire period from February 2020 until Tuesday’s closing, the stock is up by about 5%. The company is expected to post results that are mostly in line with expectations, but analysts will be paying closer attention to sales of season passes for the ski season that begins later this year. Showing overall growth in a mature business is tricky.

Just 11 brokerages cover the company, and seven of those have a Hold rating. The other four rate the shares at Buy or Strong Buy. At a share price of around $257.70, the upside potential based on a median price target of $289.50 is about 12.3%. At the high price target of $379.00, the upside potential is 47%.


Fiscal third-quarter revenue is forecast at $1.16 billion, up 27.6% sequentially and about 30.0% year over year. Adjusted EPS are forecast at $9.01, up nearly 65% sequentially, and up about 34.1% year over year. For full fiscal 2022 ending in July, Vail Resorts is expected to post EPS of $8.15, up 126%, on sales of $2.49 billion, up 30.4%.

The stock trades at 31.6 times expected 2022 EPS, 28.8 times estimated 2023 earnings of $8.94 and 25.3 times estimated 2024 earnings of $10.24 per share. The stock’s 52-week range is $221.38 to $376.24. Vail Resorts pays an annual dividend of $1.76 (yield of 2.96%). The total shareholder return for the past year is negative 21.9%.

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