Marriott Vacations Worldwide Corp reports results for the quarter ended in March - Earnings Summary

Marriott Vacations Worldwide

07/05/2024 11:41

* Marriott Vacations Worldwide Corp  VAC.N  reported
quarterly
adjusted earnings of $1.80​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of $2.54.  The mean expectation of eight analysts
for the quarter was for earnings of $1.69 per share. Wall Street
expected results to range from $1.36  to $1.94 per share.
    * Revenue rose 2.2% to $1.20 billion from a year ago;
analysts
expected $1.17 billion. 
    * Marriott Vacations Worldwide Corp's reported EPS for the
quarter
was $1.22​.
    * The company reported quarterly net income of $47 million.
    * Marriott Vacations Worldwide Corp shares had fallen
by 9.5% this
quarter and gained 14.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the hotels,
motels &
cruise lines peer group is also "buy"

Wall Street's median 12-month price target for Marriott
Vacations Worldwide Corp is $115.50 
This summary was machine generated from LSEG data May 7 at 10:41
a.m. UTC. ​All figures in US dollars unless otherwise stated.
(For questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      1.69           1.80           Beat
 Dec. 31 2023      1.75           1.88           Beat
 Sep. 30 2023      2.16           1.20           Missed
 Jun. 30 2023      2.76           2.19           Missed