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

Marriott Vacations Worldwide

02/11/2023 20:28

* Marriott Vacations Worldwide Corp  VAC.N  reported
quarterly
adjusted earnings of $1.20​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of $3.02.  The mean expectation of
seven analysts for the quarter was for earnings of $2.16 per
share. Wall Street expected results to range from $1.90 
to $2.67 per share.
    * Revenue fell 5.3% to $1.19 billion from a year ago;
analysts
expected $1.19 billion. 
    * Marriott Vacations Worldwide Corp's reported EPS for the
quarter
was $1.09​.
    * The company reported quarterly net income of $42 million.
    * Marriott Vacations Worldwide Corp shares had fallen
by 11.6%
this quarter and lost 33.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "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 $118.00 
This summary was machine generated from LSEG data November 2 at
08:27 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      2.16           1.20           Missed
 Jun. 30 2023      2.76           2.19           Missed
 Mar. 31 2023      1.94           2.54           Beat
 Dec. 31 2022      2.72           2.74           Beat