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Compared to Estimates, Marriott Vacations Worldwide (VAC) Q2 Earnings: A Look at Key Metrics
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Marriott Vacations Worldwide (VAC - Free Report) reported $1.14 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.2%. EPS of $1.10 for the same period compares to $2.19 a year ago.
The reported revenue represents a surprise of -6.33% over the Zacks Consensus Estimate of $1.22 billion. With the consensus EPS estimate being $1.99, the EPS surprise was -44.72%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Marriott Vacations Worldwide performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Cost reimbursements
: $378 million compared to the $362.02 million average estimate based on five analysts. The reported number represents a change of +6.5% year over year.
Revenue- Rental
: $153 million compared to the $151.88 million average estimate based on five analysts. The reported number represents a change of +4.8% year over year.
Revenue- Management and exchange
: $215 million compared to the $212.67 million average estimate based on five analysts. The reported number represents a change of +4.4% year over year.
Revenue- Sales of vacation ownership products
: $309 million versus $398.46 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -21% change.
Revenue- Financing
: $85 million versus $83.85 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
Shares of Marriott Vacations Worldwide have returned +4.3% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Marriott Vacations Worldwide (VAC) Q2 Earnings: A Look at Key Metrics
Marriott Vacations Worldwide (VAC - Free Report) reported $1.14 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.2%. EPS of $1.10 for the same period compares to $2.19 a year ago.
The reported revenue represents a surprise of -6.33% over the Zacks Consensus Estimate of $1.22 billion. With the consensus EPS estimate being $1.99, the EPS surprise was -44.72%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Marriott Vacations Worldwide performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Marriott Vacations Worldwide here>>>Revenue- Cost reimbursements
: $378 million compared to the $362.02 million average estimate based on five analysts. The reported number represents a change of +6.5% year over year.Revenue- Rental
: $153 million compared to the $151.88 million average estimate based on five analysts. The reported number represents a change of +4.8% year over year.Revenue- Management and exchange
: $215 million compared to the $212.67 million average estimate based on five analysts. The reported number represents a change of +4.4% year over year.Revenue- Sales of vacation ownership products
: $309 million versus $398.46 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -21% change.Revenue- Financing
: $85 million versus $83.85 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.Shares of Marriott Vacations Worldwide have returned +4.3% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.