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Marriott Vacations Worldwide Corporation (VAC - Free Report) operates as a vacation ownership company. The company markets and manages vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands, The Ritz-Carlton Destination Club brand, The Ritz-Carlton Residences brand.
Marriott Vacations continues to benefit from positive timeshare industry trends and has been able to maintain a steady flow of clients by offering tours to diverse locations and programs with greater outreach.
The company has been recording higher contract sales and rental revenues lately. Also, volume per guest – sales volume for a given period divided by the number of groups toured – for Marriott Vacations continues to increase backed by strong marketing initiatives.
However, as the timeshare industry is extensively marketing-oriented and relies heavily on sales initiatives to attract customers, the company’s increased marketing expenses have been pressurizing margins.
Investors should note that the consensus estimate for VAC has moved slightly upwards over the last 60 days. Meanwhile, VAC’s earnings have been mixed over the past few quarters. The company has posted negative earnings surprises in two of the last four quarters, with an average miss of 5.60%. Moreover, revenues have missed the Zacks Consensus Estimate in all of the trailing four quarters.
Marriot Vacations Worldwide Corporation Price and EPS Surprise
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: VAC beats on earnings. Our consensus earnings estimate called for earnings per share of $1.18 and the company reported earnings of $1.22 per share. Investors should note that these figures take out stock option expenses.
Revenues: VAC reported revenues of $487.5 million. This surpassed our consensus estimate of $479 million.
Key Stats to Note: In first-quarter 2017, North America volume per guest (VPG) increased 5.6% year over year.
Stock Price Impact: In-active in pre-market trading.
Check back for our full write up on this VAC earnings report!
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Marriott Vacations (VAC) Tops Q1 Earnings & Revenues
Marriott Vacations Worldwide Corporation (VAC - Free Report) operates as a vacation ownership company. The company markets and manages vacation ownership and related products under the Marriott Vacation Club and Grand Residences by Marriott brands, The Ritz-Carlton Destination Club brand, The Ritz-Carlton Residences brand.
Marriott Vacations continues to benefit from positive timeshare industry trends and has been able to maintain a steady flow of clients by offering tours to diverse locations and programs with greater outreach.
The company has been recording higher contract sales and rental revenues lately. Also, volume per guest – sales volume for a given period divided by the number of groups toured – for Marriott Vacations continues to increase backed by strong marketing initiatives.
However, as the timeshare industry is extensively marketing-oriented and relies heavily on sales initiatives to attract customers, the company’s increased marketing expenses have been pressurizing margins.
Investors should note that the consensus estimate for VAC has moved slightly upwards over the last 60 days. Meanwhile, VAC’s earnings have been mixed over the past few quarters. The company has posted negative earnings surprises in two of the last four quarters, with an average miss of 5.60%. Moreover, revenues have missed the Zacks Consensus Estimate in all of the trailing four quarters.
Marriot Vacations Worldwide Corporation Price and EPS Surprise
Marriot Vacations Worldwide Corporation Price and EPS Surprise | Marriot Vacations Worldwide Corporation Quote
VAC currently has a Zacks Rank #3 (Hold) but that could change following Marriott Vacations’ earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: VAC beats on earnings. Our consensus earnings estimate called for earnings per share of $1.18 and the company reported earnings of $1.22 per share. Investors should note that these figures take out stock option expenses.
Revenues: VAC reported revenues of $487.5 million. This surpassed our consensus estimate of $479 million.
Key Stats to Note: In first-quarter 2017, North America volume per guest (VPG) increased 5.6% year over year.
Stock Price Impact: In-active in pre-market trading.
Check back for our full write up on this VAC earnings report!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>