Why Is Marriott Vacations Worldwide (VAC) Up 1.4% Since Last Earnings Report?

Zacks12-07

A month has gone by since the last earnings report for Marriott Vacations Worldwide (VAC). Shares have added about 1.4% in that time frame, underperforming the S&P 500. Will the recent positive trend ...

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Shares have added about 1.4% in that time frame, underperforming the S&P 500.\nWill the recent positive trend ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-marriott-vacations-worldwide-vac-163128680.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Is Marriott Vacations Worldwide (VAC) Up 1.4% Since Last Earnings Report?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Is Marriott Vacations Worldwide (VAC) Up 1.4% Since Last Earnings Report?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-07 00:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/why-marriott-vacations-worldwide-vac-163128680.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A month has gone by since the last earnings report for Marriott Vacations Worldwide (VAC). Shares have added about 1.4% in that time frame, underperforming the S&P 500.\nWill the recent positive trend ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-marriott-vacations-worldwide-vac-163128680.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VAC","symbol_name":"万豪度假环球","start_time":0,"source_url":"https://finance.yahoo.com/news/why-marriott-vacations-worldwide-vac-163128680.html","article_id":"2489252878","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/HIalcDlt7JZPKSITVlxPuw--~B/aD02MDA7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/c2fdcaac033e049c74f38d188afcc9f9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489252878","pubTimestamp":1733502688,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"A month has gone by since the last earnings report for Marriott Vacations Worldwide . Shares have added about 1.4% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Marriott Vacations Worldwide due for a pullback?Marriott Vacations Q3 Earnings Beat, '24 Adjusted EBITDA View Rises. Marriott Vacations reported excellent third-quarter 2024 results, with both adjusted earnings and revenues beating the Zacks Consensus Estimate and increasing year over year.The quarterly performance benefited from solid contributions from the Vacation Ownership segment, driven by increased tours, higher development, resort management and rental profit, partially offset by lower financing profit. Also, continued recovery from last year's Maui wildfires added to growth.Although total expenses were higher in the quarter than the prior-year level, leverage from the increased top line aided the bottom line to a great extent.Going","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"VAC":"万豪度假环球","RCL":"皇家加勒比邮轮"},"translate_title":"为什么万豪度假全球(VAC)自上次收益报告以来上涨了1.4%？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VAC":1,"RCL":0.9},"content_text":"A month has gone by since the last earnings report for Marriott Vacations Worldwide (VAC). Shares have added about 1.4% in that time frame, underperforming the S&P 500.\nWill the recent positive trend continue leading up to its next earnings release, or is Marriott Vacations Worldwide due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. \nMarriott Vacations Q3 Earnings Beat, '24 Adjusted EBITDA View Rises\nMarriott Vacations reported excellent third-quarter 2024 results, with both adjusted earnings and revenues beating the Zacks Consensus Estimate and increasing year over year.The quarterly performance benefited from solid contributions from the Vacation Ownership segment, driven by increased tours, higher development, resort management and rental profit, partially offset by lower financing profit. Also, continued recovery from last year's Maui wildfires added to growth.Although total expenses were higher in the quarter than the prior-year level, leverage from the increased top line aided the bottom line to a great extent.Going forward, the company aims to focus on accelerating growth and strengthening profitability. It targets to achieve annual cost efficiencies between $50 million and $100 million in the next couple of years.\nVAC’s Earnings & Revenue Discussion\nAdjusted earnings per share (EPS) of $1.80 surpassed the Zacks Consensus Estimate of $1.53 by 17.7%. In the year-ago quarter, it reported an adjusted EPS of $1.20.Quarterly revenues of $1.305 billion also surpassed the consensus mark of $1.268 billion by 2.9%. The top line increased 10% on a year-over-year basis.\nSegmental Performances of Marriott Vacations\nVacation Ownership: The segment’s revenues totaled $1.25 billion, up from $1.126 billion reported in the prior-year quarter.VAC’s Vacation Ownership total contract sales rose 5% year over year to $459 million.The segment’s adjusted EBITDA (earnings before interest, tax, depreciation and amortization) was $231 million, up 33% from $173 million in the year-ago quarter. Adjusted EBITDA margin expanded 430 basis points (bps) year over year to 30.1%.Exchange & Third-Party Management: Segmental revenues of $56 million declined year over year from $64 million. Revenues, excluding cost reimbursements, declined 10% year over year to $55 million.Total active interval international members were down 2% year over year to 1.55 million. Average revenue per member declined 1% on a year-over-year basis to $38.93.Adjusted EBITDA was $23 million, down 22% year over year. The segment’s adjusted EBITDA margin contracted 670 bps year over year to 43.1%.\nVAC’s Corporate & Other Results\nGeneral and administrative expenses totaled $62 million, up year over year from $57 million.Total expenses increased 7% year over year to $1.157 billion from $1.081 billion reported in the year-ago quarter.Adjusted EBITDA amounted to $198 million, up 32% year over year from $150 million.\nBalance Sheet of VAC\nAs of Sept. 30, Marriott Vacations’ cash and cash equivalents were $197 million compared with $248 million as of Dec. 31, 2023.At the end of the third quarter, the company had $3 billion of corporate debt and $2.2 billion of non-recourse debt related to its securitized notes receivable.\nRevised 2024 Outlook of Marriott Vacations\nManagement continues to anticipate contract sales to be in the range of $1.790-$1.825 billion compared with $1.772 billion in 2023.Adjusted EBITDA is now expected to be between $700 million and $720 million, up from the prior expected range of $685-$715 million. This compares with $761 million reported in 2023.Adjusted EPS is anticipated to be between $6.05 and $6.40 compared with the prior projection of $5.90-$6.45. This compares with adjusted EPS of $7.83 in 2023. Adjusted free cash flow is still projected to be in the range of $300-$340 million.\nHow Have Estimates Been Moving Since Then?\nIn the past month, investors have witnessed a downward trend in estimates review.\nThe consensus estimate has shifted -17.5% due to these changes.\nVGM Scores\nCurrently, Marriott Vacations Worldwide has an average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. However, the stock was allocated a grade of A on the value side, putting it in the top quintile for this investment strategy.\nOverall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.\nOutlook\nEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Marriott Vacations Worldwide has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.\nPerformance of an Industry Player\nMarriott Vacations Worldwide is part of the Zacks Leisure and Recreation Services industry. Over the past month, Royal Caribbean (RCL), a stock from the same industry, has gained 13.9%. The company reported its results for the quarter ended September 2024 more than a month ago.\nRoyal Caribbean reported revenues of $4.89 billion in the last reported quarter, representing a year-over-year change of +17.4%. EPS of $5.20 for the same period compares with $3.85 a year ago.\nRoyal Caribbean is expected to post earnings of $1.48 per share for the current quarter, representing a year-over-year change of +18.4%. Over the last 30 days, the Zacks Consensus Estimate has changed -1.2%.\nThe overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for Royal Caribbean. Also, the stock has a VGM Score of C.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nMarriott Vacations Worldwide Corporation (VAC) : Free Stock Analysis Report\nRoyal Caribbean Cruises Ltd. (RCL) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2489252878"}