Financial News
Marriott Vacations (VAC) To Report Earnings Tomorrow: Here Is What To Expect
Vacation ownership company Marriott Vacations (NYSE:VAC) will be announcing earnings results tomorrow after the bell. Here’s what to expect.
Marriott Vacations missed analysts’ revenue expectations by 5.9% last quarter, reporting revenues of $1.14 billion, down 3.2% year on year. It was a disappointing quarter for the company, with underwhelming earnings guidance for the full year and a miss of analysts’ operating margin estimates.
Is Marriott Vacations a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Marriott Vacations’s revenue to grow 6.5% year on year to $1.26 billion, a reversal from the 5.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.60 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Marriott Vacations has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Marriott Vacations’s peers in the travel and vacation providers segment, some have already reported their Q3 results, giving us a hint as to what we can expect. American Airlines delivered year-on-year revenue growth of 1.2%, meeting analysts’ expectations, and Norwegian Cruise Line reported revenues up 10.7%, topping estimates by 1.4%. American Airlines’s stock price was unchanged after the results, and Norwegian Cruise Line’s price followed a similar reaction.
Read our full analysis of American Airlines’s results here and Norwegian Cruise Line’s results here.
Investors in the travel and vacation providers segment have had steady hands going into earnings, with share prices up 2% on average over the last month. Marriott Vacations is up 5.7% during the same time and is heading into earnings with an average analyst price target of $89.85 (compared to the current share price of $78.14).
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