Marriot Vacations Worldwide Cor Up 1.19% To $141.60 After Earnings Beat

Marriott Vacations Worldwide Corp (VAC) beat out earnings estimates for Q2 2022 this afternoon.

Wall Street earnings per share (EPS) projections for Marriot Vacations Worldwide Cor were at $2.27. The company beat those estimates with an EPS of $2.87. The earnings per share of $2.87 (which represents a -26% EPS surprise) led to the company's profits rising 238% compared to last year when the firm reported an EPS of $0.85. The increase in Marriot Vacations Worldwide Cor's annual growth rate represents how the business is performing well amid recent economic conditions.

Consensus estimates for Marriot Vacations Worldwide Cor revenue averaged out to $1.2 billion, with the business managing to beat those expectations with reported second-quarter revenue of $1.2 billion. The $14 million (1%) positive revenue surprise led to 19% growth year-over-year as the firm reported revenue of $979 million in its year-ago quarter. The higher earnings growth compared to revenue points to Marriot Vacations Worldwide Cor improving its profit margin.

The stock is up 1.19% to $141.60 after the report.

Marriot Vacations Worldwide Cor's earnings expanded faster than revenues, signaling widening profit margins.

Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Marriot Vacations Worldwide Cor has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 78, putting Marriot Vacations Worldwide Cor in the top 25% of stocks. The firm was recently trading at a 52-week low of $110.08 on June 23, 2022 and set a 52-week high on January 7, 2022 at $174.74.

Marriott Vacations Worldwide Corp functions in the United States leisure industry. It owns and manages a cluster of resorts and accommodation facilities under trademarks like Marriott Vacation Club, Grand Residencies and The Ritz-Carlton Destination Club predominantly in the United States. Some of its properties are also spread across Europe and Asia Pacific. Marriott's major revenue components include the sale of vacation ownership products such as luxurious vacation packages. In addition, it offers purchase money financing to the end users of its core services.