Marriott Vacations Q1 Adj $1.80 Beats $1.69 Estimate, Sales $1.20B Beat $1.17B Estimate
Portfolio Pulse from Benzinga Newsdesk
Marriott Vacations (NYSE:VAC) reported Q1 adjusted earnings of $1.80 per share, surpassing the $1.69 estimate, and sales of $1.20B, exceeding the $1.17B estimate. This represents a 29.13% decrease in earnings per share and a 2.22% increase in sales compared to the same period last year.
May 06, 2024 | 8:17 pm
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Marriott Vacations reported a Q1 adjusted EPS of $1.80, beating estimates, and sales of $1.20B, also above expectations. Despite a year-over-year decrease in EPS, sales grew.
The positive earnings and sales beat indicate strong performance and could lead to increased investor confidence in the short term. Despite the decrease in EPS compared to last year, the growth in sales and beating of estimates are likely to be viewed positively by the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100