Marriott Vacations Sees FY24 Adj. EPS $5.90-$6.45 Vs $7.58 Est.; Contract Sales $1.790B-$1.825B
Portfolio Pulse from Benzinga Newsdesk
Marriott Vacations has provided its financial outlook for FY24, projecting adjusted EPS between $5.90 and $6.45, which is significantly below the estimated $7.58. The company also expects contract sales to be in the range of $1.790 billion to $1.825 billion.
July 31, 2024 | 8:35 pm
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Marriott Vacations has issued a lower-than-expected adjusted EPS forecast for FY24, ranging from $5.90 to $6.45, compared to the $7.58 estimate. Contract sales are projected to be between $1.790 billion and $1.825 billion.
The lower-than-expected EPS forecast is likely to negatively impact investor sentiment and the stock price in the short term. The contract sales projection, while positive, may not be enough to offset the disappointment from the EPS miss.
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IMPORTANCE 90
RELEVANCE 100