Marriott Vacations Worldwide (NYSE: VAC) reported Q4 EPS of ($0.05), $0.03 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $747 million versus the consensus estimate of $717.87 million.

Fourth Quarter 2020:

• Consolidated Vacation Ownership contract sales totaled $178 million in the fourth quarter of 2020. On a sequential basis, contract sales increased 27%.
• Net loss attributable to common shareholders was $37 million, or $0.88 loss per fully diluted share.
• Adjusted net loss attributable to common shareholders was $3 million and adjusted fully diluted loss per share was $0.05.
• Adjusted EBITDA was $72 million in the fourth quarter of 2020.

"The recovery we have seen in our business continued into the fourth quarter, with occupancy and exchange transactions growing sequentially, and contract sales increasing 27% from the third quarter," said Stephen P. Weisz, chief executive officer. "Looking forward, I remain extremely optimistic about the recovery in our leisure-focused business. Occupancies in a number of our drive-to and fly-to markets are holding up nicely, and as more and more people get vaccinated, I expect some of the pent up travel demand to manifest itself, which we're seeing in our forward bookings. We also look forward to closing the acquisition of Welk Resorts early in the second quarter, adding nicely to our existing footprint and providing substantial sales growth and margin improvement opportunity as we integrate the business."

For earnings history and earnings-related data on Marriott Vacations Worldwide (VAC) click here.