Core Viewpoint - Travel + Leisure Co. (TNL) reported quarterly earnings of $1.72 per share, exceeding the Zacks Consensus Estimate of $1.71 per share, but down from $1.98 per share a year ago, indicating a 13.1% year-over-year decline [1] - The company achieved revenues of $971 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.77% and showing a year-over-year increase from $935 million [2] Financial Performance - The earnings surprise for the recent quarter was 0.58%, and the company has surpassed consensus EPS estimates in all four of the last quarters [1][2] - Travel Leisure Co. has also topped consensus revenue estimates three times over the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is $1.12, with expected revenues of $943.54 million, and for the current fiscal year, the EPS estimate is $6.52 on revenues of $4.03 billion [7] Stock Performance - Travel Leisure Co. shares have increased approximately 11.8% since the beginning of the year, outperforming the S&P 500's gain of 4% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Outlook - The Leisure and Recreation Services industry is currently ranked in the top 18% of over 250 Zacks industries, suggesting a favorable outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Performance - Net income for Q4 2024 was $119 million with a diluted EPS of $1.72 on net revenue of $971 million[4] - Full-year 2024 net income reached $411 million with a diluted EPS of $5.82 on net revenue of $3.9 billion[4] - Adjusted EBITDA for Q4 2024 was $252 million, while full-year 2024 Adjusted EBITDA totaled $929 million[4] - Net income attributable to TNL shareholders for the twelve months ended December 31, 2024, was $411 million, a 4% increase from $396 million in 2023[34] - Operating income for the twelve months ended December 31, 2024, was $733 million, compared to $720 million in 2023[29] - Basic earnings per share from continuing operations for the twelve months ended December 31, 2024, increased to $5.39 from $5.24 in 2023[34] - Adjusted net income for Q4 2024 was $119 million, down from $144 million in Q4 2023[42] Revenue and Sales - Vacation Ownership revenue increased by 5% to $813 million in Q4 2024, with a 10% rise in gross VOI sales[6] - Net revenues for the three months ended December 31, 2024, increased by 4% to $971 million compared to $935 million in the same period of 2023[29] - Vacation Ownership segment net revenues increased by 5% to $813 million for the three months ended December 31, 2024, compared to $776 million in 2023[34] - Total Vacation Ownership revenue increased by 5% to $813 million in Q4 2024, compared to $776 million in Q4 2023[39] - Gross VOI sales for the twelve months ended December 31, 2024, were $2,293 million, a 7% increase from $2,149 million in 2023[39] - Gross VOI sales for 2025 are projected to be between $2.4 billion and $2.5 billion[18] Cash Flow and Capital Management - Cash flow from operating activities for full-year 2024 was $464 million, up from $350 million in the prior year[14] - The company reported a net cash provided by operating activities of $464 million for the twelve months ended December 31, 2024, compared to $350 million in 2023[33] - Free cash flow for the twelve months ended December 31, 2024, was $446 million, up from $379 million in 2023[47] - The company repurchased $70 million of common stock in Q4 2024 and $235 million for the full year[4] Debt and Leverage - The company had $3.5 billion in corporate debt and a leverage ratio of 3.3x as of December 31, 2024[11] - Total liabilities decreased to $7,615 million as of December 31, 2024, from $7,655 million in 2023[31] Dividends - A first quarter 2025 dividend of $0.56 per share is recommended for approval by the Board of Directors[4] Other Metrics - Adjusted EBITDA for the three months ended December 31, 2024, rose by 5% to $252 million, compared to $240 million in the same period of 2023[34] - Adjusted EBITDA Margin represents Adjusted EBITDA as a percentage of revenue, assisting investors in evaluating operating performance[52] - Adjusted Free Cash Flow is calculated as net cash from operating activities minus capital expenditures, indicating the ability to generate cash for growth and shareholder returns[53] - Adjusted Free Cash Flow Conversion measures Adjusted free cash flow as a percentage of Adjusted EBITDA, helping assess the quality of earnings and cash flow generation[54] - Adjusted Net Income excludes certain costs and adjustments, providing insight into ongoing operating performance[55] - Average Number of Exchange Members reflects the average number of paid members in vacation exchange programs during the reporting period[56] - Volume Per Guest (VPG) measures Gross VOI sales per tour, enhancing understanding of sales efficiency in the Vacation Ownership business[62] - Loan loss provision increased by 27% to $117 million in Q4 2024, compared to $92 million in Q4 2023[39] - The average number of exchange members decreased by 4% to 3,377 thousand in Q4 2024, compared to 3,524 thousand in Q4 2023[39] - Total assets as of December 31, 2024, were $6,735 million, slightly down from $6,738 million as of December 31, 2023[31] - Cash and cash equivalents decreased to $167 million as of December 31, 2024, from $282 million in 2023[33]

Core Viewpoint - Travel + Leisure Co. (TNL) is set to report its fourth-quarter results on February 19, 2024, with expectations of a decline in earnings per share (EPS) compared to the previous year, despite projected revenue growth [1][2]. Group 1: Earnings and Revenue Estimates - The Zacks Consensus Estimate for TNL's fourth-quarter adjusted earnings is $1.71 per share, reflecting a 13.6% decline from the prior year's earnings of $1.98 per share [2]. - The consensus estimate for net revenues is $963.6 million, indicating a 3.1% growth from the year-ago quarter [2]. Group 2: Factors Influencing Performance - TNL's top line is expected to improve year over year due to increased tours and growth in new owner tours, supported by strong volume per guest (VPG) [3]. - The company benefits from robust engagement from existing owners and strategic partnerships aimed at capturing a larger share of the vacation market [3]. Group 3: Challenges and Concerns - There is concern regarding the decline in travel membership revenues, which fell by 3% in the third quarter of 2024, highlighting challenges in adapting to industry changes and customer preferences [4]. - High costs are anticipated to negatively impact the company's bottom line [4]. Group 4: Earnings Prediction Model - The current model does not predict an earnings beat for TNL, as it has an Earnings ESP of -10.53% and a Zacks Rank of 3 (Hold) [5].

Company Performance - Travel + Leisure Co. (TNL) shares have increased by 12.8% over the past month, reaching a new 52-week high of $57.62 [1] - The company has gained 11.7% since the beginning of the year, outperforming the Zacks Consumer Discretionary sector's 2.7% and the Zacks Leisure and Recreation Services industry's 5.4% [1] Earnings and Revenue Expectations - In the last earnings report on October 23, 2024, TNL reported an EPS of $1.57, exceeding the consensus estimate of $1.49 [2] - For the current fiscal year, TNL is expected to post earnings of $6.52 per share on revenues of $3.86 billion, with a year-over-year change of 13.47% [3] - For the next fiscal year, the company is projected to earn $8.48 per share on revenues of $4.03 billion, representing a year-over-year change of 4.41% [3] Valuation Metrics - TNL currently trades at 8.6X current fiscal year EPS estimates, below the peer industry average of 19.9X [7] - On a trailing cash flow basis, TNL trades at 7.6X compared to the peer group's average of 12.1X [7] - The stock has a PEG ratio of 0.65, indicating it is not in the top echelon of stocks from a value perspective [7] Zacks Rank and Style Scores - TNL has a Zacks Rank of 2 (Buy) due to rising earnings estimates, making it a suitable choice for investors [8] - The company has a Value Score of A, while its Growth and Momentum Scores are D and D, respectively, resulting in a VGM Score of B [6] Industry Comparison - The Leisure and Recreation Services industry is in the top 32% of all industries, indicating favorable conditions for TNL and its peers [11] - Royal Caribbean Cruises Ltd. (RCL), a peer, has a Zacks Rank of 2 (Buy) and has shown strong earnings performance, with a projected EPS of $14.74 on revenues of $17.98 billion for the current fiscal year [9][10]

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Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Travel + Leisure Co. (TNL) , which belongs to the Zacks Leisure and Recreation Services industry, could be a great candidate to consider.When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 7.36%, on average, in the last two quarters.For the last reported q ...

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Travel + Leisure Co.’s (TNL) shares have surged 46.6% in the past year compared with the industry and the S&P 500’s growth of 26.1% and 31%, respectively.On Wednesday, the stock closed at $53.99, only 5.1% below its 52-week high but 42.1% above its 52-week low. Technical indicators imply TNL's continued strong performance. The stock is trading above its 50-day moving average, signaling robust upward momentum and price stability. This technical strength underscores positive market sentiment and confidence in ...

Travel + Leisure Co. (NYSE:TNL) Q3 2024 Earnings Conference Call October 23, 2024 8:00 AM ET Company Participants Jill Greer - Vice President of Investor Relations Michael Brown - President & Chief Executive Officer Mike Hug - Chief Financial Officer Conference Call Participants Ian Zaffino - Oppenheimer Joe Greff - JPMorgan Chris Woronka - Deutsche Bank David Katz - Jefferies Ben Chaiken - Mizuho Securities Brandt Montour - Barclays Patrick Scholes - Truist Securities Operator Greetings and welcome to the ...

For the quarter ended September 2024, Travel + Leisure Co. (TNL) reported revenue of $993 million, up 0.7% over the same period last year. EPS came in at $1.57, compared to $1.54 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.01 billion, representing a surprise of -1.85%. The company delivered an EPS surprise of +5.37%, with the consensus EPS estimate being $1.49.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...