Marriott Vacations Worldwide Corporation VAC reported impressive third-quarter 2022 results, with earnings and revenues surpassing the Zacks Consensus Estimate. The metrics increased on a year-over-year basis.The company’s CEO, Stephen P. Weisz, stated, "Despite the challenging macroeconomic backdrop, we had a very strong third quarter, growing contract sales by 27% compared to the prior year driven by strong tour growth. With continued growth in our business, we've returned more than $600 million in cash to shareholders this year through a combination of share repurchases and dividends."Earnings & Revenues DiscussionDuring third-quarter 2022, the company reported adjusted earnings per share (EPS) of $3.02, surpassing the Zacks Consensus Estimate of $2.63 by 14.8%. In the year-ago quarter, the company reported an adjusted EPS of $1.60.Marriot Vacations Worldwide Corporation Price, Consensus and EPS Surprise Marriot Vacations Worldwide Corporation price-consensus-eps-surprise-chart | Marriot Vacations Worldwide Corporation Quote Quarterly revenues of $1,252 million beat the consensus mark of $1,199 million. The top line increased 19% on a year-over-year basis.Segmental PerformancesVacation Ownership: During the third quarter, revenues in the segment (excluding the impact of Alignment) totaled $1,182 million compared with $974 million reported in the prior-year quarter.The segment’s adjusted EBITDA (including the impact of Alignment) came in at $255 million, compared with $215 million reported in the prior year quarter.Exchange & Third-Party Management: The segment’s revenues totaled $71 million in the third quarter compared with $77 million in the prior-year quarter. Revenues, excluding cost reimbursements, fell 3% year over year.During the third quarter, interval international active members increased 21% year over year to 1.6 million, while average revenues per member declined 9% on a year-over-year basis. The segment’s adjusted EBITDA (including the impact of Alignment) came in at $39 million compared with the $35 million reported in the prior-year quarter.Corporate and Other ResultsDuring the third quarter, general and administrative costs increased by $8 million year over year, owing to higher compensation and transformational initiative expenses (including procurement and artificial intelligence capabilities).Expenses & EBITDADuring the quarter, total expenses (including the impact of alignment adjustments) came in at $1,029 million compared with $896 million reported in the year-ago quarter.The company’s adjusted EBITDA (including the impact of alignment adjustments) in the third quarter amounted to $240 million compared with $205 million reported in the year-ago quarter.Balance SheetAs of Sep 30, 2022, the company’s cash and cash equivalents were $294 million compared with $324 million as of Jun 30, 2022.At the end of the third quarter, the company had $2.7 billion of net corporate debt and $1.8 billion of non-recourse debt related to its securitized notes receivable.During the quarter, the company repurchased 1.7 million shares of its common stock worth approximately $216 million.2022 OutlookFor 2022, the company anticipates contract sales in the range of $1,820-$1,860 million compared with the prior estimate of $1,775-$1,875 million. Adjusted free cash flow is projected in the range of $670-$730 million, up from the earlier estimate of $650-$730 million. Adjusted EBITDA is expected to be between $950 million and $975 million, up from the prior estimate of $880-$930 million. Adjusted fully-diluted EPS for 2022 is expected to be between $10.20 and $10.64 compared with the prior estimate of $9.47-$10.35 per share.Zacks Rank & Other Key PicksMarriott Vacations currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Some other top-ranked stocks in the Zacks Consumer Discretionary sector are Marriott International, Inc. MAR, Crocs, Inc. CROX and Live Nation Entertainment, Inc. LYV.Marriott sports a Zacks Rank #1. MAR has a trailing four-quarter earnings surprise of 18.6%, on average. The stock has declined 3.1% so far this past year.The Zacks Consensus Estimate for MAR’s current financial year sales and EPS indicates a surge of 46.8% and 104.1%, respectively, from the year-ago period’s reported levels.Crocs sports a Zacks Rank #1. CROX has a long-term earnings growth rate of 15%. Shares of Crocs have plunged 57.7% in the past year.The Zacks Consensus Estimate for CROX’s 2022 sales and EPS indicates a rise of 49.6% and 20.7%, respectively, from the year-ago period’s levels.Live Nation carries a Zacks Rank #2. LYV has a trailing four-quarter earnings surprise of 70.7%, on average. The stock has declined 25.5% in the past year.The Zacks Consensus Estimate for LYV’s current financial year sales and EPS indicates growth of 130.8% and 117.2%, respectively, from the year-ago period’s reported levels. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marriott International, Inc. (MAR): Free Stock Analysis Report Crocs, Inc. (CROX): Free Stock Analysis Report Marriot Vacations Worldwide Corporation (VAC): Free Stock Analysis Report Live Nation Entertainment, Inc. (LYV): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research