Shares of Marriott Vacations Worldwide (VAC) are surging 6.46% in pre-market trading on Thursday, building on the momentum from an 8.13% after-hours gain on Wednesday. The significant uptick comes after the vacation ownership company released its first-quarter 2025 financial results, which exceeded analyst expectations, and reaffirmed its positive full-year outlook.

Marriott Vacations reported adjusted earnings per share (EPS) of $1.66 for Q1, handily beating the analyst consensus estimate of $1.49 by 11.41%. While this represents a slight year-over-year decrease, the better-than-expected performance has clearly impressed investors. The company's quarterly sales showed a modest 0.42% increase to $1.20 billion, narrowly missing analyst estimates but demonstrating resilience in a challenging economic environment.

Adding fuel to the stock's rise, Marriott Vacations Worldwide reaffirmed its full-year guidance, projecting adjusted EBITDA between $750-780 million and adjusted EPS in the range of $6.40 to $7.10. The company also provided an optimistic outlook for adjusted free cash flow, estimating it to be between $270-330 million for fiscal year 2025. This reaffirmation of guidance, coupled with the strong Q1 results, appears to have bolstered investor confidence in the company's financial trajectory, driving the substantial pre-market gain.