Marriott International (MAR) Misses Q3 Earnings and Revenue Estimates

04.11.24 14:10 Uhr

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Marriott International (MAR) came out with quarterly earnings of $2.26 per share, missing the Zacks Consensus Estimate of $2.31 per share. This compares to earnings of $2.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.16%. A quarter ago, it was expected that this hotel company would post earnings of $2.49 per share when it actually produced earnings of $2.50, delivering a surprise of 0.40%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Marriott, which belongs to the Zacks Hotels and Motels industry, posted revenues of $6.26 billion for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.45%. This compares to year-ago revenues of $5.93 billion. The company has topped consensus revenue estimates just once over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Marriott shares have added about 15.6% since the beginning of the year versus the S&P 500's gain of 20.1%.What's Next for Marriott?While Marriott has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Marriott: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.44 on $6.46 billion in revenues for the coming quarter and $9.37 on $25.17 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Hotels and Motels is currently in the bottom 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Hilton Grand Vacations (HGV), another stock in the same industry, has yet to report results for the quarter ended September 2024. The results are expected to be released on November 7.This company is expected to post quarterly earnings of $0.70 per share in its upcoming report, which represents a year-over-year change of -28.6%. The consensus EPS estimate for the quarter has been revised 5.9% higher over the last 30 days to the current level.Hilton Grand Vacations' revenues are expected to be $1.29 billion, up 26.4% from the year-ago quarter.Research Chief 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.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant 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 Hilton Grand Vacations Inc. (HGV): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Marriott Inc.

Analysen zu Marriott Inc.

DatumRatingAnalyst
23.10.2018Marriott OutperformCowen and Company, LLC
08.08.2017Marriott HoldStifel, Nicolaus & Co., Inc.
12.06.2017Marriott OutperformRBC Capital Markets
10.05.2017Marriott BuyCanaccord Adams
09.05.2017Marriott HoldStifel, Nicolaus & Co., Inc.
DatumRatingAnalyst
23.10.2018Marriott OutperformCowen and Company, LLC
08.08.2017Marriott HoldStifel, Nicolaus & Co., Inc.
12.06.2017Marriott OutperformRBC Capital Markets
10.05.2017Marriott BuyCanaccord Adams
09.05.2017Marriott HoldStifel, Nicolaus & Co., Inc.
DatumRatingAnalyst
21.02.2017Marriott International HoldSunTrust
22.03.2016Starwood HotelsResorts Worldwide NeutralMKM Partners
10.03.2016Starwood HotelsResorts Worldwide NeutralUBS AG
29.02.2016Starwood HotelsResorts Worldwide Equal WeightBarclays Capital
22.02.2016Marriott International Equal WeightBarclays Capital
DatumRatingAnalyst
08.03.2016Starwood HotelsResorts Worldwide SellArgus Research Company
09.10.2009Marriott sellSociété Générale Group S.A. (SG)
15.06.2006Marriott underperformHarris Nesbitt
05.07.2005Marriott underweightMorgan Stanley
01.07.2005Update Marriott International Inc.: UnderweightMorgan Stanley

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