Evaluate the expected performance of Marriott (MAR) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Marriott (MAR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Marriott International, Inc. is a buy due to its market dominance, strategic business diversification, and strong liquidity. MAR's Q3 FY24 performance showed stable topline growth with a 6.6% YoY increase, driven by franchise fees and strategic pricing amid market recovery. Marriott's liquidity remains robust with stable borrowings and a high FCF/Sales Ratio of 41%, ensuring efficient revenue management and expansion returns.
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Hyatt Hotels Corporation stock (NYSE: H) has gained close to 19% since the beginning of 2024, compared to a 22% return of the S&P 500 over the same period. In comparison, its peer Marriott International (NASDAQ:MAR) stock is up about 24% over the same period.
MAR boosts Ritz-Carlton brand presence in Thailand with the opening of The Ritz-Carlton, Bangkok.
MAR announces a partnership with Xiamen Green Development Investment Group to introduce The Ritz-Carlton brand to Xiamen Island in Fujian Province.
MAR's strategic deal paves a path for affiliates to align with the company's portfolio and tap into the rapidly growing demand for outdoor experiences.
Marriott (MAR) reported earnings 30 days ago. What's next for the stock?
MAR's focus on the Bonvoy loyalty program enhancements and strategic partnerships bodes well. However, soft demand in China is a concern.
Marriott Vacations Worldwide has seen a 29% gain over the past year, with recent recovery post-summer volatility, but remains below Q2 highs. Q3 results showed a $1.80 EPS, beating estimates by $0.20, with revenue up 10% to $1.3 billion, driven by Hawaii's recovery. Financing revenue rose 7%, but credit quality issues persist, with $281 million past due and $516 million in reserves, posing potential risks.
MAR collaborates with New Development Group to open its second EDITION-branded hotel in Shanghai.