Although the revenue and EPS for Marriott (MAR) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Marriott International (MAR) came out with quarterly earnings of $2.50 per share, beating the Zacks Consensus Estimate of $2.49 per share. This compares to earnings of $2.26 per share a year ago.
Marriott's (MAR) second-quarter 2024 results are likely to reflect increased global travel demand, especially in international markets, thus portraying RevPAR growth. Also, the top-line leverage and efficient operating model are likely to have aided the bottom line.
Get a deeper insight into the potential performance of Marriott (MAR) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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.
Cheaper airfares and strong labor market support travel demand and high occupancy trends in international hotels. Shares of Marriott International have returned nearly 40% since May 2023, but I now view the stock as fully valued. Its Q2 earnings report is expected to show solid international growth, with potential for increased shareholder-friendly moves.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
Marriott's (MAR) focus on digital transformation, member engagement and strategic development positions it for sustained growth. However, increased expenses are a concern.
Undervalued blue-chip stocks offer a higher margin of safety than most stocks. That extra margin can minimize an investor's losses during stock market corrections and market cycles with sharp volatility.
Marriott's (MAR) focus on digital enhancements will unlock new revenue opportunities and strengthen the operating model. However, an uncertain macroeconomic environment is a concern.
Marriott (MAR) strengthens its luxury offerings by converting three iconic US properties.
Ritz-Carlton Reserve, a reserve property under Marriott's (MAR) luxury brand Ritz-Carlton, unveils its first property, Nujuma, on Ummahat Island, the Middle East.