While the top- and bottom-line numbers for Marriott (MAR) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Lodging services giant Marriott International (MAR -3.94%) reported fourth-quarter and full-year 2024 earnings on Tuesday, Feb. 11, that exceeded analysts' consensus estimates. Adjusted EPS of $2.45 outperformed analysts' estimates of $2.39 while total revenue reached $6.43 billion, slightly higher than the anticipated $6.4 billion.
Marriott International (MAR) came out with quarterly earnings of $2.45 per share, beating the Zacks Consensus Estimate of $2.38 per share. This compares to earnings of $3.57 per share a year ago.
MAR's fourth-quarter 2024 results are likely to benefit from robust RevPAR and ADR growth.
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.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
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.