Global hospitality company Marriott (NASDAQ:MAR) will be reporting earnings tomorrow before market hours. Here’s what to expect.
Marriott met analysts’ revenue expectations last quarter, reporting revenues of $6.26 billion, up 5.5% year on year. It was a mixed quarter for the company, with a miss of analysts’ EPS estimates.
Is Marriott a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Marriott’s revenue to grow 4.9% year on year to $6.39 billion, improving from the 2.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.38 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Marriott has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Marriott’s peers in the travel and vacation providers segment, some have already reported their Q4 results, giving us a hint as to what we can expect. United Airlines delivered year-on-year revenue growth of 7.8%, beating analysts’ expectations by 2.1%, and Royal Caribbean reported revenues up 12.9%, in line with consensus estimates. United Airlines traded down 2.3% following the results while Royal Caribbean was up 13.6%.
Read our full analysis of United Airlines’s results here and Royal Caribbean’s results here.
There has been positive sentiment among investors in the travel and vacation providers segment, with share prices up 3.8% on average over the last month. Marriott is up 12.7% during the same time and is heading into earnings with an average analyst price target of $284.64 (compared to the current share price of $303.97).
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