Global hospitality company Marriott (NASDAQ:MAR) will be reporting results tomorrow morning. Here's what investors should know.
Last quarter Marriott reported revenues of $5.93 billion, up 11.6% year on year, beating analyst revenue expectations by 1%. It was a mixed quarter for the company, with a solid beat of analysts' revenue estimates but a miss of analysts' earnings estimates.
Is Marriott buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting Marriott's revenue to grow 4.7% year on year to $6.20 billion, slowing down from the 33.2% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.12 per share.
The analysts covering the company have been growing increasingly bullish about the business heading into the earnings, with revenue estimates seeing four upward revisions over the last thirty days. The company missed Wall St's revenue estimates twice over the last two years.
Looking at Marriott's peers in the consumer discretionary segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. The New York Times reported revenues up 1.3% year on year, missing analyst estimates by 0.4%. The New York Times was down 2.7% on the results.
Read the full analysis of The New York Times's results on StockStory.
There has been positive sentiment among investors in the consumer discretionary segment, with the stocks up on average 4.5% over the last month. Marriott is up 9.2% during the same time, and is heading into the earnings with analyst price target of $230.1, compared to share price of $247.1.