Financial News

Earnings To Watch: Marriott (MAR) Reports Q3 Results Tomorrow

MAR Cover Image

Global hospitality company Marriott (NASDAQ:MAR) will be reporting results tomorrow before market open. Here’s what to look for.

Marriott met analysts’ revenue expectations last quarter, reporting revenues of $6.44 billion, up 6% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ EBITDA estimates but underwhelming earnings guidance for the full year.

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 5.6% year on year to $6.26 billion, slowing from the 11.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.31 per share.

Marriott Total Revenue

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 three times over the last two years.

Looking at Marriott’s peers in the travel and vacation providers segment, some have already reported their Q3 results, giving us a hint as to what we can expect. American Airlines delivered year-on-year revenue growth of 1.2%, meeting analysts’ expectations, and Norwegian Cruise Line reported revenues up 10.7%, topping estimates by 1.4%. American Airlines traded up 2.5% following the results while Norwegian Cruise Line was also up 4.3%.

Read our full analysis of American Airlines’s results here and Norwegian Cruise Line’s results here.

Investors in the travel and vacation providers segment have had steady hands going into earnings, with share prices up 1.9% on average over the last month. Marriott is up 2.6% during the same time and is heading into earnings with an average analyst price target of $252.60 (compared to the current share price of $261.75).

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