Financial News

What To Expect From Marriott’s (MAR) Q1 Earnings

MAR Cover Image

Global hospitality company Marriott (NASDAQ: MAR) will be reporting results tomorrow before the bell. Here’s what you need to know.

Marriott beat analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $6.43 billion, up 5.5% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EPS estimates but EBITDA guidance for next quarter missing analysts’ expectations.

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 4.1% year on year to $6.22 billion, slowing from the 6.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.25 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 four times over the last two years.

Looking at Marriott’s peers in the travel and vacation providers segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Hyatt Hotels posted flat year-on-year revenue, beating analysts’ expectations by 2%, and Carnival reported revenues up 7.5%, topping estimates by 0.9%. Hyatt Hotels traded up 9.2% following the results while Carnival was also up 1.1%.

Read our full analysis of Hyatt Hotels’s results here and Carnival’s results here.

There has been positive sentiment among investors in the travel and vacation providers segment, with share prices up 7.4% on average over the last month. Marriott is up 15.6% during the same time and is heading into earnings with an average analyst price target of $269.88 (compared to the current share price of $246.60).

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