For the quarter ended December 2022, Marriott International (MAR - Free Report) reported revenue of $5.92 billion, up 33.2% over the same period last year. EPS came in at $1.96, compared to $1.30 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $5.61 billion, representing a surprise of +5.51%. The company delivered an EPS surprise of +6.52%, with the consensus EPS estimate being $1.84.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Marriott performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Worldwide - Systemwide - REVPAR Growth Rate: 28.8% versus 40.27% estimated by four analysts on average.
- Number of rooms-Total: 1525000 compared to the 1517327 average estimate based on three analysts.
- Contract investment amortization: -$24 million versus the seven-analyst average estimate of -$20.84 million. The reported number represents a year-over-year change of +26.3%.
- Base management fees: $287 million compared to the $281.52 million average estimate based on seven analysts. The reported number represents a change of +32.3% year over year.
- Net fee revenues: $1.11 billion versus $1.07 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +36.3% change.
- Owned, leased, corporate housing and other revenue: $396 million versus the seven-analyst average estimate of $373.13 million. The reported number represents a year-over-year change of +52.3%.
- Franchise fees: $658 million versus the seven-analyst average estimate of $673.89 million. The reported number represents a year-over-year change of +26.5%.
- Incentive management fees: $186 million versus the seven-analyst average estimate of $134.38 million. The reported number represents a year-over-year change of +97.9%.
- Cost reimbursements: $4.42 billion compared to the $4.18 billion average estimate based on seven analysts. The reported number represents a change of +31% year over year.
- Gross fee revenues: $1.13 billion versus the six-analyst average estimate of $1.09 billion. The reported number represents a year-over-year change of +36.1%.
View all Key Company Metrics for Marriott here>>>
Shares of Marriott have returned +7.8% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended December 2022, Marriott International (MAR - Free Report) reported revenue of $5.92 billion, up 33.2% over the same period last year. EPS came in at $1.96, compared to $1.30 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $5.61 billion, representing a surprise of +5.51%. The company delivered an EPS surprise of +6.52%, with the consensus EPS estimate being $1.84.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Marriott performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Marriott here>>>
Shares of Marriott have returned +7.8% over the past month versus the Zacks S&P 500 composite's +3.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Zacks Investment Research has released a Special Report to help you pursue massive profits from the world’s first and largest decentralized form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%.
Zacks predicts another significant surge. Click below for Bitcoin: A Tumultuous Yet Resilient History.
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