For the quarter ended June 2023, Marriott International (MAR - Free Report) reported revenue of $6.08 billion, up 13.8% over the same period last year. EPS came in at $2.26, compared to $1.80 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $6.05 billion, representing a surprise of +0.46%. The company delivered an EPS surprise of +3.20%, with the consensus EPS estimate being $2.19.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Marriott performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- REVPAR Growth Rate - Comparable Systemwide - Worldwide: 13.5% compared to the 11.46% average estimate based on three analysts.
- Occupancy rate - Comparable Company-Operated International Properties - Worldwide: 70.2% compared to the 70.5% average estimate based on two analysts.
- Rooms - Total: 1565258 compared to the 1556180 average estimate based on two analysts.
- Average Daily Rate - Comparable Systemwide - Worldwide: $183.79 compared to the $187.69 average estimate based on two analysts.
- Revenues- Contract investment amortization: -$22 million versus -$21.96 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +15.8% change.
- Revenues- Gross fee revenues: $1.25 billion compared to the $1.24 billion average estimate based on seven analysts. The reported number represents a change of +16.5% year over year.
- Revenues- Net fee revenues: $1.23 billion compared to the $1.22 billion average estimate based on seven analysts. The reported number represents a change of +16.5% year over year.
- Revenues- Owned, leased, and other revenue: $390 million versus $396.98 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +7.1% change.
- Revenues- Franchise fees: $739 million compared to the $725.37 million average estimate based on seven analysts. The reported number represents a change of +10.5% year over year.
- Revenues- Incentive management fees: $193 million versus the seven-analyst average estimate of $190.31 million. The reported number represents a year-over-year change of +43%.
- Revenues- Cost reimbursements: $4.46 billion versus $4.40 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +13.7% change.
- Revenues- Base management fees: $318 million versus the seven-analyst average estimate of $322.16 million. The reported number represents a year-over-year change of +18.2%.
View all Key Company Metrics for Marriott here>>>Shares of Marriott have returned +9.5% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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For the quarter ended June 2023, Marriott International (MAR - Free Report) reported revenue of $6.08 billion, up 13.8% over the same period last year. EPS came in at $2.26, compared to $1.80 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $6.05 billion, representing a surprise of +0.46%. The company delivered an EPS surprise of +3.20%, with the consensus EPS estimate being $2.19.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Marriott performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- REVPAR Growth Rate - Comparable Systemwide - Worldwide: 13.5% compared to the 11.46% average estimate based on three analysts.
- Occupancy rate - Comparable Company-Operated International Properties - Worldwide: 70.2% compared to the 70.5% average estimate based on two analysts.
- Rooms - Total: 1565258 compared to the 1556180 average estimate based on two analysts.
- Average Daily Rate - Comparable Systemwide - Worldwide: $183.79 compared to the $187.69 average estimate based on two analysts.
- Revenues- Contract investment amortization: -$22 million versus -$21.96 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +15.8% change.
- Revenues- Gross fee revenues: $1.25 billion compared to the $1.24 billion average estimate based on seven analysts. The reported number represents a change of +16.5% year over year.
- Revenues- Net fee revenues: $1.23 billion compared to the $1.22 billion average estimate based on seven analysts. The reported number represents a change of +16.5% year over year.
- Revenues- Owned, leased, and other revenue: $390 million versus $396.98 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +7.1% change.
- Revenues- Franchise fees: $739 million compared to the $725.37 million average estimate based on seven analysts. The reported number represents a change of +10.5% year over year.
- Revenues- Incentive management fees: $193 million versus the seven-analyst average estimate of $190.31 million. The reported number represents a year-over-year change of +43%.
- Revenues- Cost reimbursements: $4.46 billion versus $4.40 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +13.7% change.
- Revenues- Base management fees: $318 million versus the seven-analyst average estimate of $322.16 million. The reported number represents a year-over-year change of +18.2%.
View all Key Company Metrics for Marriott here>>>Shares of Marriott have returned +9.5% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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