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Marriott (MAR) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, Marriott International (MAR - Free Report) reported revenue of $6.44 billion, up 6% over the same period last year. EPS came in at $2.50, compared to $2.26 in the year-ago quarter.
The reported revenue represents a surprise of -0.90% over the Zacks Consensus Estimate of $6.5 billion. With the consensus EPS estimate being $2.49, the EPS surprise was +0.40%.
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:
Comparable Systemwide International Properties - Worldwide - REVPAR
: 136 versus the three-analyst average estimate of 138.
Comparable Systemwide International Properties - Worldwide - REVPAR Growth Rate
: 4.9% versus the three-analyst average estimate of 4.5%.
Rooms - Franchised
: 1,062,749 versus 1,035,428 estimated by two analysts on average.
Rooms - Timeshare
: 22,745 versus 22,820 estimated by two analysts on average.
Revenues- Contract investment amortization
: -$27 million compared to the -$24.06 million average estimate based on seven analysts. The reported number represents a change of +22.7% year over year.
Revenues- Gross fee revenues
: $1.34 billion compared to the $1.36 billion average estimate based on seven analysts. The reported number represents a change of +7.4% year over year.
Revenues- Net fee revenues
: $1.32 billion versus the seven-analyst average estimate of $1.33 billion. The reported number represents a year-over-year change of +7.2%.
Revenues- Owned, leased, and other revenue
: $395 million compared to the $391.13 million average estimate based on seven analysts. The reported number represents a change of +1.3% year over year.
Revenues- Franchise fees
: $818 million versus $807.05 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +10.7% change.
Revenues- Incentive management fees
: $195 million versus $205.09 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +1% change.
Revenues- Cost reimbursements
: $4.73 billion versus $4.77 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +6.1% change.
Revenues- Base management fees
: $330 million versus $343.91 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.
Shares of Marriott have returned -0.5% over the past month versus the Zacks S&P 500 composite's -0.4% 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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Marriott (MAR) Reports Q2 Earnings: What Key Metrics Have to Say
For the quarter ended June 2024, Marriott International (MAR - Free Report) reported revenue of $6.44 billion, up 6% over the same period last year. EPS came in at $2.50, compared to $2.26 in the year-ago quarter.
The reported revenue represents a surprise of -0.90% over the Zacks Consensus Estimate of $6.5 billion. With the consensus EPS estimate being $2.49, the EPS surprise was +0.40%.
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:
View all Key Company Metrics for Marriott here>>>Comparable Systemwide International Properties - Worldwide - REVPAR
: 136 versus the three-analyst average estimate of 138.Comparable Systemwide International Properties - Worldwide - REVPAR Growth Rate
: 4.9% versus the three-analyst average estimate of 4.5%.Rooms - Franchised
: 1,062,749 versus 1,035,428 estimated by two analysts on average.Rooms - Timeshare
: 22,745 versus 22,820 estimated by two analysts on average.Revenues- Contract investment amortization
: -$27 million compared to the -$24.06 million average estimate based on seven analysts. The reported number represents a change of +22.7% year over year.Revenues- Gross fee revenues
: $1.34 billion compared to the $1.36 billion average estimate based on seven analysts. The reported number represents a change of +7.4% year over year.Revenues- Net fee revenues
: $1.32 billion versus the seven-analyst average estimate of $1.33 billion. The reported number represents a year-over-year change of +7.2%.Revenues- Owned, leased, and other revenue
: $395 million compared to the $391.13 million average estimate based on seven analysts. The reported number represents a change of +1.3% year over year.Revenues- Franchise fees
: $818 million versus $807.05 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +10.7% change.Revenues- Incentive management fees
: $195 million versus $205.09 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +1% change.Revenues- Cost reimbursements
: $4.73 billion versus $4.77 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +6.1% change.Revenues- Base management fees
: $330 million versus $343.91 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.Shares of Marriott have returned -0.5% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.