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Marriott (MAR) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates

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Wall Street analysts expect Marriott International (MAR - Free Report) to post quarterly earnings of $2.87 per share in its upcoming report, which indicates a year-over-year increase of 16.2%. Revenues are expected to be $7.04 billion, up 8.4% from the year-ago quarter.

The consensus EPS estimate for the quarter has undergone an upward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.

In light of this perspective, let's dive into the average estimates of certain Marriott metrics that are commonly tracked and forecasted by Wall Street analysts.

Analysts' assessment points toward 'Revenues- Gross fee revenues' reaching $1.49 billion. The estimate points to a change of +11% from the year-ago quarter.

It is projected by analysts that the 'Revenues- Net fee revenues' will reach $1.45 billion. The estimate suggests a change of +10.9% year over year.

Analysts forecast 'Revenues- Cost reimbursements' to reach $5.15 billion. The estimate indicates a year-over-year change of +8.2%.

Analysts predict that the 'Revenues- Owned, leased, and other revenue' will reach $427.36 million. The estimate indicates a change of +1.8% from the prior-year quarter.

The consensus among analysts is that 'Comparable Systemwide International Properties - Worldwide - REVPAR' will reach $137.11 . Compared to the current estimate, the company reported $131.43 in the same quarter of the previous year.

The consensus estimate for 'Rooms - Franchised, Licensed, and Other' stands at 1,224,096 . The estimate is in contrast to the year-ago figure of 1,158,003 .

The average prediction of analysts places 'Rooms - Total' at 1,815,403 . Compared to the present estimate, the company reported 1,753,722 in the same quarter last year.

According to the collective judgment of analysts, 'Rooms - Owned/Leased' should come in at 13,013 . Compared to the current estimate, the company reported 14,206 in the same quarter of the previous year.

Analysts expect 'Rooms - Owned/Leased - US & Canada' to come in at 4,466 . Compared to the current estimate, the company reported 5,539 in the same quarter of the previous year.

The collective assessment of analysts points to an estimated 'Rooms - Owned/Leased - Total International' of 8,387 . Compared to the present estimate, the company reported 8,667 in the same quarter last year.

Based on the collective assessment of analysts, 'Comparable Systemwide US & Canada Properties - U.S. & Canada - REVPAR' should arrive at $140.85 . Compared to the current estimate, the company reported $135.85 in the same quarter of the previous year.

The combined assessment of analysts suggests that 'Comparable Systemwide International Properties - Asia Pacific excluding China - REVPAR' will likely reach $132.96 . Compared to the present estimate, the company reported $126.71 in the same quarter last year.

View all Key Company Metrics for Marriott here>>>

Over the past month, Marriott shares have recorded returns of +7.9% versus the Zacks S&P 500 composite's -0.2% change. Based on its Zacks Rank #2 (Buy), MAR will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

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