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Marriott International (MAR) Gains But Lags Market: What You Should Know
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Marriott International (MAR - Free Report) closed the most recent trading day at $155.43, moving +0.29% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.63%. At the same time, the Dow added 1.07%, and the tech-heavy Nasdaq gained 0.3%.
Prior to today's trading, shares of the hotel company had gained 13.77% over the past month. This has outpaced the Consumer Discretionary sector's gain of 1.42% and the S&P 500's gain of 2.94% in that time.
Investors will be hoping for strength from Marriott International as it approaches its next earnings release, which is expected to be November 3, 2022. The company is expected to report EPS of $1.69, up 70.71% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.27 billion, up 33.46% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.51 per share and revenue of $20.34 billion, which would represent changes of +104.08% and +46.78%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Marriott International. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.22% higher within the past month. Marriott International currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Marriott International currently has a Forward P/E ratio of 23.82. This represents a premium compared to its industry's average Forward P/E of 21.39.
Investors should also note that MAR has a PEG ratio of 0.6 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Hotels and Motels was holding an average PEG ratio of 0.66 at yesterday's closing price.
The Hotels and Motels industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 74, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Marriott International (MAR) Gains But Lags Market: What You Should Know
Marriott International (MAR - Free Report) closed the most recent trading day at $155.43, moving +0.29% from the previous trading session. The stock lagged the S&P 500's daily gain of 1.63%. At the same time, the Dow added 1.07%, and the tech-heavy Nasdaq gained 0.3%.
Prior to today's trading, shares of the hotel company had gained 13.77% over the past month. This has outpaced the Consumer Discretionary sector's gain of 1.42% and the S&P 500's gain of 2.94% in that time.
Investors will be hoping for strength from Marriott International as it approaches its next earnings release, which is expected to be November 3, 2022. The company is expected to report EPS of $1.69, up 70.71% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.27 billion, up 33.46% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.51 per share and revenue of $20.34 billion, which would represent changes of +104.08% and +46.78%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Marriott International. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.22% higher within the past month. Marriott International currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Marriott International currently has a Forward P/E ratio of 23.82. This represents a premium compared to its industry's average Forward P/E of 21.39.
Investors should also note that MAR has a PEG ratio of 0.6 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Hotels and Motels was holding an average PEG ratio of 0.66 at yesterday's closing price.
The Hotels and Motels industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 74, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.