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Marriott International (MAR) Outpaces Stock Market Gains: What You Should Know
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Marriott International (MAR - Free Report) closed at $190.13 in the latest trading session, marking a +0.79% move from the prior day. This change outpaced the S&P 500's 0.73% gain on the day. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.93%.
Heading into today, shares of the hotel company had lost 2.22% over the past month, lagging the Consumer Discretionary sector's loss of 1.02% and outpacing the S&P 500's loss of 2.29% in that time.
The investment community will be closely monitoring the performance of Marriott International in its forthcoming earnings report. The company is scheduled to release its earnings on November 2, 2023. The company's upcoming EPS is projected at $2.10, signifying a 24.26% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $5.91 billion, showing a 11.17% escalation compared to the year-ago quarter.
MAR's full-year Zacks Consensus Estimates are calling for earnings of $8.65 per share and revenue of $23.94 billion. These results would represent year-over-year changes of +29.3% and +15.26%, respectively.
Investors might also notice recent changes to analyst estimates for Marriott International. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.1% upward. Marriott International is currently a Zacks Rank #3 (Hold).
In terms of valuation, Marriott International is currently trading at a Forward P/E ratio of 21.81. Its industry sports an average Forward P/E of 19.03, so one might conclude that Marriott International is trading at a premium comparatively.
We can additionally observe that MAR currently boasts a PEG ratio of 1.31. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Hotels and Motels industry held an average PEG ratio of 1.43.
The Hotels and Motels industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 46, placing it within the top 19% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow MAR in the coming trading sessions, be sure to utilize Zacks.com.
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Marriott International (MAR) Outpaces Stock Market Gains: What You Should Know
Marriott International (MAR - Free Report) closed at $190.13 in the latest trading session, marking a +0.79% move from the prior day. This change outpaced the S&P 500's 0.73% gain on the day. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.93%.
Heading into today, shares of the hotel company had lost 2.22% over the past month, lagging the Consumer Discretionary sector's loss of 1.02% and outpacing the S&P 500's loss of 2.29% in that time.
The investment community will be closely monitoring the performance of Marriott International in its forthcoming earnings report. The company is scheduled to release its earnings on November 2, 2023. The company's upcoming EPS is projected at $2.10, signifying a 24.26% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $5.91 billion, showing a 11.17% escalation compared to the year-ago quarter.
MAR's full-year Zacks Consensus Estimates are calling for earnings of $8.65 per share and revenue of $23.94 billion. These results would represent year-over-year changes of +29.3% and +15.26%, respectively.
Investors might also notice recent changes to analyst estimates for Marriott International. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.1% upward. Marriott International is currently a Zacks Rank #3 (Hold).
In terms of valuation, Marriott International is currently trading at a Forward P/E ratio of 21.81. Its industry sports an average Forward P/E of 19.03, so one might conclude that Marriott International is trading at a premium comparatively.
We can additionally observe that MAR currently boasts a PEG ratio of 1.31. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Hotels and Motels industry held an average PEG ratio of 1.43.
The Hotels and Motels industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 46, placing it within the top 19% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow MAR in the coming trading sessions, be sure to utilize Zacks.com.