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Marriott (MAR) Tops Q1 Earnings Estimates, Revenue Falls Short
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Marriott International (MAR - Free Report) just released its first quarter financial results, posting adjusted earnings of $1.34 per share and revenues of $5.01 billion.
Marriott is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of Marriott are up nearly 42% over the last year and have surged 4.5% over the last four weeks. The company also saw its stock price climb 1.95% on Tuesday to hit $139.31 per share prior to the release of its quarterly earnings results.
Marriott stock is currently down 0.91% to $138.04 in after-hours trading shortly after its earnings report was released.
MAR:
Beat earnings estimates. The company posted adjusted earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.25 per share.
Missed revenue estimates. The company saw revenue figures of $5.01 billion, missing our consensus estimate of $5.75 billion.
Marriott saw its quarterly earnings climb roughly 33% from $1.01 per share in the year ago-period. Looking ahead, Marriott expects to report full-year earnings in the range of $5.43 to $5.55 per share, which falls in line with our current consensus estimate of $5.33 per share.
"Our development pipeline reached a new record of nearly 465,000 rooms and we remain on track to achieve worldwide room additions of 5.5 to 6 percent, net of deletions, for full year 2018,” CEO Arne M. Sorenson said in a statement.
Here’s a graph that looks at MAR’s Price, Consensus and EPS Surprise history:
Marriott International Price, Consensus and EPS Surprise
Check back later for our full analysis on MAR’s earnings report!
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Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
Marriott (MAR) Tops Q1 Earnings Estimates, Revenue Falls Short
Marriott International (MAR - Free Report) just released its first quarter financial results, posting adjusted earnings of $1.34 per share and revenues of $5.01 billion.
Marriott is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of Marriott are up nearly 42% over the last year and have surged 4.5% over the last four weeks. The company also saw its stock price climb 1.95% on Tuesday to hit $139.31 per share prior to the release of its quarterly earnings results.
Marriott stock is currently down 0.91% to $138.04 in after-hours trading shortly after its earnings report was released.
MAR:
Beat earnings estimates. The company posted adjusted earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.25 per share.
Missed revenue estimates. The company saw revenue figures of $5.01 billion, missing our consensus estimate of $5.75 billion.
Marriott saw its quarterly earnings climb roughly 33% from $1.01 per share in the year ago-period. Looking ahead, Marriott expects to report full-year earnings in the range of $5.43 to $5.55 per share, which falls in line with our current consensus estimate of $5.33 per share.
"Our development pipeline reached a new record of nearly 465,000 rooms and we remain on track to achieve worldwide room additions of 5.5 to 6 percent, net of deletions, for full year 2018,” CEO Arne M. Sorenson said in a statement.
Here’s a graph that looks at MAR’s Price, Consensus and EPS Surprise history:
Marriott International Price, Consensus and EPS Surprise
Marriott International Price, Consensus and EPS Surprise | Marriott International Quote
Check back later for our full analysis on MAR’s earnings report!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>