Earnings Outlook For Marriott Intl
Portfolio Pulse from Benzinga Insights
Marriott Intl (NASDAQ:MAR) is scheduled to release its quarterly earnings report on February 13, 2024, with analysts estimating an EPS of $2.12. The company's past performance shows a mixed reaction to earnings reports, with the last quarter's EPS beat resulting in a 3.02% share price increase the following day. Shares are currently trading at $247.02, up 36.8% over the last 52 weeks, indicating a positive sentiment among long-term shareholders ahead of the earnings announcement.
February 12, 2024 | 5:01 pm
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POSITIVE IMPACT
Marriott Intl is expected to report an EPS of $2.12 for the upcoming quarter. Historical data shows its stock price reacts to earnings beats and guidance. Shares have risen 36.8% over the past year, indicating positive investor sentiment.
Given Marriott's history of positive stock movement following earnings beats and the anticipation of positive guidance, there is a high likelihood of a positive short-term impact on MAR's stock price, especially considering the positive sentiment reflected in the 36.8% year-over-year gain.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100