Marriott International Expects Q1 Adj. EPS Of $2.12-$2.19 Vs. $2.3 Estimate, Projects FY24 Adjusted EPS Of $9.18-$9.52 Vs. $9.69 Estimate
Portfolio Pulse from Benzinga Newsdesk
Marriott International forecasts its Q1 adjusted EPS to be between $2.12 and $2.19, below the $2.3 estimate. For FY24, the adjusted EPS is projected to be between $9.18 and $9.52, also below the $9.69 estimate. The company anticipates worldwide RevPAR growth of 4% to 5% for Q1 and 3% to 5% for the full year 2024.
February 13, 2024 | 12:12 pm
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Marriott International forecasts lower-than-expected Q1 and FY24 adjusted EPS, with anticipated worldwide RevPAR growth of 4% to 5% for Q1 and 3% to 5% for FY24.
The projected lower-than-expected adjusted EPS for both Q1 and FY24 suggests that Marriott International's financial performance may not meet market expectations, which could lead to a negative short-term impact on its stock price. The RevPAR growth projections, while positive, may not be sufficient to offset the lower earnings outlook.
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