Marriott Intl Q1 2024 Adj EPS $2.13 Misses $2.17 Estimate, Sales $5.98B Beat $5.93B Estimate
Portfolio Pulse from Benzinga Newsdesk
Marriott International (MAR) reported Q1 2024 adjusted EPS of $2.13, missing the $2.17 estimate, but sales of $5.98B exceeded the $5.93B estimate, marking a 6.45% increase from the previous year.
May 01, 2024 | 11:02 am
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Marriott International's Q1 2024 earnings report showed a slight miss on EPS estimates but exceeded sales expectations, indicating a mixed financial performance.
The slight miss in EPS might concern some investors, potentially putting downward pressure on the stock. However, the beat on sales estimates and the year-over-year sales growth could offset concerns and signal underlying strength in the company's operations. The mixed results present a neutral short-term outlook for the stock, as the positive sales performance may balance out the negative sentiment from the EPS miss.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100