Marriott International Sees Q2 2024 Adj. EPS $2.43-$2.48 Vs $2.52 Estimate
Portfolio Pulse from Benzinga Newsdesk
Marriott International projects its Q2 2024 adjusted earnings per share (EPS) to be between $2.43 and $2.48, which is below the analyst estimate of $2.52.
May 01, 2024 | 11:25 am
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Marriott International's projected Q2 2024 adjusted EPS falls short of analyst expectations, indicating potential downward pressure on its stock price in the short term.
When a company's earnings forecast falls below analyst estimates, it often leads to negative investor sentiment and can cause the stock price to drop as market participants adjust their expectations. Given that Marriott International's forecasted EPS is below the consensus estimate, this could lead to a decrease in stock price in the short term as investors react to the news.
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