Marriott Sees FY24 Adj. EPS $9.23-$9.40 Vs $10.81 Estimate
Portfolio Pulse from Benzinga Newsdesk
Marriott International has provided its forecast for the fiscal year 2024, projecting adjusted earnings per share (EPS) between $9.23 and $9.40, which is below the market estimate of $10.81.
July 31, 2024 | 11:07 am
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Marriott International's FY24 adjusted EPS forecast of $9.23-$9.40 is significantly below the market estimate of $10.81, which could lead to a negative short-term impact on the stock price.
The lower-than-expected EPS forecast suggests that Marriott may face challenges in meeting market expectations, which could result in a negative reaction from investors and a potential decline in the stock price.
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