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Marriott (MAR) Q2 Earnings Report Preview: What To Look For [Yahoo! Finance Canada]
Last monster beverage corporation earnings: 2/27 04:05 pm
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US:NASDAQ Investor Relations: investors.monsterbevcorp.com/events.cfm
Marriott beat analysts' revenue expectations by 0.8% last quarter, reporting revenues of $6.26 billion, up 4.8% year on year. It was a mixed quarter for the company, with a decent beat of analysts' adjusted operating income estimates but EBITDA guidance for next quarter missing analysts' expectations. Is Marriott a buy or sell going into earnings? Read our full analysis here, it's free This quarter, analysts are expecting Marriott's revenue to grow 3.5% year on year to $6.66 billion, slowing from the 6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.62 per share. Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 6 downward revisions over the last 30 days (we track 12 analysts). Marriott has missed Wall Street's revenue estimates three times over the last two years. Looking at Marriott's peers in the travel and vacation providers segment, some have already repo
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