What Analysts Expect for Marriott in 2Q17
Analyst estimates for Marriott
Marriott (MAR) is scheduled to report its 2Q17 earnings on August 7, 2017, after the market closes. Analysts expect Marriott’s 2Q17 revenues to grow 43.7% year-over-year (or YoY) to $5.6 billion. Its EBITDA1 could grow 63.1% YoY to $805.8 million. The company’s earnings per share (or EPS) are expected to fall 0.7% YoY to $1.02.
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MAR stock continues its rise
The Starwood acquisition has provided positive momentum to Marriott (MAR) stock. MAR has gained throughout the year with the exception of June’s loss of 8.9%. MAR stock gained 2.3% in January 2017, 2.8% in February, 8.3% in March, 0.25% in April, 10.9% in May, and 3.0% in July.
Year-to-date through August 2, Marriott stock has gained 25.2%, underperforming only Wyndham stock. For the same period, Wyndham (WYN) stock has outperformed its peers by gaining 34.9%. InterContinental Hotels Group (IHG) came in next with a gain of 22.6%, followed by Hilton’s (HLT) gain of 6.9%.
On the other hand, Hyatt (H) lost 0.52% in the same period. The SPDR S&P 500 ETF (SPY) has gained 9.2% in the same period.
In this series, we’ll assess Marriott’s performance across several key metrics. We’ll also look at analyst estimates for Marriott’s second quarter, finally wrapping up the series with a discussion on its valuation multiples.
- earnings before interest, tax, depreciation, and amortization ↩