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Marriott's 2Q17 Brings a Game Changer

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Marriott's 2Q17 Brings a Game Changer PART 1 OF 7

Why Marriott’s Shares Fell after Its 2Q17 Results

MAR’s 2Q17 performance

For 2Q17, Marriott International (MAR) beat analyst estimates for both revenues and EPS (earnings per share), reporting revenues of $5.8 billion, which represents a growth of 48.7% YoY (year-over-year). Adjusted EPS grew to $1.13, compared with $0.97 in 2Q16. Analysts had estimated revenues of ~$5.64 billion and EPS of $1.01.

Why Marriott&#8217;s Shares Fell after Its 2Q17 Results

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Stock loses in aftermarket trade

Despite beating the analyst estimates, the Marriott International (MAR) stock fell ~3% in after-market trades due to lower-than-expected third quarter earnings guidance.

Rival Hilton Worldwide Holdings (HLT) also lost 1.2% in aftermarket trading, while Wyndham Worldwide (WYN) and Hyatt Hotels (H) were flat.

Year-to-date performance

YTD (year-to-date) as of August 7, 2017, Marriott stock has gained 28.4%, while Wyndham has seen the largest gain of 35.3%. Hilton has gained 9.6%, and Hyatt (H) has gained ~9.3% YTD.

The broader market tracked by the SPDR S&P 500 ETF (SPY) has gained 9.4% in the same period.

Series overview

In this series, we’ll assess Marriott’s 2Q17 performance, looking at key metrics trends and its outlook for the rest of 2017. We’ll end the series with an analysis of valuation multiples.

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