Marriott International 2Q Earnings Pregame Scorecard
Having topped analysts' estimates last quarter by one cent per share, Marriott International is expected to deliver its latest earnings on Wednesday, July 11, 2012.
Expectations
Analysts currently expect Marriott International to come in with earnings of 42 cents per share on revenues of $2.84 billion. Analysts gave estimates ranging from 40 cents per share to 44 cents per share. The average estimate has shown no movement over the last three months.
Last Quarter's Results
In the first quarter, profit rose 3% to $104 million (30 cents a share) from $101 million (26 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 8.1% to $2.55 billion from $2.78 billion.
Stock Ratings
Analysts are bullish on the stock as 12 analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.
Stock Movement
In terms of price changes, the stock's best recent streak was when it gained $2.84 per share between June 13, 2012 and June 20, 2012.
Company Fundamental Trends While last quarter's drop snapped a string of revenue increases, the company will look to right itself during the upcoming earnings period. Revenue rose 7.3% in the second quarter of the last fiscal year, 8.5% in the third quarter of the last fiscal year and 1.4%in the fourth quarter of the last fiscal year before dropping in the first quarter.
Summary
Reporting Period: 2Q
Date of Release: Wednesday, July 11, 2012
EPS: 42 cents
Revenue Estimate: $2.84 billion