Marriott International MAR shares dropped Monday following third-quarter earnings that missed expectations. Despite a decline, the stock appears to have found support at a key price level, reflecting "market memory." Sometimes, a price level that had previously been resistance can turn into a support level months later, as you can see on the Marriott chart, which is why our team of technical analysts and traders has made it our Stock of the Day. In July, Marriott's stock was trending higher as demand outpac ...

Marriott International, Inc. (MAR) reported third-quarter 2024 results, with adjusted earnings and revenues missing the Zacks Consensus Estimate. The top and bottom lines increased on a year-over-year basis.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.For the quarter, the company reported a solid increase in global travel demand, driving growth in international markets and steady performance in the United States and Canada. The company reported a rise in group bookings. Business ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Marriott International (MAR) came out with quarterly earnings of $2.26 per share, missing the Zacks Consensus Estimate of $2.31 per share. This compares to earnings of $2.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -2.16%. A quarter ago, it was expected that this hotel company would post earnings of $2.49 per share when it actually produced earnings of $2.50, delivering a surprise of 0.40%. Over the last four quarters, ...

NEWS Marriott International Reports Third Quarter 2024 Results • Third quarter 2024 comparable systemwide constant dollar RevPAR increased 3.0 percent worldwide, 2.1 percent in the U.S. & Canada, and 5.4 percent in international markets, compared to the 2023 third quarter; • Third quarter reported diluted EPS totaled $2.07, compared to reported diluted EPS of $2.51 in the year-ago quarter. Third quarter adjusted diluted EPS totaled $2.26, compared to third quarter 2023 adjusted diluted EPS of $2.11; • Third ...

Third quarter 2024 comparable systemwide constant dollar RevPAR increased 3.0 percent worldwide, 2.1 percent in the U.S. & Canada, and 5.4 percent in international markets, compared to the 2023 third quarter; Third quarter reported diluted EPS totaled $2.07, compared to reported diluted EPS of $2.51 in the year-ago quarter. Third quarter adjusted diluted EPS totaled $2.26, compared to third quarter 2023 adjusted diluted EPS of $2.11; Third quarter reported net income totaled $584 million, compared to report ...

Marriott International, Inc. (MAR) is scheduled to release third-quarter 2024 results on Nov. 4, before the opening bell.In the last reported quarter, the company’s earnings marginally beat the Zacks Consensus Estimate by 0.4% while revenues missed the same by 0.9%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Marriott’s earnings topped the consensus mark in three of the trailing four quarters and missed on the remaining occasion, with the average surprise being 16.9%.MAR’s Trend ...

Wall Street analysts forecast that Marriott International (MAR) will report quarterly earnings of $2.31 per share in its upcoming release, pointing to a year-over-year increase of 9.5%. It is anticipated that revenues will amount to $6.28 billion, exhibiting an increase of 6% compared to the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this perio ...

The market expects Marriott International (MAR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected ...

This milestone addition in Mexico reaffirms Marriott's ongoing growth in the Caribbean and Latin America region and its continued expansion in the luxury segment. PLANTATION, Fla., Oct. 28, 2024 /PRNewswire/ -- Marriott International, Inc. (NASDAQ: MAR), the largest hotel company and leader globally and in the Caribbean and Latin America (CALA), announced today the opening of its 500th property in the region. The Almare, a Luxury Collection Resort, Isla Mujeres, Adult AllInclusive embodies Marriott's commit ...