Marriott Intl MAR reported its Q2 earnings results on Tuesday, August 2, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Marriott Intl beat estimated earnings by 16.88%, reporting an EPS of $1.8 versus an estimate of $1.54.
Revenue was up $2.19 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.35 which was followed by a 1.98% drop in the share price the next day.
Here's a look at Marriott Intl's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 0.90 | 0.99 | 0.98 | 0.45 |
EPS Actual | 1.25 | 1.30 | 0.99 | 0.79 |
Revenue Estimate | 4.11B | 3.98B | 3.81B | 3.16B |
Revenue Actual | 4.20B | 4.45B | 3.95B | 3.15B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Marriott Intl management provided guidance for FY 2022, expecting earnings between $6.33 and $6.59 per share.
To track all earnings releases for Marriott Intl visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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