Marriott International (NASDAQ:MAR) is reporting third quarter financial results on Friday 6th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, MAR is expected to report 3Q20 loss of $ 0.07 per share from revenue of $ 2278.44 million.
For the full year, analysts anticipate top line of $ 11427.80 million, while looking forward to loss of $ 0.31 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 6.30 ~ $ 6.53 per share
Click Here For More Historical Outlooks Of Marriott International
Previous Quarter Performance
Marriott International outlined loss for the second quarter of $ 0.64 per share, from the revenue of $ 1,464.00 million. The quarterly revenues reduced 72.40 percent compared with the same quarter last year. Wall street analysts are predicting, MAR to report 2Q20 loss of $ 0.42 per share from revenue of $ 1676.91 million. The bottom line results missed street analysts by $ 0.22 or 52.38 percent, at the same time, top line results fell short of analysts by $ 212.91 million or 12.7 percent.
Stock Performance
Shares of Marriott International traded up $ 2.87 or 2.93 percent on Thursday, reaching $ 100.91 with volume of 3.57 million shares. Marriott International has traded high as $ 102.89 and has cracked $ 98.16 on the downward trend
According to the previous trading day, closing price of $ 100.91, representing a 110.57 % increase from the 52 week low of $ 46.56 and a 36.08 % decrease over the 52 week high of $ 153.39.
The company has a market capital of $ 32.73 billion and is part of the Consumer Cyclical sector and Lodging industry.
Recent Analyst recommendations
- On 13th October 2020, upgraded by BMO Capital Markets to Market Perform from Underperform rating, with $ 95.00 target price.
- On 30th September 2020, maintained by Bank of America at Buy rating, with $ 115.00 target price.
Conference Call
Marriott International will be hosting a conference call at 8:30 AM eastern time on 6th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.marriott.com
Marriott International, Inc. operates, franchises, and licenses hotel, residential, and timeshare properties worldwide. The company operates through North American Full-Service, North American Limited-Service, and Asia Pacific segments.
