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Marriott International Second Quarter Earnings Preview
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Marriott International (NYSE:MAR) is expected to report increased earnings when it releases its second quarter results on Wednesday, July 11, 2012. The consensus estimate is anticipating a profit of 42 cents a share, an increase from last year's 37 cents per share.
Investors care about earnings because they drive stock prices. Strong earnings generally result in the stock price moving up and vice versa. SEE: How To Decode A Company's Earnings Reports
What to Expect: Marriott is expected to report 42 cents per share, up 13.5% from a year ago when the company reported earnings of 37 cents per share.
Analysts are expecting earnings of $1.65 per share for the fiscal year.
Revenue for the quarter is expected to be $2.84 billion, short of last year's reported figure of $2.97 billion by 4.4%. Revenue of $11.84 billion is expected for the fiscal year.
Company Performance: In the first quarter, Marriott broke a three-quarter growth streak with a year-over-year decline in revenue. It fell 8.1% in the first quarter after rising 1.4%in the fourth quarter of the last fiscal year, 8.5% in the third quarter of the last fiscal year and 7.3% in the second quarter of the last fiscal year.
The P/E ratio has been used for ages by analysts and still remains one of the most relevant pieces of stock valuation. A high or low P/E ratio is not good or bad in and of itself, but a company trading with a high P/E ratio must continue to post strong financial performance or its stock price is likely to fall. SEE: How To Use The P/E Ratio And PEG To Tell The Future Of A Stock
Over the past quarter, the stock price has risen to $39.25 from $37.49 on April 9, 2012. Marriott's best recent streak was when its price gained $2.84 per share between June 13, 2012 and June 20, 2012.
Investors care about earnings because they drive stock prices. Strong earnings generally result in the stock price moving up and vice versa. SEE: How To Decode A Company's Earnings Reports
What to Expect: Marriott is expected to report 42 cents per share, up 13.5% from a year ago when the company reported earnings of 37 cents per share.
Analysts are expecting earnings of $1.65 per share for the fiscal year.
Revenue for the quarter is expected to be $2.84 billion, short of last year's reported figure of $2.97 billion by 4.4%. Revenue of $11.84 billion is expected for the fiscal year.
Company Performance: In the first quarter, Marriott broke a three-quarter growth streak with a year-over-year decline in revenue. It fell 8.1% in the first quarter after rising 1.4%in the fourth quarter of the last fiscal year, 8.5% in the third quarter of the last fiscal year and 7.3% in the second quarter of the last fiscal year.
The P/E ratio has been used for ages by analysts and still remains one of the most relevant pieces of stock valuation. A high or low P/E ratio is not good or bad in and of itself, but a company trading with a high P/E ratio must continue to post strong financial performance or its stock price is likely to fall. SEE: How To Use The P/E Ratio And PEG To Tell The Future Of A Stock
Over the past quarter, the stock price has risen to $39.25 from $37.49 on April 9, 2012. Marriott's best recent streak was when its price gained $2.84 per share between June 13, 2012 and June 20, 2012.
by
Investopedia Staff
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