Marriott International ($MAR) Stock Forecast: Up 7.7% Today

What is Marriott International?

Marriott International (MAR) is a well-known hospitality company operating globally, offering a wide range of lodging options from luxury to budget-friendly accommodations.

Why is Marriott International going up?

MAR stock is up 7.7% on Nov 6, 2024 15:04

• Despite reporting worse-than-expected Q3 earnings and lowering its full-year guidance, MAR experienced a strong bullish movement.
• The market might have reacted positively due to analysts boosting their forecasts for the company, indicating potential future growth prospects.
• Investors could be focusing on the strong contributions from Base management and Franchise fees in Q3, showing resilience in certain segments of the business.
• The bearish performance in the China market and missing earnings and revenue estimates could have been overshadowed by other positive factors, leading to the bullish movement in MAR's stock.

MAR Price Chart

MAR Technical Analysis

MAR News

Company News for Nov 5, 2024

Companies in The News Are: ...

https://www.zacks.com/stock/news/2364303/company-news-for-nov-5-2024

Marriott Analysts Boost Their Forecasts After Q3 Earnings - Marriott Intl ( NASDAQ:MAR )

Marriott International MAR reported worse-than-expected third-quarter financial results and issued FY24 adjusted EPS guidance below estimates on Monday. The company reported a third-quarter adjusted EPS of $2.26, missing the street view of $2.31.

https://www.benzinga.com/news/earnings/24/11/41746300/marriott-analysts-boost-their-forecasts-after-q3-earnings

Marriott's Q3 Earnings & Revenues Miss Estimates, '24 View Cut

MAR's third-quarter top line reflects strong contributions from Base management and Franchise fees.

https://www.zacks.com/stock/news/2363529/marriotts-q3-earnings-revenues-miss-estimates-24-view-cut

Marriott International Q3 Earnings: China Market Weakness Drags on Performance, Adjusts Full-Year Outlook - Marriott Intl ( NASDAQ:MAR )

Marriott International MAR stock fell Monday after its third-quarter print. The company reported a third-quarter adjusted EPS of $2.26, missing the street view of $2.31. Quarterly sales of $6.26 billion marginally missed the analyst consensus of $6.27 billion.

https://www.benzinga.com/news/earnings/24/11/41714051/marriott-international-q3-earnings-china-market-weakness-drags-on-performance-adjusts-full-year-out

Marriott International ( MAR ) Misses Q3 Earnings and Revenue Estimates

Marriott (MAR) delivered earnings and revenue surprises of -2.16% and 0.45%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

https://www.zacks.com/stock/news/2363078/marriott-international-mar-misses-q3-earnings-and-revenue-estimates

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Marriott International Price History

06.10.2024 - MAR Stock was up 7.7%

• Despite reporting worse-than-expected Q3 earnings and lowering its full-year guidance, MAR experienced a strong bullish movement.
• The market might have reacted positively due to analysts boosting their forecasts for the company, indicating potential future growth prospects.
• Investors could be focusing on the strong contributions from Base management and Franchise fees in Q3, showing resilience in certain segments of the business.
• The bearish performance in the China market and missing earnings and revenue estimates could have been overshadowed by other positive factors, leading to the bullish movement in MAR's stock.

14.01.2024 - MAR Stock was down 5.5%

• The bearish movement in MAR's stock today can be attributed to a combination of factors:
• 1. Slowing U.S. business: The post-pandemic travel boom that boosted Marriott's revenue has started to ease, leading to a slowdown in their U.S. business. This, along with the Q4 revenue missing estimates, likely contributed to the bearish market movement.
• 2. Mixed earnings results: While Marriott's Q4 earnings surpassed estimates, the revenue fell short of expectations. This mixed performance could have created uncertainty among investors, leading to a negative sentiment towards the stock.
• 3. Overall market decline: The broader market, as represented by the NASDAQ, experienced a significant decline today, with the index falling over 2%. This general market downturn could have influenced the bearish movement in Marriott's stock, as investors may have been more cautious and risk-averse.
• 4. Concerns about debt and financing: The disclosure of a new risk related to Marriott's debt and financing might have raised concerns among investors, further contributing to the bearish market movement.
• Overall, the combination of slowing business growth, mixed earnings results, a general market decline, and concerns about debt and financing likely played a role in the bearish movement of Marriott International's stock today.

13.01.2024 - MAR Stock was down 6.2%

• Marriott International's stock experienced a downward trend today, which can be attributed to the reported mixed performance in its fourth-quarter earnings.
• The company exceeded the analyst consensus for adjusted earnings per share but fell short of revenue expectations.
• The disparity between earnings and revenue performance may have raised concerns among investors regarding Marriott International's future growth prospects.

13.01.2024 - MAR Stock was down 5.8%

• In Q4, Marriott's revenue fell short of projections, indicating a slowdown in its U.S. business following a decrease in travel demand after the pandemic.
• Although the company surpassed expectations for adjusted earnings per share, its revenue was lower than anticipated.
• The market sentiment was negative, with the NASDAQ dropping over 2% and the Dow Jones index declining by more than 700 points.
• The decline in U.S. stocks overall, combined with Marriott's underwhelming revenue, likely contributed to the bearish movement in the stock.

08.08.2023 - MAR Stock was up 2.1%

• Marriott International, Inc. (MAR) is likely benefiting from the rise in consumer spending, as mentioned in an article from Zacks Commentary.
• The positive relative price strength of Hyatt Hotels (H) could be an indicator of overall strength in the hospitality sector, potentially benefiting Marriott as well, as mentioned in an article from Investors Business Daily.
• The growing popularity of sports betting, as highlighted in an article from Investor Place, could also contribute to the bullish movement of Marriott's stock, as it offers opportunities for revenue growth through its hotels and casinos.
• It's worth noting that Marriott Vacations Worldwide (VAC) experienced a slight decline, as mentioned in an article from Zacks Commentary, but this does not necessarily impact Marriott International, Inc. directly.

13.01.2024 - MAR Stock was down 5.1%

• Today, MAR experienced a strong bearish movement, and here's what might have caused it:
• According to analysis, Marriott delivered a mixed performance for the fourth quarter, which could have disappointed investors and led to the bearish movement.
• Additionally, Q4 revenue fell short of expectations, contributing to the negative sentiment surrounding the stock.
• The broader market sentiment might have also played a role, as US stocks were lower in premarket trading. This weakness in the overall market could have influenced MAR's bearish movement.
• It's worth noting that Marriott's Q4 earnings and revenue surprises were mentioned but without further details, making it difficult to determine their impact on the stock's movement.
• In summary, Marriott International (MAR) experienced a bearish movement today, potentially due to its mixed Q4 performance, falling short on revenue, and the broader market sentiment.

03.10.2023 - MAR Stock was up 5.1%

• The bullish movement in MAR's stock can be attributed to several factors:
• 1. Strong Q3 Results: Marriott International reported strong Q3 results, surpassing analyst expectations. The company recorded a 12% increase in sales growth and saw a significant rise in comparable systemwide constant dollar RevPAR (Revenue per Available Room). These positive financial indicators likely contributed to the bullish market movement.
• 2. Optimistic Outlook: During the earnings call, Marriott expressed optimism about future growth. The company's positive outlook may have instilled confidence in investors, leading to increased buying activity and driving the stock price higher.
• 3. Booming Travel Demand: Both Marriott and Hyatt, another hotel chain, reported an increase in profit due to robust travel demand. As travel restrictions ease and people resume their travel plans, the hotel industry is experiencing a surge in bookings. This increased demand for accommodations could have positively impacted Marriott's stock performance.
• Overall, Marriott International's strong Q3 results, optimistic outlook, and the rebound in travel demand are likely key factors behind the bullish movement in the stock market today.

07.01.2024 - MAR Stock was up 2.2%

• The bullish movement in Marriott International (MAR) stock today can be attributed to the following factors:
• 1. Positive outlook for the travel sector: an article from Investor Place highlights the potential growth in the travel industry, with companies expected to prioritize travel as a means to boost their businesses. This positive sentiment towards the travel sector could have contributed to the bullish movement in MAR stock.
• 2. Predicted interest-rate cuts: an article from Zacks Commentary mentions the possibility of interest-rate cuts in the second half of the year, which could encourage companies and consumers to spend more on travel. Lower borrowing costs can stimulate travel demand and benefit companies like Marriott International.
• 3. Recovery from the pandemic: an article from Investor Place discusses the recovery of the retail sector from the impact of the COVID-19 pandemic. As travel and hospitality are closely linked to retail spending, the overall recovery in consumer spending patterns and the expectation of low-interest rates could have positively influenced investor sentiment towards Marriott International.
• Overall, the bullish movement in Marriott International (MAR) stock today can be attributed to the positive outlook for the travel sector, predicted interest-rate cuts, and the recovery of the retail industry.

01.06.2024 - MAR Stock was down 1.9%

• The bearish movement in MAR stock today could be attributed to the uncertainty surrounding the luxury travel sector in the Asia Pacific region, as highlighted in recent insights into changing trends in affluent travelers' behavior.
• The market sentiment towards luxury stocks might have been impacted by the overall uncertainty in the market, as investors seek out smart stocks to buy amidst changing economic indicators and market conditions.
• Additionally, the focus on sustainable practices by Marriott, such as the tree planting initiative in Gurugram, could have influenced investor perception, with a potential shift towards companies emphasizing eco-friendly practices.
• The transaction growth and success of Fliggy in connecting international brands to Chinese consumers might have also played a role, showcasing potential competition or challenges for Marriott in the Asian market, leading to the bearish movement in the stock.