Zacks.com Announces the List of Stocks Featured in the Analyst Blog
Marriott International, Inc. (MAR) to Report Q3 2024 Earnings on November 4
Chicago, IL – November 1, 2024 – Zacks.com announces the latest list of stocks featured in the Analyst Blog. Every day, Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. The list covers Marriott International, Inc. (MAR), DraftKings Inc. (DKNG), Choice Hotels International, Inc. (CHH), and Airbnb, Inc. (ABNB).
Why Is Marriott International, Inc. (MAR) a Standout?
Marriott International, Inc. is scheduled to release its third-quarter 2024 results on November 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%. The company’s earnings topped the consensus mark in three of the trailing four quarters and missed on one occasion, with an average surprise of 16.9%.
For the third-quarter earnings per share (EPS), the Zacks Consensus Estimate has remained unchanged at $2.31 in the past 60 days, indicating a 9.5% growth from the year-ago quarter’s $2.11 per share.
Expectations and Analysis
The company’s third-quarter revenues are expected to have increased year over year, driven by solid growth in revenue per available room (RevPAR) from rising global leisure and business travel demand. Marriott’s focus on unit expansion, increased co-branded credit card fees, benefits from its travel and loyalty program, and the launch of the MGM Collection with Marriott Bonvoy are likely to have aided its third-quarter performance.
The company expects gross fee revenues to be in the range of $1.275-$1.290 billion, up from the year-ago quarter’s $1.197 billion. Our model predicts gross fee revenues to be $1.28 billion, up 7.1% year over year.
Other Stocks to Watch
For these stocks, our model predicts an earnings beat. Here are some key points to consider:
- DraftKings Inc. (DKNG): Has an Earnings ESP of +36.39% and a Zacks Rank of 3.
- Choice Hotels International, Inc. (CHH): Has an Earnings ESP of +5.84% and a Zacks Rank of 3.
- Airbnb, Inc. (ABNB): Has an Earnings ESP of +0.12% and a Zacks Rank of 3.
How to Take Advantage of This Opportunity
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Additional Resources
- Marriott International, Inc. (MAR): Free Stock Analysis Report link
- Choice Hotels International, Inc. (CHH): Free Stock Analysis Report link
- DraftKings Inc. (DKNG): Free Stock Analysis Report link
- Airbnb, Inc. (ABNB): Free Stock Analysis Report link
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