Marriott International Misses on the Top and Bottom Lines
Marriott International (NYS: MAR) reported earnings on Feb. 15. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 30 (Q4), Marriott International missed slightly on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved slightly, and GAAP earnings per share shrank.
Gross margins improved, operating margins improved, and net margins dropped.
Marriott International booked revenue of $3.69 billion. The 14 analysts polled by S&P Capital IQ hoped for revenue of $3.76 billion on the same basis. GAAP reported sales were 1.4% higher than the prior-year quarter's $3.64 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.46. The 21 earnings estimates compiled by S&P Capital IQ predicted $0.47 per share on the same basis. GAAP EPS of $0.42 for Q4 were 6.7% lower than the prior-year quarter's $0.45 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 22.3%, 930 basis points better than the prior-year quarter. Operating margin was 15.5%, 910 basis points better than the prior-year quarter. Net margin was 3.8%, 100 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.58 billion. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $11.81 billion. The average EPS estimate is $1.59.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 323 members rating the stock outperform, and 138 members rating it underperform. Among 130 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 102 give Marriott International a green thumbs-up, and 28 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Marriott International is outperform, with an average price target of $35.42.
- Add Marriott International to My Watchlist.
At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.