Marriott International is set to report its quarterly earnings before the market opens on Monday. Analysts expect the global hospitality company to post revenue growth of 6.9% year on year, an acceleration from the 4.7% increase recorded in the same quarter last year. The company met revenue expectations last quarter with $6.65 billion, up 6.2% year on year, and delivered a decent beat on EBITDA estimates. Marriott has missed Wall Street revenue estimates multiple times over the past two years, though analyst estimates have been largely reconfirmed over the last 30 days. Shares of Marriott are down 1.5% over the past month, heading into earnings with an average analyst price target of $384.83 compared to the current share price of $373.25.
Marriott International IncEarnings report upcoming; revenue expected to rise 6.9%, but past misses and stock decline create uncertainty.