Marriott (MAR) Tops Q3 EPS by 39c, Q4 EPS Guidance Comes in Light

Marriott (NASDAQ: MAR) reported Q3 EPS of $1.70, $0.39 better than the analyst estimate of $1.31. Revenue for the quarter came in at $5.05 billion versus the consensus estimate of $5.37 billion.

GUIDANCE:

Marriott sees Q4 2018 EPS of $1.37-$1.41, versus the consensus of $1.50.

• Marriott expects full year 2018 adjusted EBITDA could total $3,456 million to $3,471 million, a 10 to 11 percent increase over 2017 adjusted EBITDA of $3,131 million. This estimate reflects the roughly $68 million negative impact from hotels sold in 2017 and to date in 2018 but does not reflect additional asset sales that may occur in 2018. See page A-13 for the adjusted EBITDA calculation.

For earnings history and earnings-related data on Marriott (MAR) click here.

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