MAR To Release Earnings Tomorrow After the Close

Marriott International, Inc. is a diversified hospitality company. It is a lodging company with more than 3,700 properties in 73 countries and territories. MAR is currently trading around $71.07 in a 52 week range of $43.77 – 73.28. The company’s stock has been outperforming the market this year with shares increasing 44.17% year to date. Shares have traded flat in the last month, recently climbing back near 52 week highs.

Marriott International is scheduled to be releasing its Q314 earnings data on Tuesday, October 28th. Analysts expect Marriott International to post revenue of $3.43 billion for the quarter. Zacks Consensus Estimate expects earnings per share to be in the range of 59 cents to 63 cents per share in the third quarter, up from the year-ago figure of 52 cents per share. Looking at the company’s earnings history, MAR has rallied 4 of the last 8 quarters. On average, the stock has moved about 1.1% in the last 5 quarters as a result of earnings releases. This earnings season, market makers are implying about a +-  5.4% move in the stock for the October 31 option chain.