Marriott Earnings Preview: What to Expect

Bethesda, Maryland-based Marriott International, Inc. (MAR) operates, franchises, and licenses hotel, residential, timeshare, and other lodging properties. Valued at $69.67 billion by market cap, the company offers accommodations, lodging, dining, spa, weddings, meetings, events, and recreational facilities. The hospitality service provider is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Wednesday, Jul. 31. 

Ahead of the event, analysts expect MAR to report a profit of $2.49 per share on a diluted basis, up 10.2% from $2.26 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing on another occasion. During the quarter, the company added roughly 46,000 net rooms, including approximately 37,000 rooms, under its agreement with MGM Resorts International.