Marriott’s stock has evidenced a mixed performance recently with both drops and rises in its value. The company's
fourth-quarter revenue fell short of expectations, causing a drop in stocks. However, Marriott remains a dominant, ever-growing giant in the hospitality market, with its stock reaching new highs due to pent-up demand for tourism.
Q4 earnings surpassed estimates, although revenues missed, and Marriott’s stock dropped due to a weak outlook. Notably, despite turbulence in the market, Marriott has managed to showcase a positive trend, with its stock being up 30% in a year, and up 6.8% since their last earnings report. The company continues its expansion, stating solid 2023 unit growth plans, and has even increased its share buyback and declared a quarterly cash dividend. Nevertheless, the company did underperform on a couple of days relative to competitors, and its stock priced dipped following mixed Q4 numbers.
Marriott's value remains debated among investors, though the company's stock still appears to be a sought-after asset, particularly for long-term gains.
Marriot Stocks MAR News Analytics from Wed, 22 Feb 2012 08:00:00 GMT to Tue, 30 Apr 2024 07:00:00 GMT -
Rating 5
- Innovation 2
- Information 8
- Rumor -2
