Overview

* Marriott ( MAR ) Q3 adjusted EPS beats analyst expectations

* Company's adjusted net income for Q3 exceeds analyst estimates

* Marriott ( MAR ) repurchased 3 mln shares for $0.8 bln in Q3

Outlook

* Marriott ( MAR ) expects full-year 2025 RevPAR growth of 1.5% to 2.5%

* Company anticipates net rooms growth approaching 5% for 2025

* Marriott ( MAR ) plans to return approx. $4 bln to shareholders in 2025

Result Drivers

* INTERNATIONAL REVPAR - International markets saw a 2.6% increase in RevPAR, driven by strong performance in APEC regions like Japan, Australia, and Vietnam

* LUXURY SEGMENT - Luxury hotels outperformed with a 4% rise in RevPAR due to robust demand and strong rate performance

* ROOMS GROWTH - Co added 17,900 net rooms in Q3, contributing to a 4.7% increase in net rooms from Q3 2024

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $2.47 $2.39

Adjusted (21

EPS Analysts

)

Q3 EPS $2.67

Q3 Beat $674 mln $649.77

Adjusted mln (17

Net Analysts

Income )

Q3 Net $728 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 10 "strong buy" or "buy", 16 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the hotels, motels & cruise lines peer group is "buy."

* Wall Street's median 12-month price target for Marriott International Inc ( MAR ) is $281.00, about 6.1% above its November 3 closing price of $263.89

* The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)