Today we are watching…
1. Marriott International (#marriot)
Hotel franchise, Marriott, is scheduled to publish its earnings today and analysts have mixed feelings about its chances at an earnings beat. While its stock has been on a serious hot-streak, rising 26% since the start of 2019, its demand in China has been inconsistent. However, the company has experienced strong growth in its North American business with strong bookings growth driving a solid top line performance. The EPS estimate is $1.74 (flat) on revenue of 5.16bn (+3.0%).
2. Viacom (#viacom)
US mass media company, Viacom, is also set to post its earnings today. The share has traded extremely choppily since the start of 2019, but has made a good recovery from its March sell-off. The turnaround of two of its major brands, MTV and Paramount have been a great benefit to the company, but increasing competition in the TV space from the big names in streaming is weighing on its performance. Analysts will be looking closely at this report for signs of solid future returns to offset the company’s multi-year downtrend. Keep your eyes peeled.
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